David K.A. Mordecai Participated in Demo Day 2016 for FinTech Innovation Lab

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David K.A. Mordecai participated in Demo Day 2016 FinTech Innovation Lab (FTIL) on June 23, 2016 as Scientist-in-Residence for FTIL. 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, David K.A. 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 David K.A. Mordecai are CTO-in-Residence Andy Brown, former Group Chief Technology Officer at UBS, and Executive-in-Residence Cristobal Conde, former Chief Executive Officer of Sungard.

David K.A. Mordecai Participated in Demo Day 2016 for FinTech Innovation Lab

Demo Day 2016
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 from the 15 supporting financial firms selected the current set of eight participants for the 2016 cycle:

David K.A. Mordecai is President and Co-Founder of Risk Economics, 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. David Mordecai also leads research activities at RiskEcon® Lab for Decision Metrics and Visiting Scholar, Courant Institute of Mathematical Sciences NYU.

About FinTech Innovation Lab
FinTech Innovation Lab’s 31 alumni companies have raised a total of $296 million in financing after participating in the program, and four have been acquired, two in 2015 alone, including Standard Treasury and BillGuard. Financial services firms supporting the Lab are: Ally Financial; American Express; American International Group, Inc.; Bank of America; Barclays; BlackRock; Capital One; Citi; Credit Suisse; Deutsche Bank; Goldman Sachs; The Guardian Life Insurance Company of America; JPMorgan Chase & Co; Morgan Stanley; New York Life; and Wells Fargo. Supporting venture-capital firms include Bain Capital Ventures, Canaan Partners, Contour Venture Partners, Nyca Partners, Rho Ventures, RRE Ventures and Warburg Pincus.

About Partnership Fund for New York City
The Partnership Fund for New York City was founded by Henry R. Kravis, and is led by 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.