Opportunities and hurdles for Financial Technology start ups

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Sullivan LLP

1633 Broadway

New York, NY 10019

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Fintech opportunities total hundreds of billion dollars - services, loans, investments. But regulations and incumbents are major hurdles.

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Which Fintech Companies Should You Start? How to Identify Market White Space and Validate Your Idea"

Potential opportunities for financial technology companies are several hundred billion dollars, from bill collection and payments to student and business loans, automated wealth management and financial services. Several start ups are tackling these opportunities. Yet they face major hurdles, from the high cost of meeting complex regulations to long entrenched finance companies fiercely protecting their markets and profit margins.    

Solutions: focus on niche markets? provide unique products partnering with big incumbent companies? pursue major markets in stealth mode, bypassing big, well funded competitors?

These issues will be discussed by a Silley Circuits panel: Alan Silberstein of Global Payments; David Teten, venture partner at HOF Capital; Greg Farrington, President, Constellation Advisers; and Justin Zhen, co-founder Thinknum. Heidi Thompson CFO of Diligence Vault will introduce the panel.

Date: Monday October 7, 2019. 6 pm to 8 pm.

Location: Sullivan LLP, 1633 Broadway at 50th street.

$5 or more donations will be collected at door for Stop Soldier Suicide.

Alan Silberstein is a trustee of Global Payments and of Green Bancorp. He is President of Allston Associates, which advises financial services companies. Earlier Alan was CEO of Western Union; CEO of Claim Services of Travelers Insurance; and senior executive at Midlantic Bank (now PNC) and Chemical Bank (JPMorgan Chase). Prior to becoming a banker, Alan was a design engineer for the Ford Motor Company.Alan is co-chair of the Columbia University Campaign for Engineering, on the board of Tel Aviv University and a member of Business Executives for National Security, working on intelligence matters. He got his B.S in metallurgical engineering from Columbia and an M.B.A. from Harvard. https://engineering.columbia.edu/board-of-visitors/alan-silberstein

David Teten is a Venture Partner with HOF Capital, specializing in fintech, sales tech, and HR tech. He was previously a Managing Partner with HOF Capital, a global venture fund backed by over 70 business families and organizations. He was also a Partner with ff Venture Capital, one of the best-performing seed- and early-stage venture capital firms in the U.S. He served on the boards of Authorea (sold to Wiley), Earnest Research (Observer), Ionic Security, Signup.com, and Whisk (sold to Deem). David advised Goldman Sachs Special Situations Group, Icahn Enterprises and other investors.

David was previously a Managing Director with Evalueserve, a 2,500-person global research and analytics company, and founder of Circle of Experts, an investment research firm acquired by Evalueserve. He worked at Bear Stearns’ on the technology/defense mergers and acquisitions team. David holds a Harvard MBA and a Yale BA, and learned to program on an Atari 800. (https://teten.com/people/)

Greg Farrington, president, Constellation Advisers. Founded in 2008, Constellation provides regulatory compliance, due diligence, CFO, tax, accounting, strategy, valuation and risk management services to hedge funds and other investment firms. It has grown to over 100 employees in New York, Los Angeles, Dallas and San Francisco. Earlier Greg was at Deloitte & Touche. He has a BS in finance and economics from the University of Western Ontario and is a CA. (https://www.constellationadvisers.com/about-us/our-team)

Justin Zhen, co-founder Thinknum, which provides analytical insights using data from public online sources, on products, markets and labor of over 400,000 companies around the globe. Data includes pricing trends for products at retailers, such as electronics and restaurants, to hiring activity by companies at specific locations and across industries. Earlier he was an analyst at Strategic Investment Fund. Justin studied engineering at Princeton. (https://www.thinknum.com/about)

Heidi Thompson CFO of Diligence Vault, a digital due diligence platform, will introduce the panel.

https://diligencevault.com/about-us.html

Date: Monday October 7, 2019. 6 pm to 8 pm.

Location: Sullivan LLP, 1633 Broadway at 50th street.

$5 or more donations will be collected at door for Stop Soldier Suicide.

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Sullivan LLP

1633 Broadway

New York, NY 10019

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