Mercer Times

New Jersey Governor Phil Murphy, Stevens Institute of Technology, and Finance Montréal have signed a Memorandum of Understanding (MOU) aimed at enhancing fintech connections between Quebec and New Jersey. The agreement was formalized during the Canada Fintech Forum in Montreal, an event organized by Finance Montréal.

Governor Murphy emphasized New Jersey's role as a hub for fintech innovation, citing the state's "unmatched talent pool, access to capital, and digital infrastructure." He noted that over a quarter of the world's top 100 fintech companies are based in New Jersey.

Stevens Institute of Technology President Nariman Farvardin highlighted the institution's leadership in financial sciences and technologies. He mentioned Stevens' involvement with the Center for Research towards Advancing Financial Technologies (CRAFT) and its partnership with NJFAST, positioning it at the forefront of fintech innovation.

Finance Montréal CEO Jacques Deforges expressed pride in collaborating with Stevens and New Jersey. He emphasized that strengthening international ties is crucial for sustaining momentum in Quebec's fintech sector.

The MOU aims to foster knowledge exchange and growth between the Montreal/Quebec and New York/New Jersey financial centers. It will involve co-development of programs, research partnerships, and expanded networks of experts and venture firms.

Wesley Mathews, President & CEO of Choose New Jersey, described the collaboration as a significant step forward for both regions. "By combining our resources, expertise, and innovation," he said, "we can drive economic growth and create new opportunities."

For more information on this initiative or other aspects of the New Jersey Canada economic mission, interested parties can contact Mahen Gunaratna or Ingrid Austin through their provided email addresses.