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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 Second Quarter 2024

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The Utah Center for Financial Services at the University of Utah 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 […]

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October 30, 2024

Utah’s Fintech Rise: Insights from Governor Cox and Simon Taylor at Money 20/20

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The state of Utah was featured on one of the biggest stages in fintech and financial services as Governor Spencer J. Cox was interviewed by fintech expert Simon Taylor, co-founder of 11:FS and Fintech Brainfood blog at Money 20/20 in Las Veagas. Their session, Fintech Hub 2.0: Collaboration between Industry, Government, Education, and Venture, revealed […]

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October 29, 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

Industrial Bank Report First Quarter 2024

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The Utah Center for Financial Services at the University of Utah 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 […]

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August 6, 2024

Utah’s Newest Fintech Startup Launchpad

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­Entrepreneurs passionate about changing financial services, now have a new way to supercharge a business or idea: the Stena fintechXstudio. The studio is an early stage fintech incubator and accelerator for students and recent alumni from all colleges and universities within the state of Utah. The first of its kind in Utah, the studio provides […]

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June 18, 2024

19 Students Graduate from New Fintech Program

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Nineteen students are graduating from the University of Utah this academic year with newly available designations in financial technology (or fintech). The students are receiving a finance major with a fintech emphasis or a fintech minor. The University of Utah announced the fintech academic programs in fall 2022. The fintech programs are jointly offered by the university’s David […]

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May 22, 2024

Industrial Bank Report Year End 2023

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The Utah Center for Financial Services at the University of Utah 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 […]

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April 19, 2024

Industrial Bank Report Third Quarter 2023

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The Utah Center for Financial Services at the University of Utah 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. The center compared levels of capital, asset quality, and profitability ratios for the US banking industry and the […]

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February 9, 2024