Today we’re talking about a major collapse this year in fintech, as described in a Planet Money episode and through the work of Jason Mikula (Fintech Business Weekly), who’s been following the saga of Synapse for months. Both media recs paint a vivid picture of the fragility of regulatory systems around modern banking, and the mess of alternatives it contains.

#Economics #Finance #BetterWorldsTheory
https://mlclark.substack.com/p/two-takes-on-the-rise-of-pseudo-banks