Build it and they will come. That’s the idea behind the $38 million FinTech Center announced by the University of Delaware in November in partnership with Discover Bank and Delaware Technology Park. The project aims to prepare hundreds of new technologically skilled financial services workers beginning in 2021.
NEWARK – The University of Delaware announced Thursday, Nov. 21, that it will partner with Discover Bank and Delaware Technology Park to build a new center for financial services technology, or so-called fintech, at its STAR Campus. The six-story, 100,000-square-foot building on UD’s Science Technology and Advanced Research Campus located off Route 896 on the…
WILMINGTON – New Castle County is preparing this month to swap its collateral in a $3 million loan made to the Delaware Board of Trade for stock in Ideanomics, a company that acquired the startup “penny-stock” market earlier this year. The New Castle County Council voted 11-1 on Tuesday, Nov. 12, to support the plan…
What if you could take the spare change from your coffee runs and automatically invest it towards your retirement? That’s the concept behind Acorns, an investment application with more than 5 million users. The app scans users’ credit and debit purchases and moves the change from each purchase into a customized portfolio. (Say you spend…
“Fintech” means, simply, “financial services that are delivered through technology.” It includes online banking, machine learning and artificial intelligence in financial settings, even cryptocurrency. For investors, innovators and consumers, it spells not just easier access to capital but it is, many say, also lowering the barriers to entry for new businesses. As America’s credit card…
John Collins has been a radio reporter, a staffer in the U.S. Senate and a policy and external affairs expert at Coinbase and the American Bankers Association. Now, he runs the U.S. office for Red Flag Consulting, helps lead the digital finance center at Harvard’s Berkman Klein Center and — along with Meghan Wallace, a…
Jim Kelly is a pioneer of internet banking. In 2000, he arrived in Wilmington to start ING Direct; after 12 years, Capital One bought ING, with Kelly staying on as executive vice president for direct banking. In 2016, he retired from Capital One, and since then, he’s been advising and investing in startup companies. Q:…
In early February, when the stock market hit a brick wall, University of Delaware graduate students Anthony Rossi and Duanyi Wei watched to see how their model would respond. Built on robotics engineering principles — a new field, when applied to financial markets — the model worked: the output shifted from bull to bear, accurately…
JPMorgan Chase & Co. is the biggest bank in America, and it employs 10,000 people here in Delaware — more than 2,400 of them at the Delaware Technology Center just north of Wilmington. The thoroughly modern center, with its sleek spaces and massive array of rooftop solar panels, explains JPMorgan’s Tom Horne, helps the bank…
The Delaware Board of Trade (DBOT), based at Hercules Plaza in Wilmington, operates as a fully automated, auto-execution online trading platform. Founded in part on a $3 million loan from the New Castle County government, the firm is bringing new technologies, like blockchain and crowdfunding, to an existing market. “We’re specifically focused on equities in…
