Financial Services

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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.

Source: EMSI 2021 Q1

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.

Greater Phoenix: By the Numbers


Greater Phoenix has 74% higher concentration of finance and insurance businesses than the nation as a whole

EMSI 2021 Q1


1,700+ students earn degrees in accounting, finance, economics, mathematics & consumer relations from Greater Phoenix universities each year

EMSI 2021 Q1


$34.5 billion was invested in Fintech startups in 2019, up 30% from 2018

Business Insider

Greater Phoenix is a top market in the nation to locate, relocate or expand finance and insurance business operations.

Access Data on the Finance & Insurance Ecosystem

Arizona is a top tech city and has become the first state in the U.S. to adopt a regulatory fintech sandbox

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.

Learn more

Greater Phoenix: The birthplace of Zelle

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, this payment system 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
  • Allstate
  • 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
  • MUFG Union Bank
  • Mutual of Omaha
  • National Bank of Arizona
  • Nationwide Insurance
  • Navy Federal
  • Northern Trust
  • PayPal
  • PennyMac Mortgage
  • Revana
  • Santander Bank
  • Silicon Valley Bank
  • State Farm Insurance
  • TSYS Acquiring Solutions
  • UnitedHealth
  • US Bank
  • USAA
  • Upgrade
  • Vanguard
  • Voya Financial
  • 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
Mike Pansini, VP Information Technology, USAA Development Center

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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