I think Evolve/Synapse and the fog surrounding the responsible parties, along with complete radio silence on persons responsible (almost as if newsmedia has been given a gag order) has completely kneecapped bank competition for a half-decade at least.

If it takes experts to explain how Evolve/Synapse happened, why it couldnt happen to another "Fintech bank", and how to tell if you are at risk...then there is no point even venturing past Chase/BoA/Citi/your local bank.

https://www.reuters.com/business/finance/fed-penalizes-evolv...