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Category: Announcements

Utah’s financial technology industry contributed 7,800 jobs and more than $1 billion in wages in 2023

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New report details the fintech industry’s economic impacts in the state. Since the Great Recession of 2007-2009, the financial technology (fintech) industry has transformed the traditional financial services sector and introduced innovative business models globally. A new report from the Kem C. Gardner Policy Institute shows that in 2023, Utah’s 67 fintech companies created nearly […]

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January 16, 2025

Industrial Banks Safety and Soundness Report

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In recent years, industrial banks have gained recognition for their resilience and unique value propositions, particularly during turbulent times in the banking industry. The recent Industrial Banks Safety and Soundness Report sheds light on this sector, emphasizing key strengths in capital adequacy, asset quality, and profitability. Key Findings: Stability and Capital Resilience The report highlights […]

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October 31, 2024

Industrial Bank Report: 2021-2024

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The Stena Center for Financial Technology prepared this report to highlight the safety and soundness of industrial banks. Key measures of safety and soundness in banking are capital, asset quality and profitability. We have compared levels of capital, asset quality and profitability ratios for the US banking industry and the industrial banking sectors. The underlying […]

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October 10, 2024

Utah’s Booming Fintech Industry in Spotlight at Fintech Xchange 2024

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Utah’s reputation as a booming fintech hub took center stage at the second annual Fintech Xchange Summit, a national conference hosted by the University of Utah’s new Stena Center for Financial Technology Feb. 5-6 in downtown Salt Lake City. The state is a growing center for financial technology, according to a new study from the University of Utah’s […]

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February 9, 2024

Highlights From the FintechXchange Summit 2023

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On Jan. 30-31, 2023, leaders in the financial technology industry met at the 2023 fintechXchange Summit at the University of Utah to discuss trends and opportunities in one of the fastest-growing industries in the world. The event was hosted by the Stena Center for Financial Technology at the University of Utah and sponsored by the […]

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February 7, 2023

FintechXchange 2023 Photo Album

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Browse photos from the fintechXchange conference 2023 in our new Facebook album here. Relive the experience or see what you missed. The event featured the launch of the Stena Center for Financial Technology, special guests including Utah Gov. Spencer Cox, SLC Mayor Erin Mendenhall, and University of Utah president Taylor Randall. Learn more about the […]

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February 1, 2023

Stena Center Facility Rendering

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The Stena Center for Financial Technology released a rendering this week to illustrate its plans to build a facility that will support all center programs, including labs and incubator companies. The center’s goal is to locate the facility hub in Salt Lake City, with convenient access and close proximity to the University of Utah and […]

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February 1, 2023

About the Stena Foundation

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The Stena Foundation is an independent, private foundation created to help solve systemic, life-altering challenges standing between mere survival and an ability to thrive for individuals, families, and communities. It does this by improving the economic foundations of financial inclusion and access to quality education. The foundation works with partners to craft impactful investments, scalable […]

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January 26, 2023

Welcome to the Stena Center

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Thanks for visiting the website for the Stena Center for Financial Technology at the University of Utah. Please browse the information on the website, join our community, and contact us with any questions.

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January 26, 2023