Elizabeth Thomas of Mass. Fintech Hub Joins the Fintech 5
Peter Johnson- Jan 9, 2024
- 3 min read
The Fintech 5 is a set of blog posts that feature questions and answers aimed at giving readers more insights on the people of Fintech Sandbox and our Data Access Residency program.
The Mass Fintech Hub is a collaborative partnership formed of fintech executives, banking authorities, scholastics, public sector leaders, and venture capitalists whose purpose is to help Massachusetts fintech startups flourish. It is part of the Fintech Sandbox mission. Elizabeth Thomas took the role of Program Director in 2022, earlier she had spent her time in economic development aiding fintech and tech businesses to expand across the borders.
What is my part in Fintech Sandbox?
Director of Mass Fintech Hub Program
What issue related to fintech is your focus or of most interest to you?
I am passionate about fintech as a way to enhance consumer financial wellbeing. It excites me to discover creative approaches to the challenges of financial education, reducing consumer debt, and establishing better credit.
This January, I will be hosting a virtual workshop on fintech as part of the Worth & Wealth Seminars from the Massachusetts Office of Economic Empowerment. This workshop will focus on how fintech can aid in promoting better financial health. For more information, please visit this link.
Which fintech trends are you most enthusiastic about?
I am thrilled about the heightened fintech implementation and expansion within industries. What was originally a specialized vertical is now a broad class. To cite Fintech Sandbox creator Sarah Biller, “Any company is now a fintech company”.
In recent times, big-name tech firms such as Amazon and Google have made their presence felt in the fintech field. Currently, there is a growing demand for integrated financial solutions across different industries and domains. Going forward, fintech will continue to streamline operations, hasten delivery, and diminish costs, all the while offering greater advantages to the end-user.
If there was something that you'd amend about the fintech world, what would that be and why?
The Mass Fintech Hub is dedicated to amplifying the Massachusetts fintech space. We are determined to make capital available to burgeoning startups, promote cooperation between businesses and startups, bolster the talent pool, and raise awareness of the admirable accomplishments our ecosystem is achieving.
If given the chance, I would strive to boost the amount of possibilities for collaboration in the ecosystem so we can meet our objectives. In November, the Mass Tech Collaborative paired up with KPMG to publish an Ecosystem Reassessment report that assessed the ecosystem to find potential techniques to do just that. To join our ever-growing group of people and learn how to participate, click here.
#What's your opinion on the role of artificial intelligence in the industry?
At Fintech Sandbox, the Data Access Residency program has allowed us to interview up to 6 fintech startups per week in the past year. The number of startups employing AI to help optimize financial services processes and improve customer experience has risen drastically. Although there is still work to be done, the advancements being made are undoubtedly leading to an exciting transformation of the financial sector.
Additional Query! What has been the most fascinating thing you have recently read?
I'm exploring the Four Agreements, which is based on ancient Toltec knowledge and philosophy. My sister recommended it to me, and in an amazing coincidence, I later discovered it in a free little library stand near my house. Was this fate? I'm fascinated by how different cultures handle the same philosophical questions on how to lead a content and joyous life. I'm also drawn to the metaphor in the book of us all living in our own dreams that we can modify through straightforward steps.
Are you a fintech entrepreneur who owns a startup? If so, our website will provide you with costless access to data, cloud hosting, and the advantage of having a close-knit network to look to for support. Click to find out more!
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