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…
Capital One Financial Corp. is perhaps the gold standard of a financial services company advancing every technical innovation imaginable from day one. In 2016, the company announced plans to transform into a tech company that provides top financial services. Chief Information Officer Rob Alexander told “Computer World,” “The winners in banking are going to be…
Deputy Secretary of State Kristopher Knight, who also serves as director of the state’s Division of Corporations, talks about the Delaware Blockchain Initiative. A blockchain enables a ledger of transactions to be shared across a network of participants. Blockchains are also used as a shared ledger of all Bitcoin transactions. Why is blockchain innovation important…
Global Debt Registry is riding the exciting wave of fintech innovation by coupling the very human banking expertise of its founders with ever-advancing technologies to bring a sense of security in the world of lending. It all began just over 10 years ago when a group of industry veterans recognized the inefficiencies, risks and abuses…
