Tagged: new york

Decentralized Finance Ecosystem Passes Resiliency Threshold, will Return to Upward Trend Following COVID-19, Report Predicts

Brooklyn, New York-based ConsenSys, a leading Ethereum (ETH) development studio, has published a new report which covers major decentralized finance (DeFi) protocols and their performance during the first quarter of 2020. The report notes that two key events defined decentralized finance during the first three… Read More

US Department of Justice Alleges that President Nicolas Maduro and other Venezuelan Leaders Used Cryptocurrencies to Bypass Political and Economic Sanctions

The US Department of Justice (DOJ) is alleging that several Venezuelan leaders and politicians, including President Nicolas Maduro, took advantage of their positions, financial systems, and virtual currencies to conceal and carry out criminal activity for more than two decades. An indictment released on March… Read More

Fintech OLB Group, a Digital Commerce Solution Provider, Introduces Measures to Help Reduce Spread of Coronavirus

New York-based Fintech OLB Group, a digital commerce solution provider that offers outsourced private label shopping solutions to large websites and retail outlets, has introduced measures and initiatives to help reduce their risks and to ensure stakeholder protection as the coronavirus (COVID-19) outbreak continues to… Read More

Leading Financial Trading Technology Firm TradingView Moves Head Offices from New York to London

A leading financial trading technology firm has shifted its business operations from its New York head offices to London. Established in 2011 by three Russian businessmen, TradingView has become the largest online community of private investors in the world, with reportedly more than 10 million… Read More

Digital Trade Finance: Giant Banking Group, Emirates NBD, Uses Fintech LiquidX’s Network to Sell Commodities 

New York-headquartered LiquidX, a globally accessible network for illiquid assets, recently revealed that it has added Emirates NBD to its network. Emirates NBD is a Dubai government-owned banking institution and one of the largest financial institutions in the Middle East in terms of total assets… Read More

Regtech: Glasgow-based AutoRek Partners with Nationwide to Offer Data Management and Cloud-powered Financial Controls

Glasgow-headquartered AutoRek, a firm that provides financial controls and regulatory reporting software, has teamed up with Nationwide to offer a data management solution and cloud-powered financial controls for a three-year period, with a two-year extension plan. Gordon McHarg, managing director at AutoRek, stated: “I am… Read More

Insurtech NY Announces Global Insurtech Competition Finalists

InsurTech NY, an insurtech community that is located in the New York metro area, announces the finalists of its 2020 InsurTech Competition. The organization reported that more than 200 startups applied to compete in a two-track competition, pitting early and growth-stage companies against each other, for over $300,000 in… Read More

Mantl, a Developer of Account Creation Software for Small Banks, Secures $8 Million via Round Led by Point72 Ventures

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

NY Insurtech Blackboard Receives Commercial Insurance Approval in Virginia

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

Lendio Set to Host Inaugural Women in Business Empowerment Workshop in NYC

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

New York-based Tech Giant IBM Acquires Patent for Developing “Self-Aware” Token

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

HAB Bank Teams Up with Jack Henry to Enhance Commercial Lending Process by Offering All-Digital Loan Origination

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

Cashless Society? Not in New York as City Votes to Ban No Cash Stores as 12% of New Yorkers are Under-Banked

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

New York-based Fintech AllocateRite’s Portfolio Management Strategies Now Available via iOS and Android Mobile App

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

InsurTechNY Announces New Global InsurTech Competition

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

Crypto Trading Software Developer CoinRoutes Saw Over $1 Billion Worth of Digital Assets in Order Flow on its Platform in 2019

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

IBM Teams Up with Argentine Chamber of Fintech to Support Digital Transformation Efforts in Country’s Banking Sector

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

Regtech: NYDFS Is Reportedly Planning to Hire a Director to Help the Regulator Design, Implement, and Manage a Regulatory technology Platform

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

SoFi Receives Approval From New York State Department of Financial Services For BitLicense Application

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

FinTech Innovation Lab New York Opens Applications for 2020 Class

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

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