Search Results for "American Bank"
3 results for "American Bank"
Deals 3
American Bankers Association Invests in PortX Data Integration Platform
The American Bankers Association (ABA) invested in PortX, a data integration platform supporting banking operations and fintech connectivity. The investment is part of ABA's broader effort to advance fintech infrastructure for its member banks. PortX provides integration tools that help banks connect with fintech partners and modernize operations.
Class-Action Lawsuit Targets Evolve and Partner Banks Over Synapse Bankruptcy Fallout
A class-action lawsuit was filed against Evolve Bank & Trust, Lineage Bank, AMG National Trust, and American Bank over mishandled customer deposits following Synapse's April 2024 bankruptcy. Customers of fintechs like Yotta and Juno report receiving pennies on the dollar, with up to $95 million in funds reportedly unaccounted for.
Synapse Partners with American Bank for BaaS Sponsor Banking Services
Synapse Financial Technologies announced a partnership with American Bank of Le Mars, Iowa, as a new sponsor bank. American Bank will provide FDIC deposit insurance, payment processing, and card issuance through Synapse's modular banking infrastructure. The partnership supports Synapse's platform serving over 15 million end users across fintech companies.