Synapse bankruptcy raises questions about fintechs

$5 million 💰 That’s what UK-based payments platform Paddle will pay the FTC for processing payments tied to tech support scams. Even though Paddle wasn’t running the scam, it enabled the companies that did — and now it’s on the hook. The takeaway for every payments platform: 🧱 Trust doesn’t stop at onboarding 🔍 KYB isn’t just about the customer — it’s about the customer’s customer ⏱️ Risk doesn’t wait for quarterly verifications As fraudsters get smarter and bolder, platforms that treat business identity as a one-time formality will keep getting burned. Maintaining trust means continuously knowing who you’re working with and how they’re using your ecosystem. Read the full story from Fintech Business Weekly here: https://lnkd.in/gEPKSTG2

Most dispute resolution platforms paper over the underlying causes of risk and unnecessary consumer escalations. SLYCE360 doesn’t. 🚩 It flags burgeoning risks before they're visible. 🔎 It shows you which MIDs are masking risk with refunds. 💰 It keeps Merchants accountable, compliant, and profitable. ⚠️ The Merchant was refunding to stay afloat. Now? ✅ Refunds down 78%. ✅ Margin up $630K. ✅ Steady Compliance. That’s the difference between a tool and a strategy. Full breakdown in the case study 👇 https://ow.ly/OxBv50Wmyx3 #Payments #Compliance #Fintech #PaymentProcessing #RiskManagement #Data #CaseStudy

There’s something incredibly rewarding about watching a Merchant go from firefighting mode to full control. This Merchant was up against a tough situation: ❌ Refunds were eating away at profits ❌ Chargebacks were threatening compliance ❌ Growth was slowing down Working alongside the team at Revolv3 including Robert Podlesni, Nathan Johnston and Hunter Denning we helped turn it around—with strategy, alignment, and the right data. This case study shows what’s possible when everyone rows in the same direction. ✅ Not just fewer refunds. ✅ Not just better compliance. ✅ But clarity—the kind that lets teams move forward confidently. Proud to have been a part of this one. If you’ve ever dealt with refund pressure or risk thresholds, it’s worth a read. https://lnkd.in/gX-aHbEp #SLYCE360 #Fintech #Compliance #MerchantSuccess #Payments #Revolv3

SLYCE360 and Revolv3 are critically important tools for your business. Knowing your business isn't just enough. Knowing is half the battle, the other half is where you are able position your company for the ever changing payments world ahead. SLYCE360 & Revolv3 are the other half of the business in understanding and implementation, when knowing isn't enough, it's only half of the story.

🚨 JPMorgan is slapping fintechs with massive new data fees—up to $300M a year for Plaid alone. This isn’t about “security.” It’s a blueprint to crush competition, kill open banking, and lock consumers into legacy systems. The future of finance shouldn’t be held hostage by some big banks. https://lnkd.in/eMWYnPFr

Consumers have a right to their own financial data... full stop! Any effort to restrict or monetize access to consumer-permissioned financial information is a direct threat to #responsible #innovation, healthy #competition, and the progress we’ve made toward a more #inclusive financial system. At a time when consumers are demanding more #flexibility, #transparency, and control over their financial lives, placing a tollbooth on data access will harm the very families a safe financial system is meant to serve. This is a shameless attempt to further entrench the position of incumbents! #OpenBanking only works when the largest institutions embrace, not obstruct, the transparency and interoperability that drive responsible innovation. Financial institutions should be empowering consumers—not creating new barriers to access. Jamie Dimon, JPMorganChase

Financial technology companies assailed a move by JPMorgan Chase to begin assessing fees for access to customer financial data. The American Fintech Council called JPMorgan’s fees “a shameless attempt to further entrench the position of incumbents.”  “At a time when consumers are demanding more flexibility, transparency, and control over their financial lives, placing a tollbooth on data access will harm the very families a safe financial system is meant to serve,” AFC Chief Executive Phil Goldfeder said. It’s hard to ignore the hypocrisy here. Jamie Dimon and JPMorganChase have spent years railing against proposals to cap interchange fees, arguing they hurt consumers and stifle competition. Now they are planning to charge fintech companies for access to the very data that belongs to consumers themselves. That’s not consumer protection—it’s gatekeeping. Justin Bachman, Payments Dive, Emma Eatman

JPMorgan tells fintech firms to start paying for customer data - InvestmentNews: The charges would drastically reshape the business for fintech firms, which fundamentally rely on their access to customers' bank accounts. Payment ...

JPMorgan will charge fintech companies for accessing customer data - NewsBytes: Charges based on data usage · Fintech firms rely on customer bank data · Impact on fintechs and consumers · What's the open-banking measure? #finpeform #fintech

The move could disrupt the business model of payment apps, which rely on free access to customers' financial data to process transactions. JPMorganChase #fintech #payments