Mass. fintech group launches, with backing from finance giants

NEC members Fidelity Investments, Massachusetts Mutual Life Insurance Co. and Putnam Investments have formally launched the Mass Fintech Hub, a public-private partnership meant to boost the Bay State’s standing in the financial services technology industry.

The not-for-profit initiative’s goals include increasing access to capital for fintech startups and fostering more collaboration among the state’s large financial services companies, startups, investors, incubators and universities.

“There is a massive opportunity within the Massachusetts fintech ecosystem, and launching the Mass Fintech Hub will help us put a coordinated and focused effort against this with the backing of relevant ecosystem leaders,” MassMutual executive Mike Fanning said in a statement.

The New England Council applauds Fidelity, Massmutual and Putnam Investments for this effort. Read more from the Boston Business Journal.

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