New York

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…


Re-opening post Corona will mean new innovations

Capitalizing on New Market & Tech Opportunities

With most states loosening some restrictions and businesses approved to reopen, many tech and design companies are expanding to new markets: touchless fever scanners, apps to plan socially-distant office spaces, sensors to limit touching in highly frequented areas, and scheduling platforms to prevent crowding in public spaces. Truework, for example, is an income verification start-up, that has launched software to allow employers to track workers’ health status. Gensler, an architecture and planning company, has improved…


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…


savings during a crisis

Making the Money You Are Saving Work for You

Many Americans are facing an uncertain financial future right now. The coronavirus pandemic, though, hasn’t been all bad economic news. Strict stay at home orders have meant fewer expenses in many areas: travel, eating out, cultural events, gas, new clothing, etc. Similarly, the importance of an emergency fund, has become evident to most people, and causing them to reduce their extraneous spending. In fact, the personal savings rate — the sum people are putting away as a percentage of their disposable…


New York Looks to Canada Partnership for Clean Energy

New York Governor Andrew Cuomo has announced a new environmental plan to bolster the economy and promote clean energy. New York has set very ambitious clean-energy targets, including emissions-free energy sources exclusively by 2040. The latest plan runs cables from upstate New York to Canada and brings wind and solar power down from these rural regions to New York City and the suburbs. The proposal also hastens a latent scheme for the delivery of hydropower…


Five Strategies Keeping Small Businesses Alive

As coronavirus quarantines force many businesses to shutter their storefronts, these companies are finding creative ways to serve customers and grow their business. Almost every industry, from eateries to gift shops, cleaning crews to beauty salons, has had to revamp their models for customer engagement. Here are five tactics that are proven to keep small businesses going during this crisis. Find a new niche Some services are just not practical right now. Home owners, for…


Basic Tech Needs in Crisis

What the Pandemic Taught Us about Tech We Do and Don’t Need

Sometime in mid-March life as we knew it came to a grinding halt. Schools closed, offices transitioned to “work from home,” and businesses hurried to figure things out. With so much time on our hands, and literally nowhere to go, we got a chance to focus in on the tech that matters most during a crisis. Basically, we need: Find the right virtual meeting space for you. Interaction platforms and tools so we can communicate…


Corona grows big tech

Coronavirus Crisis Doing Good for Big Tech

The coronavirus has forced more people to do more things on their home devices, yielding growth for big tech. The novel coronavirus has disrupted every aspect of our lives. Schools and businesses are closed. Social distancing is keeping us from our colleagues, family, and loved ones. The economy is disrupted and the long-term financial outcomes of this crisis are yet to be seen. But one niche of the market, the world’s biggest technology companies, is…


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New York forms a SWAT Team to Battle Corona

New York State is escalating its fight against the coronavirus pandemic. All industries are being asked to contribute their resources, talents, and time to the effort. Specifically, New York has asked the tech community, to form a SWAT Team to beat COVID-19. New York is building a tech SWAT team to fight corona The State’s official government website, says it is seeking “impactful solutions and skilled tech employees” to work with authorities to scale and…


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Loans for Small Businesses affected by Corona

New York Mayor Bill de Blasio announced an assistance program offering monetary relief to small businesses affected by the coronavirus outbreak. NY’s small businesses will be entitled to corona rehab loan Businesses with fewer than 100 employees can apply for an interest-free loan up to $75,000. The loans are intended for businesses in the service industry, like restaurants and caterers, that have kept employees on payroll and seen a decline in revenues. The repayment plan for the loan is…