Tagged: new york

February 26, 2020 @ 3:52 pm By Omar Faridi  |  

Mantl, a developer of account creation software for financial institutions and credit unions, confirmed recently that it has secured $8 million through a Series A funding round led by Point72 Ventures, an early-stage VC strategy financed by Steve Cohen, a billionaire hedge fund manager, and… Read More

February 25, 2020 @ 2:47 pm By Samantha Hurst  |  

Blackboard Insurance, a NY-based insurtech platform, recently announced it has received the approval for its commercial insurance package in Virginia. According to Blackboard, the approval will bring capabilities to middle-market customers in 47 states and territories. Speaking about the approval, Seraina Macia, CEO of Blackboard,… Read More

February 14, 2020 @ 1:12 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Thursday it is set to host its inaugural Women in Business Empowerment Workshop. According to Lendio, the workshop designed to address the challenges faced by female entrepreneurs and will provide insight into what it takes to set up a… Read More

January 29, 2020 @ 2:23 am By Omar Faridi  |  

New York-based tech giant IBM has reportedly acquired a patent for the implementation of a “self-aware token,” which will be developed specifically to record events of offline transactions. According to a document submitted to the US Patent and Trademark Office, the self-aware token will be… Read More

January 25, 2020 @ 12:36 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. has confirmed that its division ProfitStars’s suite was used by Habib American Bank (HAB Bank) to develop its Commercial Lending Center Suite. The suite will improve the institution’s commercial lending business, enhance operational efficiencies and help offer a better experience… Read More

January 23, 2020 @ 9:06 pm By JD Alois  |  

While we read all of the time as to how cash – dollars, pounds, euros, whatever, are becoming less and less popular, New York City, the financial center of the universe is banning stores from becoming no-cash operations. To quote the approved local law: “This… Read More

January 23, 2020 @ 10:28 am By Omar Faridi  |  

New York-based AllocateRite, a Fintech and data science firm that offers exchange-traded-funds (ETF)-based dynamic asset allocation options and risk analytics services, recently confirmed that its portfolio management and asset allocation strategies will be available via iOS and Android mobile devices. AllocateRite’s mobile app will be… Read More

January 8, 2020 @ 12:46 pm By Samantha Hurst  |  

InsurTechNY, an InsurTech community that is based in the New York metro area, announced on Tuesday it has opened applications for the 2020 InsurTech Startup Competition. According to InsurTechNY, the competition has two tracks and will award $300,000 in prizes to the six winning teams. Startups in… Read More

January 2, 2020 @ 1:17 am By Omar Faridi  |  

New York-headquartered trading software developer CoinRoutes revealed on December 30 that the firm saw over $1 billion worth of crypto-assets in order flow on its platform during 2019. CoinRoutes, which creates algorithmic trading software tools for digital assets, noted that it had handled over 21,000… Read More

December 31, 2019 @ 1:04 pm By Omar Faridi  |  

New York-based tech giant IBM and the Argentine Chamber of Fintech have entered an agreement to support various innovative projects and digital transformation initiatives in Argentina’s financial technology and banking sector. IBM will reportedly support the chamber in developing activities to promote Fintech-related projects such… Read More

December 28, 2019 @ 8:53 am By Omar Faridi  |  

The New York Department of Financial Services (NYDFS), the financial and digital currency regulator for the state of New York, appears to be to developing regulatory technology (Regtech) solutions in order to enhance its existing oversight and supervising capabilities. The NYDFS is reportedly looking for… Read More

December 3, 2019 @ 11:11 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Tuesday the New York State Department of Financial Services has approved its bitlicense application, allowing SoFi Invest customers in New York to trade cryptocurrencies on its platform through SoFi Digital Assets, LLC. SoFi revealed that the bitlicense approval comes just… Read More

October 21, 2019 @ 9:03 am By Samantha Hurst  |  

FinTech Innovation Lab New York, a 12-week program co-founded by Accenture (NYSE: ACN) and the Partnership Fund for New York City, announced on Monday it has opened applications for its 2020 class. According to its creators, the FinTech Innovation Lab is designed for entrepreneurs developing disruptive… Read More

September 5, 2019 @ 2:44 pm By Samantha Hurst  |  

Superintendent of Financial Services Linda A. Lacewell announced on Thursday the New York State Department of Financial Services (DFS) has authorized Paxos Trust Company LLC to offer a gold-backed virtual currency. Lacewell reported that this is the first gold-backed virtual currency that is being offered… Read More

August 28, 2019 @ 7:46 am By Cali Haan  |  

Andrew M Cuomo, Governor of the State of New York, has signed legislation restoring the statute of limitations pertaining to the state’s powerful Martin Act securities laws to six years from three. The previous six-year statute, which lawyers Wes Scott and Ryan Franklin say applied… Read More

July 30, 2019 @ 11:32 pm By Cali Haan  |  

Tenacious and liquid crypto exchange Bitfinex and affiliate companies had hoped that a fraud case brought against them by the New York Attorney General (NYAG) would be wrapped up this week. Instead, a formerly sympathetic judge has granted an extension, The Block reports. Bitfinex, iFinex, and… Read More

July 24, 2019 @ 10:26 pm By Cali Haan  |  

One year ago, former NYDFS (New York Department of Financial Services) Superintendent Maria T Vullo, issued a statement in which she said her organization, which regulate New York financial markets, “fiercely opposes the Department of Treasury’s endorsement of regulatory ‘sandboxes’ for financial technology companies.” Vullo’s strong… Read More

July 15, 2019 @ 11:51 am By Samantha Hurst  |  

New York State Department of Financial Services (DFS) announced on Monday it has approved the applications of Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC for virtual currency licenses and has approved Zero Hash for a money transmitter license. SCXM and Zero Hash… Read More

May 14, 2019 @ 10:50 am By Samantha Hurst  |  

Cryptocurrency exchange Coinbase announced on Monday it has launched trading support for XRP for New York state residents. The announcement was made through the platform’s Twitter account. The tweet revealed: XRP (XRP) is now available to Coinbase users who are New York residents. New Yorkers… Read More

May 6, 2019 @ 9:40 am By Cali Haan  |  

The US government has asked a judge in Arizona to detain Reginald Fowler, 60, who was arrested April 30th and charged with bank fraud, operation of an unlicensed money transmitting business and conspiracy for allegedly providing “shadow banking” services to cryptocurrency exchanges. Regarding the case, the… Read More