David Mordecai participated in the 2015 FinTech Innovation Lab Demo DayJune 25, 2015
FinTech Innovation Lab (FTIL) is an accelerator platform for early and growth stage technology firms, organized by The Partnership Fund for New York City, in conjunction with Accenture and a consortium of venture capital firms and global financial institutions.
As Scientist-in-Residence for FTIL, Dr. Mordecai is one of three distinguished senior advisors who are members of the FTIL Mentors Network, comprised of seasoned entrepreneurs that have successfully launched and scaled a financial technology company to acquisition or IPO. Members of the Network serve as mentors and informal advisors for companies accepted into FTIL, providing guidance on the broad range of issues faced by senior management of fintech companies. The other two senior advisors that serve in a similar capacity for the FTIL portfolio companies as Dr. Mordecai are CTO-in-Residence Andy Brown, former group chief technology officer at UBS, and Executive-in-Residence Cristobal Conde, former CEO of Sungard.
FinTech Innovation Lab 2015 Demo Day
Applicants to FTIL must have at least a working beta version of their technology that is ready for testing in either the institutional or retail market. The Chief Technology Officers (CTOs) from the 15 supporting financial firms selected the current set of seven participants for the 2015 cycle:
- Digital Asset Holdings
- Pay Your Tuition (PYT FUNDS INC)
- Social Alpha
David K.A. Mordecai is President and co-founder of Risk Economics, Inc., a New York City based advisory firm, specializing in the application of computational economics to the proprietary development and scalable implementation of robust modeling and data analytic frameworks for valuation, strategic and systemic risk analysis, and dynamic asset-liability management. The scope of activities includes applying the expertise of Risk Economics in product development, as well as FinTech strategy and process engineering, to the commercialization of R&D for risk and liability management analytics. Dr. Mordecai is also Principal Scientist, RiskEcon® Lab for Decision Metrics, Adjunct Professor and Visiting Scholar, Courant Institute of Mathematical Sciences, New York University.
FTIL’s 24 alumni companies have raised a total of $176 million in financing after participating in the program, and one alumni company was acquired last year for $175 million. Financial services firms supporting FTIL are: Ally Financial; American Express; Bank of America; Barclays; Capital One; Citigroup; Credit Suisse; Deutsche Bank; Goldman Sachs; The Guardian Life Insurance Company of America; JPMorgan Chase & Co; Morgan Stanley; New York Life; UBS; and Wells Fargo. Supporting venture-capital firms include Bain Capital Ventures, Canaan Partners, Contour Venture Partners, FirstMark Capital, Nyca Partners, Rho Ventures, RRE Ventures and Warburg Pincus.
PFNYC was founded by Henry R. Kravis, and is led by PFNYC CEO and President Maria Gotsch, and capitalized by leaders of global business and finance. The mission is to mobilize investor resources in order to create a more diversified local economy. PFNYC has established a network of leading experts from the investment and corporate spheres, in order to provide assistance in identifying and supporting New York City’s most promising entrepreneurs, in both the for-profit and not-for-profit sectors.
June 25th 2015, New York, NY