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News

ARTICLE

Date ArticleType
12/15/2020 Press Release

International Delaware Magazine Released by World Trade Center Focuses on FinTech in the First State

 

NEWS RELEASE – For Immediate Release
For more information contact: Michele Chynoweth, Marketing Specialist
Email: [email protected] Phone: 302-656-7905

International Delaware Magazine Released by World Trade Center Focuses on FinTech in the First State

Wilmington, DE, Dec. 2020—The World Trade Center Delaware has released its fourth edition of International Delaware Magazine which focuses on Delaware's growing FinTech industry.

“Little did we know when we first discussed the theme for this issue just how timely this edition would be,” said World Trade Center Delaware President Carla Stone. “The use of IT and e-commerce exploded during the past eight months as people sought to limit contact with others in an effort to prevent the spread of the coronavirus. It is clear that financial technology services, or FinTech, is here to stay and will only grow in the future.”

The foundation for FinTech in Delaware was laid in 1981, when then-Gov. Pierre S. du Pont IV signed the Financial Center Development Act, legislation designed to increase employment in the banking and financial services sector by attracting out-of-state institutions to establish subsidiaries in Delaware. Today, Delaware, despite its tiny population, is one of the world's great financial centers. Over 75% of all FinTech investment in the Philadelphia region is found in Delaware and it has the highest concentration of financial services employment in the entire country according to a study by Delaware Prosperity Partnership. The study, "Delaware in a FinTech Future," reported that Delaware ranks No. 1 per capita for the number of FinTech patents issued over the past ten years in the U.S. and No. 5 overall.

Discover Bank, this issue's presenting sponsor, is making a significant contribution to Delaware's FinTech future. In partnership with the University of Delaware and Delaware Technology Park, Discover Bank is building a new 100,000-square-foot center for FinTech innovation on the university's Science Technology and Advanced Research (STAR) Campus that will combine the prowess of academia, government, and industry to support and grow FinTech's future in Delaware. “We thank Discover and all of our partners who have made this issue of International Delaware possible,” Stone said. “Tens of thousands of readers around the world will learn what we already know: FinTech is the future of commerce and Delaware is its home.”

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 World Trade Center ® Delaware is the State’s premier international business resource. We help companies, especially small, medium-sized and emerging enterprises, to grow their international business. We provide trade leads, training programs, job leads, networking and matchmaking opportunities for Delaware companies. We serve all types of companies in various sectors including agriculture, environmental remediation, IT, medical equipment manufacturing, biopharmaceuticals, financial, legal and real estate services.  Our mission is to serve you.  Please be sure to contact us for all your international business needs. For more information visit us at www.wtcde.com

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ABOUT WORLD TRADE CENTER DELAWARE

World Trade Center ® Delaware is the State’s premier international business resource. We help companies, especially small, medium sized, or emerging, to grow their international business. We provide trade leads, training programs, job leads, and, networking and matchmaking opportunities for Delaware companies. We serve all types of companies, in sectors as varied as agriculture, environmental remediation, IT, medical equipment manufacturing and bio-pharmaceuticals, and, financial, legal and real estate services.  Our mission is to serve you.  Please be sure to contact us for all your international business needs.  
  • About Us
    • Letter From The Governor
    • Message From The President
    • Board of Directors
    • Our Team
    • Internships
    • What Companies Say >
      • Submit a Testimonial
    • Map of the Area
    • World Trade Centers Association
    • Contact Us
  • Services
    • Member Benefits >
      • Become A Member
      • Student Membership
    • Benefit Partners
    • Online Education
    • Import/Export Assistance
    • International Business Training
    • U.S. Office Setup
  • Business Directory
  • Events & News
    • Events >
      • Submit a Community Event
    • Picture Gallery
    • World Trade News You Can Use
    • Newsletters
    • Join Our Mailing List!
  • Resources
    • COVID-19
    • Are you Export Ready?
    • Trade Leads >
      • Submit a Trade Lead
  • Job Bank
  • Member Login