Last Week in Fintech
The fintech space saw some interesting developments last week. Here are three important ones for fintech entrepreneurs:
1. Startup Sentieo Ready to Transform Financial Analysis
The way financial analysts search for and interpret data may be about to change. On May 11, brothers Alap and Naman Shah, former hedge fund analysts, unveiled Sentieo. This intuitive equity research platform allows financial analysts to quickly research and analyze SEC filings, transcripts, broker research and other financial data.
“The magic of Sentieo is that it understands and caters to an analyst’s workflow, allowing you to centralize activities previously performed in Excel, Evernote/OneNote, chat, document search, and your financial terminal, all in a single, seamless platform,” said Sentieo CEO Alap Shah.
2. Yale Fintech Hosts Event With Former Senior Advisor to President Obama
Last week, financial technology entrepreneurs and executives joined Seth Wheeler, former senior advisor to President Obama and current MD at J.P. Morgan’s Fintech Strategy Group, for a discussion hosted by Yale Fintech, a network of fintech entrepreneurs.
“In the next 10 years, we will see a total transformation of the financial space,” Wheeler predicted.
Wheeler further touched upon various aspects of the fintech industry – from bitcoin and crowdfunding, to fintech regulations and opportunities. He also shed light on the impact the upcoming presidential elections will have on the fintech industry.
3. Lending Club CEO Resigns Over Faulty Loan
Last Monday, Renaud Laplanche, CEO of Lending Club resigned following a board investigation into “improper practices in the lending process.” The French CEO was widely regarded as the face of the online lending industry.
Laplanche’s departure was prompted following an internal probe that revealed that a sale of $22 million in loans violated the company’s business practices. Shares of the online lending platform plummeted 34 percent on Monday, after his resignation. Online lending firms can expect increased scrutiny following Laplanche’s exit.
Last Week in Digital Health
Health tech also had some interesting developments last week. Here’s a quick look at the most recent events in digital health:
1. Zocdoc Announces New EHR Integration
Popular digital health marketplace, Zocdoc recently announced that it will integrate its online scheduling platform with Epic’s EHR via API. This integration will create a streamlined experience for the customers of the two companies, including Hartford HealthCare, Inova, NYU Langone Medical Center and Yale New Haven Health.
Speaking of this new integration, Zocdoc’s founder and CEO Oliver Kharraz said, “This collaboration is a model of digital health openness, showing how complementary services can benefit patients, providers, and the healthcare ecosystem on the whole.”
With the trend of doctors moving from independent practice to hospital groups, this move by Zocdoc is an attempt to rebrand its focus on hospitals.
2. Health Datapalooza Brings Government Agencies and Digital Health Startups Together
Last week, Health Datapalooza brought together the leading minds from the government, health care and technology sectors to Washington, D.C. The different presentations, panels, demos and workshops at this three-day national conference offered a glimpse into the future of health data.
Key highlights from this popular digital health conference included Vice President Joe Biden’s appeal for the progress of open health data to fight cancer.
“Big data captures the big picture — the complexity, the challenges, and the opportunities in treating cancer. Researchers need to share data in order to move discoveries more rapidly,” said Biden.
Jocelyn Samuels, from the Health and Human Services Department’s Office for Civil Rights, said that freeing and protecting data are not mutually exclusive goals. “HIPAA embodies the balance between these two goals,” said Samuels.
3. Walking App to Help People With Limited Mobility
Sensoria, a textile sensor company, launched its latest app, Sensoria Walk. This walking app helps people with limited mobility keep track of their activity after a stroke or surgery. Sensoria Walk aims to reduce the rehabilitation time for patients.
“Most wrist-worn wearable devices cannot accurately detect the activity of people with limited mobility, such as elderly patients, or patients recovering from surgery or using a walker. Sensoria Walk aims to deliver a more accurate tool for patients and caregivers to track and evaluate their recovery progress,” said Sensoria Co-founder and CEO Davide Vigano, when the app was first announced in January 2016.
For an overview of how this app works, check out this video.
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