Tagged: boston

Crypto.com Collaborates With Boston Consulting Group to Release Decentralized Finance Report

Hong Kong-based cryptocurrency platform Crypto.com announced on Thursday it has teamed up with Boston Consulting Group (BCG) to release a new decentralized finance (DeFi) report. According to the duo, “The Sudden Rise of DeFi: Opportunities and Risks for Financial Services” explores the factors driving the… Read More

The Federal Reserve Bank of Boston Joins Forces With MIT For Digital Currency Research

The Federal Reserve Bank of Boston announced on Thursday it has formed a multi-year partnership with the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) for research related to a central bank digital currency. According to the organization, this research project will explore… Read More

Nasdaq listed First Foundation to Expand its Digital Bank by using Digital Onboarding’s Client Engagement and Communication Platform

First Foundation Inc. (NASDAQ: FFWM), a company that provides banking, real estate financing, wealth management and trust services, has announced that it’s expanding its digital bank. First Foundation confirmed that it will work with Digital Onboarding (the company) as its “go-to digital client engagement and… Read More

Brazil’s Largest Retailer Via Varejo Acquires Boston-based Fintech AirFox for Undisclosed Amount

Via Varejo, the largest retail company in Brazil, has confirmed that it will be acquiring AirFox, a US-based Fintech firm. The amount involved in the transaction has not been disclosed. AirFox will maintain its Boston head offices and will also operate as a Fintech “innovation… Read More

Boston-based Fintech Flywire to Lay Off 12% of Staff Due to Challenges Related to COVID-19

Boston-based Fintech firm Flywire recently confirmed that it will be downsizing its operations, due to the COVID-19 outbreak and resulting economic challenges. The payment processing firm reportedly laid off 12% of its workers (around 60 employees), according to estimates from industry participants. Flywire will also… Read More

Fidelity Digital Assets Expands Cryptocurrency Trading Platform Due to New Client Requests Following COVID-19 Outbreak

Fidelity Digital Assets, the cryptocurrency division of Fidelity, a multi-trillion dollar asset manager, is reportedly planning to expand its range of products and services. The firm’s decision to introduce new services has come at a time when it has been experiencing  a significant increase in… Read More

Report: Circle Internet Financial May Sell SeedInvest, its Crowdfunding Division

Circle Internet Financial is reportedly looking for a buyer for SeedInvest, its crowdfunding division, as the Boston-headquartered crypto firm aims to focus more on its stablecoin business, according to the Block. This is notably Circle’s latest downsizing move, which began in 2019 when the firm… Read More

Fidelity Digital Assets to Offer Custody Services for Bitcoin Held by UK’s Nickel Digital Asset Management

Fidelity Digital Assets, the crypto investment arm of Fidelity Investments, a Boston, Massachusetts-based multinational financial services corporation with over $2.4 trillion of assets under management, is planning to offer custody services for Bitcoin (BTC) held by UK-based cryptocurrency investment company Nickel Digital Asset Management. Established… Read More

Insurtech: Boston-based Corvus Insurance Secures $31 Million According to SEC Filing

Boston-headquartered Corvus Insurance, a company that offers artificial intelligence (AI)-enhanced cyber insurance policies for firms, has sold shares worth around $31 million in a $33 million investment round, a US Securities and Exchange (SEC) filing confirmed. Corvus Insurance, which is notably one of BostInno’s 50… Read More

The 2019 New England Venture Summit – Boston

The 14th annual conference will showcase more than 100 of the hottest early-stage and emerging-growth technology, clean-tech, life sciences/healthcare, medical devices, fintech, healthcare IT, and mobile innovators. If you are a startup seeking capital and/or partnerships, submit your plan for the opportunity to present at… Read More

Hopsters Brewery’s Wicked Awesome Wefunder Crowdfunding Update

Something’s brewing in Boston… Just two years ago Hopsters Brewery celebrated investors pouring in $2 million in its first Wefunder crowdfunding campaign. Just a few weeks ago Hopsters Brewery initiated its second Wefunder Reg CF round, this time seeking $1,070,000 to scale up in a new… Read More

Boston Fintech Week 2018

VOL•A•TIL•I•TY TO CHANGE RAPIDLY & SOMETIMES, UNPREDICTABLY Fasten Your Seat Belts Volatility is back and we don’t just mean in the markets. Join us for an exciting week diving deep and interacting with experts working in and building great tech for financial services. Over 2,000… Read More

Boston’s DCU FinTech Innovation Center Announces Summer 2018 Cohort

The DCU FinTech Innovation Center, a program focused exclusively on fostering pre-seed and seed-stage financial technology companies in New England, announced on Thursday the ten new start-up ventures in its Summer 2018 cohort. As previously reported, the Center is fully funded by Digital Federal Credit Union and… Read More

MassChallenge Debuts New Fintech Accelerator in Boston

MassChallenge, a global network of zero-equity startup accelerators, announced on Tuesday it will launch its newest vertical accelerator to support and grow startups in the fintech industry. According to MassChallenge, the MassChallenge Fintech, which will be headquartered in Boston, will match later-stage fintech startups with… Read More

EY Americas Tax Innovative Foundry Set to Host FinTech Pitch Day in Boston

On Wednesday, the EY Americas Tax Innovation Foundry announced plans to host a FinTech Pitch Day on June 28th at District Hall in Boston. EY reported it is inviting fintech startups from around the globe to pitch disruptive technology solutions. Twelve applicants will be selected to present to EY… Read More

Fintech Firm FinMason Names David Remstein As First President & COO

On Thursday, Boston-based fintech FinMason announced it has appointed David Remstein as its first president and COO. According to FinMason, Remstein will be responsible for driving planning and managing the growth of the company in terms of personnel, clients, products, and geographies. The new president/COO… Read More

Coinsource Branches Out into Massachusetts, Little Rhody & New Hampshire: Wicked Awesome

Coinsource, reportedly the world’s largest Bitcoin ATM network, has expanded its services to the Northeast, unveiling 10 new machines in Massachusetts, Rhode Island and New Hampshire.  The introduction, due to increasingly high-demand from Bitcoin users, comes two weeks after Coinsource made the pivot from using… Read More

Accenture Opens New Innovation Hub in Boston

Accenture (NYSE: ACN) announced on Tuesday it has opened its new innovation hub in Boston’s Back Bay as part of its accelerated innovation investment in the U.S. The company revealed it plans to add 400 technology jobs in the city by the end of 2020. It… Read More

Boston Fintech Bison Completes New Investment Round Led By FINTOP Capital

Bison, a Boston-based fintech company focused on developing innovative software solutions for the private markets, has closed a funding round led by FINTOP Capital with participating from existing investors, including Hamilton Lane (NASDAQ: HLNE) and GrandBanks Capital. Along with the investment, Bison also announced Rick Kushel, General Partner… Read More

GSVLabs Launches Boston Hub & Announces Winners of the Boston Startup Challenge

California-based startups innovation hub GSVlabs announced on Thursday the launch of its new Boston platform. This news comes just a few months after the hub sought growth funding through its equity crowdfunding campaign on Indiegogo/Microventures. As previously reported, GSVlabs was founded in 2012 and engages with startups, corporations, international… Read More

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