Financial Services

Ohio is the No. 5 largest financial services industry in the U.S. The state is No. 5 in top 50 bank headquarters and tied for No. 2 in top 50 insurance headquarters by assets. In addition to Ohio’s financial services advantages, you can access nearly 75% of the U.S. and Canadian financial services industry within a two-hour flight. With this concentration of financial services companies operating in the state, the advancement of fintech through research, technology and innovation makes Ohio a primary landing spot for financial services and financial technology companies that shape the future of fintech.

In Ohio, you can:

• Collaborate with world-leading insurance and financial institutions including Progressive Insurance, KeyBank, Huntington, and Fifth Third Bank, as well as industry-disrupting fintech companies including Klarna, Root Insurance, and Alliance Data.
• Get the same results as investments in coastal cities, but with lower rents, cheaper office space and operations, as well as affordable talent. In Ohio, every dollar goes further, resulting in more capital to invest in Research & Development (R&D) and company expansion.
• Hire sophisticated tech talent to power your fintech innovations in rising tech cities such as Cincinnati, Columbus, and Cleveland, which are consistently ranked among the top cities for young professionals and tech talent.
• Benefit from a supportive business and regulatory climate. In August 2018, Ohio demonstrated its commitment to a fintech future by passing legislation that protects firms developing innovative uses for blockchain technology.

A JobsOhio R&D Center Grant is also available to help financial and insurance companies pursuing innovations including regtech, digital banking, insurtech, blockchain, AI, and risk management. Ohio’s resources and assets form financial services sector conducive to innovation, leadership, and industry-defining action.

The next step in achieving your financial services goals starts in Ohio.