Tag: financial hubs

Making a mark in the Startup Nation: How social events will boost your startup profile

 This guest post was written by Daniel Abrahams, CEO of CurrencyTransfer.com, the world’s first online marketplace matching users with the most competitive international payment quotes. The platform offers instant booking ability in one live, transparent venue. As a tech entrepreneur, I’ve seen first hand the fantastic correlation between community management initiatives and startup success. Not only do organizing events create buzz and a ‘feel good factor’ with your local tech ecosystem, it can crucially draw interest from both prospective investors and end users. Today, I’ll share my story as CEO of CurrencyTransfer.com, and in particular the way we approached the arrival of our British fintech business in ‘The Startup Nation.’ Making our mark in ‘The Startup Nation’ Recently, we opened an office in Tel Aviv. As many of you know, Israel has become one of the leading startup capitals of the world, and R&D center to some of the world’s leading companies. With an already thriving fintech community surrounding us, we brainstormed on how we can make an instant name for ourselves in the Tel Aviv start up ecosystem. Our solution...

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When startups and financial hubs collide: FinTech developments in the Startup Nation

Banks and startups, the two worlds could hardly be further apart. Banks: colossal institutions, conservative in nature, often centuries of history. Startups: minimal staff, innovative and fledgling businesses. So why are some of the world’s major financial institutions heading to Tel Aviv to set up start-up accelerators? The answer: Fintech (financial technology). In the most recent development of the Startup Nation, the Israeli fintech space has earned the attention of banking institutions both in Israel and abroad. While there have been some notable success stories (Fundtech, Nice Systems and now, Check), Israel isn’t entirely famous for its fintech startups. However this is beginning to change. So what is fintech all about? Fintech in broad terms refers to the technologies and software available that ensure the smooth operations of the banking and the financial services industry. The services and applications developed in this space include electronic payment platforms, international money transfers, personal finance and asset management and crowdfunding. While the fintech market currently stands at $470 billion annually it is expected to grow at 5.4% annually. According to a recent report...

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