Greater Phoenix is one of the top markets in the nation to locate and expand finance and insurance operations. In fact, the region’s finance and insurance cluster is one of the ten largest in the nation.

Financial Services

GREATER PHOENIX: A major hub for finance and insurance

Greater Phoenix is one of the top markets in the nation to locate and expand finance and insurance operations. In fact, the region’s finance and insurance cluster is one of the ten largest in the nation.

 

Large Existing Cluster

Numerous national finance and insurance leaders have a presence in the region.

Educated workforce

Highly specialized workforce fuels a massive education pipeline to support operations.

Competitive Operating Costs

Arizona offers quality incentives that further decrease operating costs.

66%

Greater Phoenix has 66% higher concentration of finance and insurance businesses than the nation as a whole

1100+

1,100+ students earning degrees in accounting, finance, economics, mathematics and customer service related areas graduate from Greater Phoenix universities each year

50%

Since 2011, the number of Fintech startups has risen more than 50%

Greater Phoenix’s large talent base and competitive labor costs make it the place for businesses to go to scale

Compare with other cities

ARIZONA’S Fintech Sandbox

Following the example set by the United Kingdom, on March 22, 2018 Arizona became the first state in the U.S. to create a Regulatory Sandbox Program (RSP) where financial services companies can test innovative products and technology in market for up to 24 months without obtaining a license or other authorizations that might otherwise be required.

House Bill 2434, written by the Office of Arizona Attorney General Mark Brnovich and signed by Governor Doug Ducey, encourages the development of emerging industries like FinTech, blockchain and cryptocurrencies throughout the state.

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Greater Phoenix: the birthplace of Zelle

Zelle enables payments from one bank account to another, typically within minutes. By replacing the need for cash and checks, Zelle is helping consumers and businesses move money. 

Most major banks and more than 100 other financial institutions have already signed with Zelle and in the first quarter of 2018, more than $25 billion secure payments moved through the Zelle Network. 

Zelle, brought to you by Early Warning Services, LLC employs more than 700 employees throughout the Greater Phoenix region. We’re committed to helping business like Zelle innovate and expand.

Companies in Greater Phoenix

 

  • Aetna Medicaid
  • American Express
  • Arizona Federal Credit Union
  • Bank of America
  • Bank of the West
  • BMO Harris Bank
  • Charles Schwab
  • Compass Bank
  • Desert Financial Credit Union
  • Discover Financial Services
  • Ditech Mortgage Corp
  • Early Warning Services, LLC
  • Edward Jones
  • Federal Reserve Bank Of San Francisco
  • GM Financial Services
  • JPMorgan Chase
  • Macys Southwest
  • Midfirst Bank
  • Merrill Lynch
  • Morgan Stanley
  • National Bank of Arizona
  • Nationwide Insurance
  • Northern Trust
  • PayPal
  • Revana
  • Santander Bank
  • State Farm Insurance
  • TSYS Acquiring Solutions
  • UnitedHealth
  • US Bank
  • USAA
  • Vanguard
  • Wells Fargo
  • Western Alliance Bank
Businesses are impressed with the strength of the Greater Phoenix's labor force

We have been impressed with the strength of the local labor force and our hiring pace has been quick while also allowing us to be able to attract strong qualified talent.  The representation from the GPEC team made during our Phoenix due diligence was well informed and accurate. 

John Thomason, Executive Vice President, Bank of the West

 

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