We are excited to welcome Jean Donnelly to the Founders Workbench Advisory Board. Jean is the executive director of FinTech Sandbox, a non-profit that provides streamlined access to a broad range of financial data – enabling entrepreneurs to develop and test their applications faster, more cost-efficiently and to higher quality standards. FinTech Sandbox has assisted more than 40 FinTech startups in Boston, NYC, San Francisco, London and Chicago in gaining access to premium data sets from more than 24 data providers.Read More
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it has broadened its Global Post Trade Management (GPTM) solution, adding exchange-traded derivatives functionality through the acquisition of Dojima LLC.Read More
Earlier this week on Tuesday, New York-based Empire Startups closed the Nasdaq by ringing the closing bell, and the next morning they hosted a fintech conference at Webster Hall and Finance Magnates reported live from the event.Read More
In the data world, a sandbox represents pretty much that same philosophy—call it experimentation through plug-and-play—with organizations creating environments designed to nurture innovation, where developers have access to everything they need to create next-generation data services, from easily accessible datasets to connectivity and hosting, all generally at preferential rates or entirely free of charge.
Then there are also initiatives like the aptly-named FinTech Sandbox or New York Fintech Innovation Lab, which offer a formal program of subsidized services and structured mentoring by experienced fintech executives. For example, web services data provider Xignite is providing APIs for accessing market data free of charge to nine FinTech Sandbox participant startups, three of which demonstrated solutions leveraging Xignite’s data at last week’s FinTech Sandbox Demo Day.Read More
Ready or not, equity crowdfunding is coming to the U.S. this spring.
The funding mechanism allows companies to sell shares of their firms to the general public (not just accredited investors) through online portals. The practice has already gained traction in places like the U.K. in recent years, but it has taken a while to arrive in the U.S., as regulators carefully weighed oversight rules.Read More
Markit (Nasdaq:MRKT), a leading global provider of financial information services, today announced a new data agreement with FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products.
Markit will provide startups participating in FinTech Sandbox’s program with access to certain of its industry leading fixed income pricing and reference data, as well as its index, securities finance, equity volatility and exchange-traded products (ETP) data. Click here to see our Data Partner page on the FinTech Sandbox web site.Read More
FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products, today announced a series of celebrations marking its one-year anniversary. The biannual FinTech Sandbox Demo Day will be held on March 24, 2016 at Fidelity Investments headquarters. Sandbox sponsors, data partners, residents, investors, members of the media, industry analysts, academics and FinTech professionals will convene in Boston for this unique occasion.Read More
FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products, today announced that Experian, the leading global information services company, will make its business credit data available to Sandbox residents. By leveraging Experian's business data, residents will be able to further their innovation process to create new services for the financial services industry.Read More
FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products, today announced a new data sourcing agreement with The Associated Press- the global news company. The AP will provide FinTech Sandbox residents with access to AP's financial, business and political news archive, as well as AP's breaking news and data feed.Read More
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.