Finance

Business news, New York business, New York business news July 6, 2020

THINGS ARE LOOKING UP FOR THE CLOUD

If pandemic life has taught us anything, it is that life is pretty livable in the cloud. Every aspect of our lives, from work, to school, and even social interactions are now happening virtually. Zoom calls, instant messaging, and chat platforms are how we get together. This means that even as the economy faulters and unemployment rates continue to rise, companies that build or operate the technological infrastructure necessary for online life are doing well. Among the world’s largest…

Business news, New York business, New York business news June 15, 2020

New York and France Draft FinTech Collaboration

The New York State Department of Financial Services (DFS) and its counterpart in France have mutually agreed to ease regulations and policies for fintech startups looking to set up shop in the respective markets. The memorandum of understanding (MoU), signed with the French Autorite de Controle Prudentiel et de Résolution (ACPR) on June 3, seeks to expand the innovative capacities of both locations. In 2019, DFS became the first US state banking regulator to join the Global Financial Innovation…

No Image

Business news, New York business, New York business news April 27, 2020

New CFO at Integral Ad Science

Integral Ad Science (IAS), a global leader in digital ad verification, announced the appointment of Eu-Gene Sung as Chief Financial Officer.  The New York-based company was founded in 2009 and now has 18 offices across 13 countries. In 2019, Sung was named one of the “Notable Women in the Business of Sports” by Crain’s New York. She is a board member of the New York Road Runners. Sung received a BS in Economics from The Wharton…

No Image

Business news, New York business, New York business news March 16, 2020

First Financial Innovation Symposium in NY

Linda A. Lacewell, New York’s Department of Financial Services Superintendent announced that the Department of Financial Services (DFS) will hold its first Symposium on Financial Innovation and Inclusion in 2020, during New York Fintech Week. New York set to host first Symposium on Financial Innovation and Inclusion The meeting is designed to bring the fintech ecosystem together: stakeholders, policymakers, regulators, innovators, established financial institutions, investors, and those representing consumer perspectives. “New York is the capital…

No Image

Business news, New York business, New York business news February 18, 2020

New York’s Healthcare and Tech Sectors Grow in 2019-20

New York City continued its employment expansion in 2019, and is well on track to see continued growth in 2020 as well. This trend is a result of ongoing healthcare hiring in start-ups and well-established businesses, business services, and the boom in technology-related jobs. Overall, these jobs compensated for a downturn in employment in other urban industries like construction, real estate, hospitality, and finance. Healthcare and tech jobs grew in New York City in 2019…

No Image

Business news, New York business, New York business news October 15, 2019

Eco-Friendly Construction Aided by New Lending Program

New environmental laws, designed to combat climate change, are driving up the costs of real estate development. Now developers are taking advantage of a financing tool to help pay for green-building requirements. The loan model, known as Property Assessed Clean Energy, or PACE, was created in 2008 to subsidize the costs of building improvements that create environmentally sustainable and resilient properties. PACE is emerging as developers go-to for creating more energy-efficient buildings that are compliant with…