Web3
FDIC fintech standards set up new certification body after Synapse collapse
The Cryptonomist·August 7, 2026·1 min read
The FDIC is establishing a new certification body for fintech firms after the Synapse collapse. The agency is working with industry leaders to create an independent standards committee that would certify fintech companies used by banks. This move aims to strengthen oversight of bank-fintech partnerships and prevent future failures.
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