Verification of customers and counterparties is vital in financial services. Identity defines and permits the relationship between financial services providers and their clients. But, according to the World Economic Forum: “Current identity systems are limiting Fintech innovation as well as … READ MORE
COMMENTS [ 0 ]In April of 2014, Eastern Bank, the largest community bank in Massachusetts with approximately $9.8 billion in assets and the largest and oldest mutual bank in the country, hired the team behind virtual banking startup PerkStreet and created Eastern Labs, … READ MORE
COMMENTS [ 0 ]Greater Boston, by my definition, runs from Portland to Providence and as far west as Worcester. By my calculations, 21 FinTech startups in the greater Boston area raised north of $248 million from investors in 2016. This is up substantially … READ MORE
COMMENTS [ 0 ]Greater Boston FinTech startups got off to a good start in 2016 on the funding front. Twelve firms raised more than $153 million in the first six months of the year, led by Circle, which raised $60 million. This is … READ MORE
COMMENTS [ 3 ]There are about 100 FinTech firms that I am aware of in Greater Boston, which by my definition runs from Portland to Providence and as far west as Worcester. Twenty two found funding in 2015. Fifteen last raised capital in … READ MORE
COMMENTS [ 0 ]The Boston FinTech Meetup group held a demo night earlier this week, with four companies presenting to a standing room only audience at Workbar in Central Square, Cambridge. Here’s a rundown of the companies in the order they presented, which … READ MORE
COMMENTS [ 2 ]Boston-based G20 Ventures recently announced the closing of its first fund with $63.5MM in assets. G20 was founded and is led by Bill Wiberg and Bob Hower, industry veterans who will be familiar to many from their years at Advanced … READ MORE
COMMENTS [ 3 ]FinTech Sandbox is a new non-profit focused on giving early-stage financial services and FinTech entrepreneurs access to financial data for product development and testing. While it is based in Boston, its mission is to promote entrepreneurship and financial technology innovation … READ MORE
COMMENTS [ 7 ]It’s time once again for our first annual Greater Boston FinTech year in funding review. 2014 saw roughly $194 million invested in private financial technology companies, a substantial jump from roughly $86 million in 2013. But, for perspective, keep in … READ MORE
COMMENTS [ 3 ]The Boston FinTech Meetup group held its second demo night Tuesday, with six companies presenting to a standing room only audience at the IBM Innovation Center in Kendall Square. Here’s a rundown of the presenters, in alphabetical order. Cardinal Wind … READ MORE
COMMENTS [ 3 ]“If no one seems to understand, start your own revolution and cut out the middleman.”
“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.”
The roughly $12B San Diego County Employees Retirement Association is looking for a headhunter and ultimately a new CEO: https://j.mp/3gM0yWW (And a new website, because theirs is terrible.)
I'd bet America's money fund investors would decline this "gift" if given the choice. https://j.mp/2XSXejU
The @MassChallengeFT finale is going virtual this year. Register here: https://j.mp/36Ry0Xe #FinTech #startups
*Activists and Legislators:* Here’s a thread of MEANINGFUL legislation that has been proposed and, in some cases, passed in cities and states to address police violence. Consider passing legislation like this in your community, too. (1/x)
Though growing rapidly, and reportedly having raised additional capital as recently as December, investing app purveyor @acorns closes an office and fires dozens: https://j.mp/3dnY92I #FinTech
