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.
Highly specialized workforce fuels a massive education pipeline to support operations.
Competitive Operating Costs
Arizona offers quality incentives that further decrease operating costs.
Greater Phoenix has 70% higher concentration of finance and insurance businesses than the nation as a whole
1,100+ students earning degrees in accounting, finance, economics, mathematics and customer service related areas graduate from Greater Phoenix universities each year
Since 2011, the number of FinTech startups has risen more than 50%
Greater Phoenix is a top market in the nation to locate, relocate or expand finance and insurance business operations.
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.
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
- 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
- Edward Jones
- GM Financial Services
- Homeowners Financial Group
- JPMorgan Chase
- Longboard Asset Management
- Macy’s Southwest
- MidFirst Bank
- Merrill Lynch
- Morgan Stanley
- Mutual of Omaha
- National Bank of Arizona
- Nationwide Insurance
- Navy Federal
- Northern Trust
- Santander Bank
- State Farm Insurance
- TSYS Acquiring Solutions
- US Bank
- Wells Fargo
- Western Alliance Bank
“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
“We are excited to be in the Phoenix market, further expanding our USAA talent to best design, develop and deliver world-class experiences for our members.”Mike Pansini, VP Information Technology, USAA Development Center
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