Chicago looks to boost next-generation financial firms

Entrepreneurs and leaders in financial technology want to knock down walls in 2016. “You’re going to, for the first time, see the fin-tech community come together in Chicago in a cohesive manner,” said David Weinstein ⇒, founder and managing partner of Freshwater Advisors. Financial-tech companies tackle topics like analytics, payments, lending, markets or trading. The city’s best-known players include online lender Avant and payments company Braintree, which was acquired by PayPal. Next up: planning a fin-tech hub akin to 1871 for tech or Matter for health, said Mark Tebbe ⇒, chairman of World Business Chicago tech council ChicagoNext. Its fin-tech group is led by CME Group CEO Phupinder Gill, Morningstar CEO Joe Mansueto and DRW Trading founder Don Wilson, Tebbe said.  Fin-tech entrepreneurs and leaders have begun to organize in recent years and say a hub would promote growth and widely benefit a historically…


Link to Full Article: Chicago looks to boost next-generation financial firms