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The 2016 Fintech Finance 35: Rumi Morales

< Fintech's Most Powerful Dealmakers of 201621. Rumi MoralesExecutive DirectorCME VenturesLast year: 23

In mid-September, Rumi Morales of CME Ventures sat onstage at Chicago’s Merchandise Mart alongside Mayor Rahm Emanuel and his London counterpart, Sadiq Khan, discussing what government can do to encourage entrepreneurship and technology development in the two cities. Executive director of the venture capital arm of derivatives exchange operator CME Group, Morales talked about the important role that financial innovation has played in the Windy City. “In this regard, it’s a very exciting time to be an entrepreneur, a very exciting time to be an investor, and a very exciting time to be in Chicago,” says the 40-year-old, who joined CME in 2010 to work on international business development before becoming a member of its venture team. The core mission of CME Ventures has remained the same since the unit’s January 2014 inception: to invest in emerging technologies that can have an impact on CME and, more broadly, financial services in three to five years’ time. “This is really very much looking at the future of our industry,” says the Wellesley College grad and New York University Stern School of Business MBA. “It’s about transformational innovation.” CME Ventures, which will invest as much as $5 million in an early-stage company, has focused on three general themes: digitization, which incorporates real-time payments and blockchain; advanced or adaptive security systems employing techniques like behavioral analytics; and what it calls “the next generation of big data,” including quantum computing and neural networks. CME has grown its portfolio from six to 11 companies in the past 12 months, adding investments in Digital Asset Holdings (blockchain applications), Digital Currency Group (blockchain and Bitcoin), Fortscale (cybersecurity), Orbital Insight (big data), and SparkCognition (security analytics). The group enjoyed its first financial exit this year when chip maker Intel Corp. reportedly paid as much as $400 million for Nervana Systems, a California-based deep learning company that CME funded in 2015. “What’s great about Nervana is not only that they were acquired by Intel, but we are actually working with them in-house, at the CME, exploring some use cases,” says Morales. “This is an indication of what we’re trying to do as CME Ventures, which is to inform the organization.”

 The 2016 Fintech Finance 35 Click below to view profiles
1. Jonathan KorngoldGeneral Atlantic2. Matthew HarrisBain Capital Ventures3. Jane GladstoneEvercore Partners4. James Robinson III & James
Robinson IV
RRE Ventures5. Steven McLaughlinFinancial Technology Partners6. Amy Nauiokas & Sean ParkAnthemis Group
7. Richard Garman &
Brad Bernstein
FTV Capital8. Gerard
von Dohlen
Broadhaven Capital Partners9. Darren CohenGoldman Sachs Group10. Hans MorrisNyca Partners11. Meyer (Micky) MalkaRibbit Capital12. Maria GotschPartnership Fund for New York City
13. Barry SilbertDigital Currency Group14. Jay ReinemannPropel Venture Partners15. Mariano BelinkySantander InnoVentures16. Justin Brownhill & Neil DeSenaSenaHill Partners17. François RobinetAXA Strategic Ventures18. Vanessa ColellaCiti Ventures
19. Michael SchleinAccion International20. Kenneth MarlinMarlin & Associates21. Rumi MoralesCME Ventures22. Alastair (Alex) RampellAndreessen Horowitz23. Steve GibsonEuclid Opportunities24. Fabian VandenreydtSWIFT
25. Vladislav SolodkiyLife.SREDA26. Gardiner Garrard IIITTV Capital27. Nektarios LioliosStartupbootcamp Fintech28. Lawrence WintermeyerInnovate Finance29. Bina KalolaBank of America Merrill Lynch30. Hyder JaffreyFintech Innovation
31. Calvin ChoiAMTD Group32. Janos BarberisFinTech
Hong Kong33. Jalak JobanputraFuture Perfect Ventures34. Sopnendu MohantyMonetary Authority of Singapore35. Oskar Mielczarek
de la Miel
FinTech Fund

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