To improve its ability to quickly deliver cutting-edge digital financial services to fintechs and their clients, Synapse Financial Technologies, Inc., a regulated embedded finance platform that expands access to best-in-class financial products, announced a partnership with AMG National Trust ("AMG"), a wealth manager and national bank based in Denver.

 

“We are thrilled to welcome AMG National Trust to our expanding list of bank partners that enable us to offer world-class financial services to our customers,” said Synapse CEO and co-founder, Sankaet Pathak. “As a regulated embedded finance provider, Synapse can offer the best terms and services from across our bank partner ecosystem to fintech companies and enterprises. We look forward to collaborating with AMG to further strengthen the value we deliver to our customers, while supporting their endeavors to provide digital financial services to the fintech industry.”

 

“We are excited about partnering with Synapse,” said Sheryl Bollinger, President and CEO of AMG. “Since our inception, AMG has been committed to growing and evolving our business to meet the needs of our clients. With our size, independence, and diverse range of products, we are well-positioned to partner with Synapse to enable critical capabilities for its customers.”

 

The broker dealer and credit companies of Synapse will work with AMG as a partner bank to provide services such virtual account issuance, BIN sponsorship, and payment processing.

 

Synapse is uniquely positioned to provide cash management programmes and modular banking, an infrastructure that sources specialised services across multiple bank partners to deliver them collectively as a complete offering to all fintech and enterprise customers. Synapse is a regulated member of FINRA and SIPC and an affiliated broker-dealer.