Mass Fintech Hub extends membership #
Mass Fintech Hub, a public-private partnership focused on promoting fintech in the Commonwealth, has announced an expansion of its membership. The Hub, which had a successful year of launching event programming to promote fintech, is dedicated to making Massachusetts a global leader in the sector. Led by M&T Bank, the newest members include academic institutions and emerging fintech startups driving innovation in various industries.
M&T Bank aims to build high-quality partnerships with fintech companies to help its customers achieve their financial goals and align with its values as a community-first organization. The acquisition of People’s United Bank has enabled the bank to focus on supporting communities in its New England footprint, including the fintech community in Boston and Massachusetts. Claire Verville, Senior Vice President and Ventures Development Manager at M&T Bank, said Massachusetts offers a rich ecosystem of peers, startups, and academic institutions to engage in key trends, technological developments, and market forces that are likely to impact banking in the future.
Massachusetts has a high concentration of world-leading higher learning institutions in technology, business, and financial services. The addition of Babson College, Stonehill College, and UMass Amherst to the Hub will benefit event programming, such as career fairs, mentorship programs, and bootcamps to help students build skills and make connections in fintech, leading to career pathways in the sector. These institutions provide a valuable reservoir of talent to the fintech and financial services industries looking for skilled college graduates to build their companies.
The Hub is becoming a magnet for fintechs from other regions, as the state is becoming a stronger location for fintech. AlphaStream, B4B Payments, DocFox, and TomorrowX are some of the new fintech members that have joined the Mass Fintech Hub, with offices in Massachusetts or the UK. The Hub’s mission is to grow an inclusive, collaborative, and cutting-edge fintech sector statewide.