New Trade Association Aims To Make Detroit A Major Hub For Fintech

A new trade association focused on fintech has been established in Detroit.

The newly launched Detroit Fintech Association plans to cement Detroit as a hub for fintech innovation.

The association was created by a group within Benzinga, a financial media company headquartered in Detroit.

“For a long time Benzinga has connected fintech companies around the globe, country and especially here in Detroit,” says Jason Raznick, founder and CEO of Benzinga, in a release. “We saw other cities solidifying similar ecosystems – Boston, New York, Chicago, St. Louis – and want to shine a spotlight on the incredible fintech scene forming right here in Detroit.”

The association aims to educate members on emerging trends and technologies in finrech; serve as a research and information hub for members; and establish outreach programs to provide educational programming for youth in underserved communities. In addition, it will connect fintech entrepreneurs and innovators with investors; create a talent hub, pairing the best technology talent with the best fintech firms in the region; and partner with the State of Michigan to recruit the best fintech firms to Michigan and city of Detroit

Detroit also happens to be where mortgage fintech company Quicken Loans is headquartered.

“As Detroit continues to grow as the center of our country’s FinTech revolution, the work that the Detroit Fintech Association is doing is critical,” says Dan Gilbert, chairman and founder of of Quicken Loans, in the release. “Not only for Detroit and the region, but also for the multiplying fintech companies that leverage the specialized FinTech environment that can only be found in Detroit.”