When foreign exchange transactions executed for mutual funds, pension plans, and endowments don’t occur at the interbank rate, investors and beneficiaries lose out. A lack of oversight and a lack of transparency mean the costs of surprisingly wide FX spreads … READ MORE
COMMENTS [ 0 ]2020 was a wretched year by every measure except this one: 46 Boston-based fintech firms raised more than $1.12 billion in private equity and venture capital — significantly more than any previous year except 2018 (the year SoftBank dropped $500 million on … READ MORE
COMMENTS [ 0 ]Parametric insurance pays out when a pre-defined event occurs as measured by a specified figure, figures, or index. It has traditionally been used in agriculture and by insurance companies to cover natural catastrophes, including hurricanes, cyclones, and earthquakes (think CAT … READ MORE
COMMENTS [ ]Jen Marino was most recently the Chief Marketing and Customer Officer at Rockland Trust Company, where she led the company’s branding, communications, strategic planning, and customer experience efforts. Rockland Trust is a $11.5 billion community-oriented commercial bank serving eastern and … READ MORE
COMMENTS [ 0 ]Founded in September of 2018 by Helena Mueller, Johan Pihl, Mathias Wikström, Fredrik Lagertrad, and Nathalie Green, Doconomy is a mobile banking service developed to inspire changes in consumer behavior to reduce unsustainable consumption and carbon emissions. Doconomy bills itself as a … READ MORE
COMMENTS [ ]Brewer Lane Venture is a new, Boston-based VC firm focused on early-stage InsurTech and FinTech startups. Former New York Life President and Chief Investment Officer John Kim is the founder, and veteran investor Martha Notaras joined the firm in January as … READ MORE
COMMENTS [ 0 ]Scarlett Sieber is Managing Director, Chief Strategy and Innovation Officer at Catalyst Consulting Group (“CCG”), a management consulting firm that advises clients on the direction of banking and helps them develop strategies that deliver profitable growth and competitive advantage. Scarlett is … READ MORE
COMMENTS [ 0 ]I’m a booster of accelerator participation for FinTech startups, particularly participation in vertically focused accelerators. B2B FinTech startups generally mature a little later than other types of tech startups and I believe they also benefit from a focus on industry-specific … READ MORE
COMMENTS [ 0 ]There were at least 35 financing events resulting in more than $540 million in capital raised by Boston-area FinTech startups in 2019 — significantly more than any previous year except 2018 when Cambridge Mobile Telematics raised $500 million (all from Softbank) on … READ MORE
COMMENTS [ ]This is the second half of our interview with Kristen Tyrell, co-founder and CEO of Catch, which is building a portable benefits platform for workers who don’t receive their benefits from an employer. (Find the first half here.) Q. Can you measure … READ MORE
COMMENTS [ 0 ]“I’m not even sure what I want, but that’s not the point – it’s that I want it now.”
“Whenever the old gives way to the new, everybody with vested interests in the old starts crying that the world will stop. There aren’t many people with vested interests in the new.”
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.”
“All you need in this life is ignorance and confidence, and then success is sure.”
Allianz Global Investors U.S. to pay > $1B in fines, parent company to pay > $5B in restitution to victims. Firm to be prohibited from providing advisory services to U.S. registered investment funds for 10 years. https://bit.ly/3wzC3F8
🍿 https://twitter.com/SDNYnews/status/1526572962207383555
Press conference today at 11:30am to announce the indictment of Gregoire Tournant, the former chief investment officer for a series of funds at Allianz Global Investors US LLC (“AGI US”), for conspiracy, securities fraud, investment advisor fraud, and obstruction of justice
This is a company that's making a difference.
Looking for a killer operations person to be my right hand. Can be left handed.
Who's the best?
BofA fined for unlawfully garnishing customer accounts, inserting unenforceable language into customer contracts, and misleading customers regarding its unlawful activity. It also has to make customers whole. https://bit.ly/3w98Wte Who ran this department?
I'm guessing there's zero chance they won't use the new data for ad targeting down the road.
https://techcrunch.com/2022/05/11/google-chrome-adds-virtual-credit-card-numbers-to-keep-your-real-ones-safe/amp/
