"Next, it's an opportunity for us to ensure we're taking advantage of the talent and innovation ecosystem right in our backyard to drive our Next Generation Technology strategy forward - Boston is a hub of innovation. Lastly, as a business, we actively want to serve early-stage companies, their founders, and the VCs that invest in them - so there's a triple bottom line to how we think about connections like this."
"The Mass Fintech Hub attracted 4,000+ attendees at Boston FinTech Week this year. Impressive turnout, sure. But events don't build ecosystems - outcomes do. Mohammed Dastigir, Head of Fintech and Healthtech Partnerships at MassMutual, is clear about what the Hub isn't: "The Mass FinTech Hub is not an accelerator like MassChallenge, Plug and Play and TechStars. Instead, we see ourselves as connectors and ecosystem developers."
Banks face difficulty proving ROI from fintech hub partnerships and worry about inadvertently creating competitors. A strategic approach values presence in the innovation ecosystem, access to local talent, and serving early-stage companies and VCs as complementary business objectives. Networking and large event attendance matter less than demonstrable outcomes that move technology strategies forward. The connector model focuses on linking fintechs to the broader ecosystem and creating onramps to accelerators rather than acting as an accelerator itself. That model aims to produce hires, partnerships, and tangible commercial results beyond conference appearances.
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