Banking Dive featured Sankaet Pathak, CEO and co-founder of Synapse, in an article that highlighted Synapse and the latest addition to its modular banking partnerships. Synapse announced its partnership with AMG National Trust, a Denver-based wealth manager and national bank. The article also featured the Synapse FastTrack Program and updated milestone achievements for its Global Cash product.
AMG will serve as a partner bank to Synapse’s broker dealer and credit entities, providing services to Synapse like virtual account issuance, BIN sponsorship, and payment processing. AMG will also provide custody to non-U.S. individuals in U.S. dollars at the bank, allowing consumers and businesses facing high inflation in countries like Argentina and Brazil to be able to hold USD.