RALEIGH, North Carolina (WTVD) — Fintech jobs in the Triangle are reaching new heights.
Fintech, or financial technology, describes the intersection of these two sectors and was popularized thanks to the success of previous financial technology startups like Venmo, PayPal and Coinbase.
In the Triangle, the industry has expanded to include large, mature companies that choose the region to strengthen their presence.
“There’s a lot of talent, a lower cost of living and still a very high quality of life,” said Kyle Touchstone, Raleigh’s economic development director. “Who wouldn’t want to be here?”
In Raleigh and the Triangle, major players in the global economy like Deutsche Bank, MetLife, Bank of America and First Citizens Bank have a financial technology presence in the Triangle – through the development of their mobile banking platforms or other digital investments on an increasingly frequent basis. digital world.
In Raleigh alone, economic officials say there are four thousand companies providing around 60,000 fintech jobs.
“I think we’ve always been a region and a community focused on the future and innovation, so businesses can come here and grow,” Touchstone said.
Touchstone added that he hopes the growing presence of these large companies in Raleigh will help the city fill some of its currently vacant downtown offices. It’s growth that comes from here, in the region.
“It’s an incredible time to be a North Carolina State graduate, and I think that’s true for all of the amazing colleges and universities in our area,” said Haley Huie, clinical director of NC State Entrepreneurship.
Huie says the strong fintech job market is supported by the growing rate of local college graduates choosing to work locally. In fact, according to Raleigh economic officials, since 2010, 64 percent of the Triangle’s college graduates have chosen to stay here.
“There are so many booming industries here, since Disney invests in Epic GamesA Apple Campus By opening here, fintech is once again a growing sector. People want to stay and they want to build their lives and careers here,” Huie said.
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