A legacy platform refers to an old method or outdated computing system that may continue to impact the organization due to its important, historic role in managing and setting up business operations, causing an organization to constantly play catch-up and be very slow to integrate with the latest technologies. OpenFin, through its pioneering operating system […]
As of the writing of this post, Bitcoin is the top performing “asset class” of 2019 YTD, up 89% YTD. Bitcoin is up 22% in just the past week. And everyone wants to know why. The Markets Swing Between Bubbles And Crashes I have a word I use to describe the tendency of markets to become […]
Vestwell, the digital retirement platform we funded in 2016, has had a big 2019. In January we shared the news of their BNY Mellon partnership. The company recently announced it raised $30 million in Series B financing led by Goldman Sachs. Goldman was joined in the round by fintech experts Point 72 and several strategic […]
April is Financial Literacy Month, but research has shown that people often feel insecure when looking at their finances. Often, these feelings stem from a lack of understanding about finance and how to manage personal finances, leaving people to feel vulnerable and frustrated. However, instead of shutting down when the conversation broaches personal finances, The Financial […]
The anonymity of Cryptocurrency is one of its biggest selling points. Yet at the same time, the same anonymity prevents mainstream adoption from financial institutions due to Know Your Transaction (KYT) concerns. Bringing this gap isChainalysis, a NYC startup launched in 2014, that allows financial institutions and governments all over the world to conduct cryptocurrency […]
YieldStreet, the alternative investment platform for retail investors, has agreed to acquire Athena Art Finance from the Carlyle Group and its co-investors for $170M. “Athena is the leading provider of credit solutions for the global art market and has scaled the business with strong growth and asset performance. Art financing is an attractive asset class […]
Businesses have historically been hesitant to adopt commercial card payments since card payments have transaction fees that are typically paid by the supplier. Boost Payment Solutions, an innovative fintech company, has redefined the rules of commercial card payments and in 2018, the company experienced a 70% increase in its commercial card volume transaction. Boost’s versatile cloud-based […]
As AlleyWatch opens up nominations for the 2019 NYC Fintech Influencers feature, we take a look at the 14 largest FinTech startup funding rounds in NYC history using some data from our friends at Crunchbase. In addition to dollar amount of the round, I have included industry focal point, round type, date of funding, year of founding, […]
Black Bear Life simplifies life insurance through technology. Founders Brett Smith and Tim Stoner discuss how the company’s platform lets you suecure life insurance in less than ten minutes without health checks or blood tests.
For entrepreneurially minded millennials in finance, being a contributing part of this shifting culture could serve as excellent grounding for that dream of leading a successful startup.
Managing personal finances has lots of moving pieces and nuanced details, and this is only amplified when accounting for the modern, cultural shift in family structures. A great solution for keeping all family members- and even friends- up to date with personal finances is Namu. This fintech app allows friends and families to manage their […]