ASX Gives Digital Asset’s Technology Green Light to Replace CHESS

ASX today announces its intention to replace CHESS using distributed ledger technology (DLT) developed by its technology partner Digital Asset (DA) CHESS (Clearing House Electronic Subregister System) is the system used by ASX to record shareholdings and manage the clearing and settlement of equity transactions in Australia. It was world-leading when introduced in the 1990s, providing name-on-register…

Alumni Perspective: How the Lab Helped My AI Company Get Into Fintech

By Paul Nemirovsky My company, dMetrics, was selected as part of the 2017 FinTech Innovation Lab cohort. Since wrapping up the program with Demo Day in June, I’ve had a chance to reflect on exactly what we got out of the program. Unlike most of the Lab’s companies, dMetrics wasn’t started to serve financial clients.…

New York City Fuels FinTech Innovation

An open innovation framework established by the Partnership for New York City, Accenture and financial institutions spurs tech advances and economic gains. For most business and IT executives, today’s furious rate of technology change represents both opportunities and challenges. However, at the center of everything is an issue that many struggle with: keeping up with…

Fintech goes to Washington: Regulators, financial firms discuss wave of future

As financial technology (fintech) startups enhance collaboration with traditional financial institutions to diversify and modernize financial services, a better understanding of how the regulatory environment impacts a company’s operations is becoming increasingly critical. The FinTech Innovation Lab’s (FIL) new regulator-in-residence, former Deputy Assistant Secretary of Treasury Jonah Crane, is attempting to answer these questions for the…