In an effort to properly regulate, define and use alternative digital currencies and the technology that underpins them, blockchain, New...
The service called FastForward went live today and expands upon a pilot program that the New York State Department of...
Yesterday, a New York federal judge ruled that the New York Department of Financial Services (NYDFS) could proceed with two...
The division will focus on corporate compliance and consumer issues and Katherine A. Lemire, a former assistant US attorney has...
The New York Department of Financial Services is allowing life insurers to use nontraditional data in order to determine premium...
The bill is sponsored by New York State Senator Elaine Phillips; it would allow the Department of Financial Services to...
The New York Business Journal reports on CB Insights' venture capital data by state noting that fintech investment in New York companies decreased by 35% from the previous quarter to $253 million while deals increased to 24 from 19; three New York City companies, Namely, Trumid and Payfone, were among the top 10 US fintech deals; Namely was second in top fundraisings with $50 million. Source
New York State Senators held a roundtable last week for NY based blockchain companies to give their opinions on the BitLicense; the BitLicense is seen as being too restrictive, especially for startups, and the listening session was meant to get industry points of view before making reforms; one of the biggest complaints is the current regulations are too one size fits all; it is a good sign to see legislators engage the community but NY’s Department of Financial Services was not invited and so there is skepticism that any change will actually occur. Source.
Newer core bank technology providers like Nymbus, Finxact or Finastra see an opportunity building with the rising trend in de...
Nigel Morris previously co-founded and served as president and COO of Capital One; Morris is now an VC at QED...