FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products, announced on Thursday that seven of its community members were recently named to the prestigious Forbes FinTech 50 list for 2015. The winners include four Sandbox residents who rely on critical financial data to build and back-test their FinTechRead More
CME Group, the world's leading and most diverse derivatives marketplace and FinTech Sandbox, a nonprofit whose mission is to promote entrepreneurship and innovation globally in the financial technology sector, today announced a new data agreement. CME Group will provide FinTech Sandbox startups with free access to historical futures and options data to promote technological innovation that will benefit the industry.Read More
The companies that will have free access to these data are the members of FinTech Sandbox, a non-profit organization (NPO) dedicated to promoting innovation and entrepreneurship. The access program will run for six months and will include data feeds and APIs from a host of FinTech Sandbox’ partners around the globe, plus cloud services from infrastructure companies that have also partnered with the NPO. FinTech Sandbox counts among its partners Amazon Web Services, Fidelity Investments, Intel, Goodwin Procter, and Thomson Reuters.Read More
FinTech Sandbox, a nonprofit that helps financial technology startups access data and resources, said Monday that Morningstar (MORN) would provide a select group of startup companies with free access to its global investment databases for six months.Read More
FinTech Sandbox, a nonprofit whose mission is to promote entrepreneurship and innovation globally in the financial technology sector, today announced a new data partnership with Intrinio. Intrinio will provide residents of the FinTech Sandbox program with free access to their flexible, dynamic, cross-platform financial data feed.Read More
Entrepreneurs trying to shake up the financial sector converged on State Street Corp. headquarters Thursday to show off a new startup-boosting effort backed by prominent names in finance and technology.
The program, FinTech Sandbox, is a Boston-based nonprofit organization intended to help finance startups get a head start on launching their companies. Its sponsors include Fidelity Investments, Silicon Valley Bank, and Amazon Web Services.
Unlike many other startup accelerator and incubator programs, FinTech Sandbox doesn’t require the companies to fork over a share of their stock for participating in the program.
FinTech Sandbox has accepted 30 startups from more than 100 applicants since it launched six months ago, said David Jegen, the program’s co-founder and a managing director at Devonshire Investors, the private investment arm of the Johnson family, which controls Fidelity.Read More
Zac Sheffer is not the kind to wait around. The 25-year-old founded Elsen, the Boston startup that provides data-processing platforms to financial services firms, after graduating from Northeastern in 2013. The outfit completed its first round of funding in January of this year. “Elsen is a six-person team, but we’re going to do things that these large firms with 7,000 people can’t do,” he said.Read More
Today, FinTech Sandbox announced a data partnership with Quandl, a web-based platform for financial and economic data. Quandl will offer startups participating in the Sandbox program access to both free and premium data from hundreds of publishers, via its simple and flexible platform. FinTech Sandbox residents may use this data up to six months for development, testing, and customer demonstrations purposes.Read More
Boston is home to dozens of startups in the field of financial services technology, or fintech.
As my cover story this week illustrates, the newcomers are quickly becoming an essential part of one of the city's oldest and most well-established industries. Boston's status as a finance hub may ride on the degree to which the State Streets and Fidelitys of the world embrace the city's fintech startup scene and help it thrive.
FinTech Sandbox announced another strategic data partnership today with StockTwits, a leading provider of market data and information. StockTwits will provide the Sandbox’s FinTech startups with access to the largest real-time social network for investors and traders to contribute ideas on trading, sentiment, and breaking news, in real-time. With over 70 thousand messages a day, StockTwits offers a global perspective to local trends in the market.Read More
Barchart.com, Inc., a leading provider of market data and information, today announced a partnership with FinTech Sandbox. Barchart joins FinTech Sandbox as an official market data partner offering a variety of robust data feeds, software and APIs to FinTech startups looking for reliable market data and tools. FinTech Sandbox is a nonprofit that supports FinTech startups by providing tools and resources including free access to a robust set of data feeds and APIs, cloud hosting, and opportunities to collaborate within a vibrant FinTech community.Read More
FinTech Sandbox and TradeBlock announced today that TradeBlock will provide free access to digital currency and block chain data to startups participating in the innovative Sandbox program. FinTech Sandbox residents may use this data up to six months for development, testing and customer demonstrations purposes. The free data TradeBlock is making available includes:
Trading & index data
Economy / block chain data
Computational / mining network data
FinTech Sandbox is pleased to announce that eleven more startups are joining the program, bringing the total to seventeen. Residents in this cohort represent London, Boston, New York, and the San Francisco Bay area. Some of these innovators are targeting financial institutions with their products, while others are serving retail investors.Read More
The big players in financial services have long struggled to keep pace with technology. They’ve been slow to deploy the latest in computers and software to analyze data, pick investments, and engage customers.
That has created big opportunities for a slew of local entrepreneurs.
“The industry is just crying out for new ways of doing things,” said Adam Broun, chief operating officer of Kensho Technologies Inc., a Cambridge software company launched two years ago to speed the process of modeling the effect of world events on the prices of stocks, bonds, and other assets.Read More
I’ve been working in this sleepy little backwater of the financial industry, called FinTech, for longer than I would care to admit. For the majority of that time, I’ve had to endure awkward cocktail parties as I told people that I worked in finance or public relations or technology. Quite often I’d say “it’s complicated” and leave it at that.Read More
FinTech Sandbox, a nonprofit offering FinTech startups around the world free access to data, infrastructure, and community, announced today that AlphaPack has been admitted to the program. AlphaPack is the sixth and youngest FinTech startup accepted, joining Volos, Prophis Technologies, Kensho, Elsen, and Quantopian.Read More
FinTech Sandbox, a nonprofit offering FinTech startups around the world free access to data, infrastructure, and community, announced today that Volos Portfolio Solutions has been admitted to the program. Volos will use capital markets data available through the Sandbox to complete products that analyze both over-the-counter exotic and exchange-traded, vanilla derivatives. They are the fifth FinTech startup accepted, joining Kensho, Elsen, Prophis Technologies, and Quantopian.Read More
FinTech Sandbox announced today that risk management startup Prophis Technology has been admitted to its program. Prophis is the first startup to join the Sandbox since the program’s official launch earlier in March.Read More
FinTech Sandbox, created to foster innovation in financial services by streamlining access to data for financial technology startups around the globe, is coming out of beta and launching on March 26th at an event being held at the District Hall in Boston’s Innovation District. The launch will be attended by the FinTech Sandbox team; sponsors, advisors, and partners who made the Sandbox happen; and industry thought leaders who are dedicated to FinTech innovation.Read More