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Tag Archives: Fintech

NJEDA begins process to create statewide fintech center

Businessman with fintech icon and internet of things with matrix code background , Investment and financial internet technology concept.

“Gathering insights into how a fintech innovation center could contribute to the economic vitality and quality of life in the State will help us identify best practices and innovative ideas for developing a successful center that makes sense for New Jersey in terms of its long-term economic competitiveness," CEO Tim Sullivan said.

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New challenges ahead

Businessman with fintech icon and internet of things with matrix code background , Investment and financial internet technology concept.

Banks avoided a COVID-19 meltdown thanks to their ability to work with borrowers and other customers, and to a healthy dose of federal programs that directed money into the pockets of individuals and businesses. But financial institutions are now facing some other challenges, including the rise of fintechs. Bankers in the Garden State, however, plan to hang tough.

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