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.
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