Facebook Twitter LinkedIn Google Plus RSS

Spreading the word about N.J. as a foothold for financial tech Council hosts events to publicize latest industry developments

By ,
New Jersey Tech Council President Maxine Ballen says more companies are engaging in financial technology. ‘We recognize that there’s an opportunity to grow this unique niche and make it more visible.’
New Jersey Tech Council President Maxine Ballen says more companies are engaging in financial technology. ‘We recognize that there’s an opportunity to grow this unique niche and make it more visible.’ - ()

New Jersey Tech Council has long recognized the state's role as a foothold for the financial technologies sector.

To assess the state of the industry and spread word about its newest developments, NJTC is hosting a FinTech Conference June 5 at Opera Solutions in Jersey City.

The Mount Laurel-based organization, which provides support for technology companies in New Jersey, has arranged conferences annually for several years but interest in the sector appears to be taking off, NJTC President Maxine Ballen said.

“We're beginning to see more and more companies engaging in this space,” Ballen said. “We recognize that there's an opportunity to grow this unique niche and make it more visible.”

Though so-called “smart wallets,” a nascent technology that lets consumers pay for purchases at stores through smartphones that store credit card information, are creating a buzz nowadays, Ballen said fintech's reach is broader and has been developing for more than a decade.

“It enables use to access our investments easier, get money out of our accounts,” Ballen said. “The whole ATM platform, all of that. The cash in our wallet is just one component.”

Executives from Nasdaq, Mastercard Worldwide and Instamed will speak at the event. Sponsors include DLA Piper, Maloy Risk Services, Edison Ventures, Susquehanna Growth Equity LLC, LLR Partners, and Raymond James & Associates Inc.

E-mail to: tomz@njbiz.com
On Twitter: @biztzanki

Write to the Editorial Department at editorial@njbiz.com

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!