Synapse's Sankaet Pathak: Fintech should focus on building products that fill a larger need

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Welcome to the Tearsheet Podcast. I’m Zack Miller. As favorite apps like Uber and Doordash incorporate new financial services, the spotlight is being increasingly shone on the companies powering the trend towards finance everywhere. Banking as a Service firms are turning every company into a bank. Synapse is one of the companies leading this charge. The company has found a way to power open banking so that any developer can use a few lines of its code to offer deposit accounts, issue cards, or offer loans. Synapse’s CEO Sankaet Pathak joins me on the podcast to discuss what he sees as fintech’s biggest challenges in launching new products. I ask about his prioritization of new products — what does he decide to build and when? Not many financial services firms publish their product roadmaps publicly. Synapse has and we discuss that decision, too. Synapse’s Sankaet Pathak is my guest on the Tearsheet Podcast. I’d like to thank our sponsor MX for supporting Tearsheet’s work. MX is the leading data platform for banks, credit unions and fintechs, enabling its clients and partners to easily collect, enhance, analyze, present and act on financial data.

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