Halcyon Announces Strategic Partnership with DataVerify

Banking-as-a-service compliance requirements are fundamentally reshaping fintech partnerships in 2025. Following high-profile regulatory actions against Synapse Financial Technologies and Blue Ridge Bank, the “growth at all costs” mentality has given way to a compliance-first framework—and the verification infrastructure that supports it is no longer optional.

Excerpt
Synthetic identity fraud costs U.S. banks an estimated $3.2 billion annually — and commercial accounts are the highest-risk target. Learn how these patient, methodical schemes work, what FinCEN’s 2024 advisory requires your institution to detect, and how multi-point identity validation stops synthetic identities before they open accounts.