California Says Yotta Misled Customers Before Synapse Collapse

California regulators have ordered FinTech Yotta Technologies to pay $1 million, adding another enforcement action to the long fallout from the collapse of banking-as-a-service middleman Synapse . Yotta’s model mixed savings with gamification. The company offered sweepstakes games and prizes to customers who opened savings accounts, a pitch designed to make saving money feel more engaging.