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I've seen plenty of these services. Why haven't banks stepped in and offered something here? KYC laws to onerous? Standard Bank slowness to adopt tech? I'm rea

• mike_d 2y ago
  > Why haven't banks stepped in and offered something here? Real banks won't do business with unregulated/unlicensed entities. That is why "fintech" is all built on top of random banks you've never heard of. There are plenty of wealth management companies, family office management platforms, etc. that have proper licensing that get extensive access to advanced banking APIs at the "household name" banks.
  • rvnx 2y ago
    Mercury seemed to use Synapse and they migrated away successfully right before the meltdown ? I wonder what saved them ? If it's good timing or some better IT organization.
    • toomuchtodo 2y ago
      Based on everything public, it appears Evolve knew Synapse was going to collapse due to systemic issues and went directly to Mercury to maintain the relationship.
  • fragmede 2y ago
    At the family office scale, are you sure those APIs aren't Actually People, It seems?