Tagged: new york

January 5, 2021 @ 9:44 am By Samantha Hurst  |  

    InsurTech NY, an insurtech community that is located in the New York metro area, announced on Tuesday it has opened the application window for their annual .2021 InsurTech Early-Stage Competition. According to InsurTech NY, the competition will award $200,000 in prizes to three winning… Read More

January 3, 2021 @ 10:30 pm By Omar Faridi  |  

Google Pay for Android and iOS users now lets people see how much money they’ve spent during 2020. The expense tracking feature allows consumers to get a rough idea or estimate of their spending habits throughout the last year. Google Pay will also show users… Read More

December 16, 2020 @ 10:45 pm By Omar Faridi  |  

New York-based tech giant IBM Corp. (NYSE:IBM) has acquired Expertus Technologies Inc., a Canadian Fintech company that assists clients with processing over $50 billion in transactions per day. IBM bought the company so that it could enhance its electronic-payments capabilities. Expertus has now been added… Read More

December 16, 2020 @ 7:53 am By Omar Faridi  |  

US-based Public, the provider of a commission-free social investing app, has reportedly finalized a $65 million Series C investment round that was led by Accel. American professional skateboarder Tony Hawk also took part in the round. Advancit Capital, Greycroft, Lakestar, business executive Richard Parsons, and… Read More

December 15, 2020 @ 9:55 pm By Omar Faridi  |  

EMTECH has introduced its “pilot-ready” innovation and regulatory compliance platform, the Modern Central Bank Sandbox, which will focus on serving reserve banks that are planning to “streamline regulatory reviews,” work with innovators on emerging technology (EmTech), or safely test their Central Bank Digital Currencies (CBDC)…. Read More

December 9, 2020 @ 10:57 pm By Omar Faridi  |  

Fintech firm iCapital is currently working on its global expansion plans. Lawrence Calcano, CEO at iCapital, recently talked about the company’s growth plans, the markets they plan to enter, and how newly hired workers and office locations are part of the firm’s long-term business strategy…. Read More

December 4, 2020 @ 7:51 am By Omar Faridi  |  

We recently connected with Scott Freeman, Co-Founder and Partner at JST Capital, a New York-based financial services firm currently focused on the digital asset market. The partners of JST have spent more than twenty years working in the traditional financial services sector. They’ve now entered… Read More

November 22, 2020 @ 11:50 am By Omar Faridi  |  

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

November 21, 2020 @ 3:31 pm By Omar Faridi  |  

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

November 21, 2020 @ 2:43 pm By Omar Faridi  |  

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

November 19, 2020 @ 10:07 pm By Omar Faridi  |  

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

November 17, 2020 @ 8:43 am By Omar Faridi  |  

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

November 11, 2020 @ 10:45 pm By Omar Faridi  |  

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

October 23, 2020 @ 6:39 pm By Omar Faridi  |  

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

October 20, 2020 @ 1:00 pm By JD Alois  |  

​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

October 15, 2020 @ 10:30 am By JD Alois  |  

  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

October 14, 2020 @ 11:46 pm By Omar Faridi  |  

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

October 14, 2020 @ 9:41 am By Omar Faridi  |  

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

September 7, 2020 @ 8:08 am By Omar Faridi  |  

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

August 26, 2020 @ 11:03 am By Samantha Hurst  |  

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