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NES Financial Recognized on San Francisco Business Times’ 2020 List of Largest Fintech Companies in the Bay Area

Friday, June 05, 2020 — 13:57:28 (EDT)


Specialty financial administrator NES Financial, a JTC Group Company (LON: JTC), was recognized for the second year in the row in the Largest Fintech Companies in the Bay Area list.

“Being named to the San Francisco Business Times’ Largest Fintech Companies in the Bay Area list for the second year in a row is a great honor and continues to demonstrate NES Financial’s commitment to providing scalable and innovative solutions for our clients,” said Michael Halloran, CEO of JTC Group’s ICS USA region. “The companies on this year’s list represent an incredible growing list of who’s who in the fintech industry.”

NES Financial is a financial technology company that provides industry-leading specialty financial administration, including fund administration and loan administration. The company is the market-leading administrator in the rapidly growing Opportunity Zone marketplace, the dominant infrastructure provider to the heavily regulated EB-5 visa sector, and the nation’s largest independent provider of 1031 tax deferred exchange services to private equity, commercial real estate, and Fortune 1000 clientele.

Headquartered in San Jose since 2005 and with major operations in the Boston area, the company is recognized for its leadership in best practices and transactional security across the sectors it serves. As a result, company management is frequently sought out as media contributors and presenters throughout the country at events such as SALT, Novogradac, and IIUSA, while also hosting informational webinars featuring a broad range of industry experts and topics.

This past April, NES Financial was acquired by JTC Group, a publicly traded multi-jurisdictional provider of fund, corporate and private client services.

The San Francisco Business Times’ Financial Technology list includes companies with offices in the Greater Bay Area, which is defined as Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma counties. The list is ranked by total number of Bay Area employees and will be included in the annual Book of Lists, which serves as an essential handbook of market leaders.

About NES Financial NES Financial, a JTC Group company, is a multi-jurisdictional provider of fund, corporate and private client services. The company administers more than $130 billion in assets and employs more than 900 people worldwide. A leader in specialty financial administration, NES Financial serves markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements.

As the North American division of JTC, NES Financial is the leading provider of third-party administrative solutions to US impact investment sectors, including Opportunity Zones and EB-5 visa funding, as well as to US private equity and 1031 exchanges. The company’s technology-driven solutions streamline new best practices in these markets by simplifying specialized financial transactions, reducing back-office overhead, curtailing fraud and abuse, and ensuring security, transparency and regulatory compliance during each step of an investment’s life cycle.

For more information, visit nesfinancial.com.

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Source: Company press release. end of article

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