Sun Corridor Inc. has key role in newly formed Arizona Fintech Council
Sun Corridor Inc. is among the leading state organizations to work to entice fintechs to come to Arizona and help them partner with financial institutions.
Created by CCG Catalyst Consulting and the Arizona Bankers Association, the Arizona Fintech Council to spur economic growth in the state and bring viable and promising fintech companies to Arizona’s Fintech Sandbox. The council will initiate new opportunities for member financial institutions and selected fintechs to connect with each other, evaluate startups’ readiness to work hand in hand with financial institutions on innovative new products and services, and aid in arranging proofs of concept with participating financial institutions and fintechs in Arizona’s regulatory sandbox.
The Fintech Council and the Arizona Sandbox are unique given there are no domicile restrictions on the financial institutions or fintech applicants. The Arizona Fintech Sandbox eases regulatory burdens for fintechs while allowing them to partner with financial institutions testing innovative products and services.
It is a great opportunity for new entrants whether it be startups or established companies new to the U.S. marketplace. Participating financial institutions can enter prospective partnerships with, invest in or outright acquire some of the participating fintech companies.
Participants will include diverse institutions of the AzBA, which includes member financial institutions of all sizes, ranging from community, regional, super-regional and financial institutions with more than $1 trillion in assets. Select institutions that are not AzBA Association members may also participate, and other stakeholders from government and academia will also join the council’s ranks.
In addition to Sun Corridor Inc, leading Arizona organizations including the Arizona Commerce Authority, Arizona Technology Council and Greater Phoenix Economic Council will also work to entice fintechs to come to the state and link them with financial institutions.
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