As a leading global financial hub, New York has some of the largest and most established financial services institutions actively investing in, and collaborating with, a myriad of FinTechs. With Wall Street having both the largest capital base and greatest need for FinTech innovation, the best technology and engineering talent have come together to create a vibrant and well-funded ecosystem within walking distance of the market they serve.
New York Profile
- Big data
- Social Media
- APIs
- Machine learning
- Messaging
- Markets and exchanges
- Capital markets
- Retail banking
- Wealth management
- Blockchain/Distributed
- Ledger
- High cost of living
- High cost of office space
- Technology skills shortages
- Founded in 2007, LearnVest provides award-winning financial planning systems. The company was acquired by Northwestern Mutual in 2015 for $250m.
- OnDeck, a lending platform for small businesses, has loaned over $2bn to small businesses across 700 industries in all 50 states and Canada.
- Betterment is an automated investing service. Over 120,000 customers have invested more than $3bn with Betterment and in 2016 the company was valued at $700m.