Blockchain technology, with distributed-ledger potential that has excited much of the financial services world, has gotten a big boost from the Linux Foundation, the San Francisco-based open source nonprofit founded in 2000, which reports the launch of a broadly based open source initiative. “The project will develop an enterprise grade, open source distributed ledger framework… Read More >>
Boom Years Ahead for FinTech, Report Says
After a long period of relative obscurity, the financial technology (FinTech) sector is finally coming into the spotlight, attracting enough attention and startup capital to suggest big changes could lie just over the horizon. For proof, just follow the money. In 2013, global investment in FinTech stood at just $4.05 billion. Last year it exploded,… Read More >>
TowerPoint Promotes for MD Post
Institutional investor TowerPoint Capital has promoted Saat Shaikh to the position of managing director, officials say. Shaikh joined TowerPoint earlier this year and currently oversees the finance and accounting functions. Prior to joining TowerPoint, he was a member of the technology investment banking group at William Blair and Co., where he advised on over $4… Read More >>
NYC FinTech Lab Calls for Entries
New York’s FinTech Innovation Lab, co-founded by Accenture ACN and the Partnership Fund for New York City, is now accepting applications for its fifth annual, 12-week program to “help early- and growth-stage financial technology (fintech) companies accelerate product and business development by gaining exposure to top bank and venture capital executives,” according to the Lab’s… Read More >>
FinTech Incubators Bring Back Innovation
Regulatory compliance doesn’t usually make for scintillating dinner party conversation, but that’s how Adam Sodowick, founder and CEO of gamification training and data analytics vendor True Office, got his big break. He’d just started his company about a year and a half ago and was trying to figure out his next move when Sodowick bumped… Read More >>
Mary Schapiro Goes Private as Barclays Bolsters its Cash Management Team
Mary Schapiro Crosses the Aisle to Join Promontory Mary Schapiro, the former chairman of the SEC, has crossed the aisle to the private sector and joined consultancy Promontory Financial Group as managing director and chairman of the governance and markets practice, say officials.The Washington, D.C.-based Promontory, which offers strategy, risk management, regulatory, and compliance consulting,… Read More >>
