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Home to some of the nation’s most prominent healthcare systems, banking institutions, insurance and other professional services, Northeast Ohio is progressively establishing itself as a financial technology (fintech) hub. To that end, the region boasts more than 6,500 finance and insurance establishments, employing some 68,000 workers. Representatives from across Ohio recently had the opportunity to showcase the State’s innumerable fintech assets as a delegation attended Money 20/20, the world’s largest payments and financial services innovation event.Held in Las Vegas from October 23 – 26, Money 20/20 drew 10,000+ attendees from 75 countries. Ohio’s delegation, which included representatives from JobsOhio, Team NEO, Columbus 2020 and REDI Cincinnati, used the occasion to highlight the benefits of doing business in Ohio. Home to the 6th largest financial services sector in the country at $50 billion, Ohio is indeed a fintech powerhouse.Northeast Ohio Assets:With an impressive roster of headquarters, major banking, insurance and professional service operations, one of Northeast Ohio’s greatest fintech strengths lies in its direct access to customers. Home to 20 Fortune 1000 companies, our region offers great potential as a prime market for fintech products and services.Just as Northeast Ohio offers access to an essential customer base, it also provides a direct pipeline to needed fintech talent. As fintech companies look to hire the best and brightest, they have a wealth of talent to pull from right here in Northeast Ohio. In fact, there are 15,800 annual graduates in computer-related fields within 200 miles of Northeast Ohio. As the fintech sector continues to grow, access to our region’s talent pool will become even more important.Fintech Companies in NEO:Given the region’s many fintech-related strengths, it is not surprising that a number of fintech companies have already laid down roots in Northeast Ohio. As the region enhances its reputation as a fintech hub, we’re likely to see our roster of fintech companies continue to expand in the years ahead.Home to the 6th largest financial services sector in the nation at $50 billion, Ohio is steadily becoming a fintech powerhouse. With some of the nation’s most prominent healthcare systems, banking institutions, insurance and other professional services, fintech companies are leveraging outstanding access to customers, along with a broad spectrum of funding sources and an abundance of workforce talent.More and more, fintech companies seeking to expand their customer base are looking to Northeast Ohio as the region is home to 20 Fortune 1000 companies as well as major banking operations such as KeyCorp, PNC, First National Bank, Huntington, Quicken Loans and more. The Cleveland Plus region also serves as the headquarters for companies like Progressive Insurance, Westfield Insurance, the Sherwin-Williams Company, the Timken Company and many more. With a vast healthcare network, Northeast Ohio also boasts major healthcare institutions including the Cleveland Clinic, University Hospitals and Summa Health. These many assets combine to make the Cleveland Plus region an ideal location for any fintech business.JumpStart Entrepreneurial Network-A network providing entrepreneurs with access to the space, capital, advice, support and connections they need to grow.BioEnterprise-Experienced entrepreneurs and experts in biotechnology, health IT and services, and medical devices, committed to helping bioscience innovators grow their companies through funding, networking, recruitment and more.Youngstown Business Incubator (YBI)-Named the No. 1 High-Impact Incubation Program in North America by UBI Global in 2015, YBI facilitates the creation and growth of innovative technology companies through collaborative partnerships.Braintree Business Development Center-Supports new and growing technology-focused businesses
through collaborative services, below-market lease rates and access to a network of Braintree partners.Akron Global Business Accelerator-One of the country’s top-performing technology business
incubators, this entrepreneurial community offers programs to help young companies in diverse fields — biomedical; energy; advanced materials; IT; instruments, controls and electronics, and more — to take their businesses to the next level.OHTech-With 700 members representing all facets of IT — software development, IT services, website design and development, custom application development, IT recruiters and more — OHTech advocates for the industry by supporting member needs with talent and business development assistance.Digital C-By bringing together and collaborating with a variety of technology, business, civic and non-profit leaders, Digital C creates new technology driven programs and services to help organizations make smarter digital decisions.

Source: Organizations like Braintree help Ohio enhance its reputation as a fintech hub URL: http://www.clevelandplus.com/business/key-industries/fintech