Massachusetts sets up fintech hub
Massachusetts is getting its own fintech hub that will seek to capitalise on the commonwealth’s deep talent pool and reputation for innovation.
Following more than a year of work by the Massachusetts Fintech Working Group, the Mass Fintech Hub, is launching as a public-private partnership dedicated to making the Commonwealth a global leader in fintech.
Operated by Boston-based non-profit FinTech Sandbox, the hub will look to make the most of a talent pool that consists of some of the world’s best universities – including Harvard and MIT – and a tech-heavy economy.
It will work to increase access to capital, and enhancing collaboration among the state’s largest financial institutions, startups, investors, nonprofits and academia.
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