Tagged: new york

Bitcoin (BTC) has Become Less Volatile than Many S&P 500 Stocks, As it Approaches its All-Time High of Nearly $20,000

Bitcoin (BTC), the world’s leading digital currency that’s trading at over $18,000, has become less volatile than many S&P 500 stocks. The team at VanEck, a New York-based investment management firm, has noted: “Historically, Bitcoin has been discussed in the news and among investors as… Read More

Digital Banking: Luvleen Sidhu, CEO at BankMobile, Claims Online Banks Might be Even Safer than Physical Branches

Luvleen Sidhu, Co-Founder and CEO at BankMobile, an established US-based digital banking platform, reveals that she was only 28-years-old when she had launched BankMobile Technologies, which will be acquired by Megalith Financial Acquisition Corporation (NYSE:MFAC) (as reported in August 2020). In only six years, the… Read More

Fintech Innovation Lab in New York Is Accepting Applications for 2021 Training Programs

Although the COVID-19 pandemic has affected the business operations of small and large companies across the globe, it has also accelerated the adoption of all-digital platforms and services. Large banks like Santander and the Lloyds Banking Group have shut down many physical branch locations as… Read More

DTCC Survey: Certain Post-Trade Processing Costs for Cash Securities at Broker-Dealers May be Reduced by 25% via Automation

New York-based Depository Trust & Clearing Corporation (DTCC), a post-trade financial services firm offering clearing and settlement services to the capital markets, recently published the findings of a survey of nine major broker-dealer companies. The survey’s results revealed that various post-trade processing costs for cash… Read More

Former NYSE President Tom Farley, Files for Second SPAC to Acquire a Fintech, Seeks $550 Million

The former NYSE President Tom Farley has filed for a second Special Purpose Acquisition Company (SPAC) initial public offering (IPO). Once again, Farley will be gunning for a Fintech, according to a post on Renaissance Capital. Previously, Farley’s Far Peak Acquisition (NYSE: FPAC) closed on the… Read More

Fintech Firm Lightico, which Helps Banks Handle Forms, Official Documents, Payments, Secures $13 Million in Capital

New York based Lightico, a startup that assists companies and banking institutions with collecting items such as forms, signatures, official documents, and payments from clients via digital platforms, has secured $13 million through an investment round that was led by Oxx.  Capital One Ventures and… Read More

Nasdaq CEO Adena Friedman Reveals that the Stock Exchange Is Embarking on a Cloud Centric Strategy

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that Nasdaq began transforming financial markets with the launch of the very first electronic stock market back in 1971. Friedman notes: “From day one,… Read More

Insurtech Vouch Expands Coverage to New York’s Startups

​Vouch Insurance​, a business Insurtech platform for startups, has expanded its coverage into New York, according to a release. Vouch notes that in New York there are over 9,000 startups valued at $147 billion. The New York expansion marks a major milestone in Vouch’s growth,… Read More

New York Department of Financial Services Schedules First Techsprint, Will Focus on Virtual Currency Firms

  The New York Department of Financial Services (DFS) has scheduled its first-ever “Techsprint” that will take place in 2021. The event will focus on digital regulatory reporting for virtual currency companies. As New York is a global financial hub, many Fintech firms are based… Read More

Sean Lippel, a VC and Digital Asset Investor at Fintech Collective, Explains Why His Firm Invested in NYDIG

Sean Lippel, a VC and crypto-asset investor at Fintech Collective, a New York-based firm backing initiatives that “reimagine” how money moves in a digital environment, says that the future of institutional digital asset management has already arrived. Lippel claims that if portfolio managers allocate around… Read More

Chainalysis Expands Washington DC Operations, Hires New Legal Affairs Chief, Other Key Appointments, Reports Signficant Revenue Growth

Washington DC Capitol

Chainalysis, a leading blockchain analysis firm, has revealed that it managed to grow its revenue 100% year-over-year. The New York-based firm says it’s now preparing for an expected surge in private sector business. Chainalysis claims that it has managed to grow its customer base by… Read More

Bitcoin Is the “Most Compelling” Monetary Asset to Emerge Since Gold, According to New York based Institutional Investor

ARK Invest, an established institutional investor in Bitcoin (BTC), the flagship cryptocurrency, states that it believes the digital asset is “creating the possibility of a global monetary system controlled not by nation-states but by individuals.” ARK Invest notes in a comprehensive report that by “eliminating… Read More

Digital Asset Financial Service Provider BitGo Applies for NY Trust Charter From the New York State Department of Financial Services

BitGo, digital asset financial services provider, announced on Wednesday it has formally applied before the New York State Department of Financial Services (NYDFS) for a New York Trust to operate as an independent, regulated qualified custodian under New York State Banking Law. BitGo reported that… Read More

New York based Blockchain Firm ConsenSys Acquires JP Morgan’s Quorum, a Permissioned Version of Ethereum

Brooklyn, New York based ConsenSys, a blockchain software company focused on Ethereum (ETH) development, has acquired JPMorgan’s (NYSE: JPM) Quorum, which aims to serve as an enterprise-variant or version of the Ethereum protocol. As mentioned in a release shared with CI, even before the first… Read More

New York’s Crypto Friendly Signature Bank Reveals $8 Billion in Deposit Growth this Quarter, with 2.5% of them from Blockchain Firms

New York-based Signature Bank (Nasdaq: SBNY), a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reported consistent and steady growth this quarter. According to the bank’s recent earnings call, it has achieved around $8 billion in deposit growth. Approximately 2.5% of these… Read More

New York Supreme Court Rejects Crypto Exchange Bitfinex and Parent Co. iFinex’s Appeal Involving $850 Million in Lost Funds

A US state appeals court on July 9, 2020 confirmed that it will be siding with the New York Office of the Attorney General (NYAG) as it aims to obtain documents, involving an investigation, from Bitfinex, a major digital asset exchange, and its sister company… Read More

There are Over 30 Partner Banks Representing Hundreds of Fintech Relationships, Rex Salisbury, Partner at a16z Reveals

Rex Salisbury, partner on the Fintech team at VC firm Andreessen Horowitz (A16Z) and founder of Cambrian, a community at the “white-hot center” of Fintech, reveals that partner banks have “exploded” in recent years. Salisbury confirmed that today, there are over 30 partner banks, which… Read More

London Stock Exchange Group Partner, Global Accelerated Ventures’ CEO Christopher Malters Explains what his Organization is Doing to Help Fintechs After COVID-19 has Passed

  The London Stock Exchange Group (LSEG) and Global Accelerated Ventures (GAV) recently introduced a post-COVID-19 fundraising program that aims to assist Fintech and Healthtech firms that might need additional capital to support their growth and development after the pandemic has passed. The 24-month program… Read More

Digital Bank Current CEO Stuart Sopp Says Fintech Firm will Remain Focused on Spending, as Large Banks Already “Great” at Lending, Deposits

Stuart Sopp, founder and CEO at digital bank Current, says that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. Sopp told Banking Dive that his members’ addressable market has increased considerably in size and… Read More

New York Department of Financial Services Signs Fintech focused MoU with French Prudential Supervision and Resolution Authority

The New York Department of Financial Services (NYDFS) has reportedly become the first state regulator to commit to a Fintech Memorandum of Understanding (MOU) with the French Prudential Supervision and Resolution Authority, an independent administrative authority, which oversees the activities of banking institutions and insurance… Read More

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