The Geography of Fintech: Which Locales Need it Most?
The financial sector has long been a gallant emblem of promise and lucrativeness for Americans, and this perception remains undaunted by increasingly stringent regulations and auditing challenges to which the industry’s been subjected in recent years. However, if the public and those who work within the financial services sector wish to continually rely on this industry as the backbone of America, professionals within the industry must adapt to Financial technology — and quickly. Otherwise, it will become difficult for areas with fewer people and resources to keep pace with the suburban and urban competition of this industry. Geography & Technology Although there is very rarely a singular or even two-fold cause for anything, research suggests that the financial services sector is heavily impacted by two things: geography, and technology — particularly within the United States. Accounting Principles released an article last month covering a state-by-state analysis of where financia