Press Release

Latest News Hot off the Press

November 25, 2019


NEC Payments B.S.C (c) (NECP), a Bahrain-based fintech, today announced its participation in the venture acceleration program in Silicon FinTech Bay (SFB) operated by FinTech Consortium (FTC).

October 01, 2019

FinTech Consortium and Detroit FinTech Bay announce global partnership with center for smart infrastructure finance at the University of Michigan

Detroit, Mich., Oct. 2, 2019 – Fintech Consortium and Detroit FinTech Bay announced today the launch of a partnership with the Center for Smart Infrastructure Finance at the University of Michigan. The Center is a cofounder of the University’s FinTech Collaboratory with the Ross School of Business FinTech Initiative and the Center on Finance, Law and Policy in the Ford School for Public Policy. An immediate offering of this partnership will be the launch of a global online certificate program in InfraTech that will be promoted through the Fintech Consortium’s hub locations in Detroit, Silicon Valley, Singapore and Bahrain. Further details on the certificate program will be announced before year end.

September 05, 2019

Detroit FinTech Bay Announces Detroit Blockchain Center to join location at TechTown; Detroit FinTech Bay Board of Advisors Appointed

Detroit, September 5, 2019 - Detroit FinTech Bay announced today that it will welcome Detroit Blockchain Center as a resident within its space in TechTown Detroit. Additionally, Detroit FinTech Bay's first board of advisors is announced. Entrepreneurs and leaders from financial institutions, corporation, community groups and academia make up the group's membership.

August 27, 2019

Flagstar and Detroit FinTech Bay Announce Startups for Mortgage Tech Accelerator Program

Flagstar Bank and Detroit FinTech Bay have announced the first startups to participate in the Flagstar Mortgage Tech Accelerator Program. The three companies are Brace, which focuses on servicing non-performing loans;, which develops A1-based chatbots for the banking sector; and Home Captain, a real estate SAAS technology company that acts as a conversion optimization system.

Maissan Almaskati, chief executive officer of the FinTech Consortium in the United States, said: “We’re thrilled to be working alongside Flagstar and these three exciting, high-quality fintech startups. We’ve curated an acceleration roadmap for each of them, and look forward to facilitating and supporting their growth during this important phase. Their participation in the Flagstar Mortgage Tech Accelerator is an opportunity to uniquely contribute to the inevitable end-to-end digitization of the mortgage process.”


August 13, 2019

Detroit FinTech Bay to open in TechTown Detroit and launch Flagstar Mortgage Tech Accelerator first cohort

DETROIT, Mich., Aug. 14, 2019 – Detroit FinTech Bay announced today that it will open its doors in TechTown Detroit. The partnership comes a year after global firm FinTech Consortium first announced the presence of a Bay in Detroit. Additionally, Detroit FinTech Bay announced today that the first cohort of its Flagstar Mortgage Tech Accelerator will launch in the space in September 2019. 

“We are pleased to be setting down physical roots in Detroit,” said Maissan Almaskati, chief executive officer of the FinTech Consortium in the United States. “Detroit FinTech Bay and TechTown share a passion for ecosystem building and nurturing. Together, we will bring connectivity to global fintech, as well as incubation and acceleration services for financial institutions, corporations, and fintech startups, with a particular focus on Detroit’s strengths in automotive, mortgage and blockchain verticals of fintech.”

June 26, 2019

Flagstar Bank and Detroit Fintech Bay Launch Flagstar Mortgage Tech Accelerator Program

DETROIT, Mich., June 27, 2019—Flagstar Bank and Detroit Fintech Bay today announced the launch of the Flagstar Mortgage Tech Accelerator Program, which focuses on early stage startups active in developing innovative technology solutions for the mortgage industry. This is the first and only accelerator program in the United States exclusively focused on mortgage technology.

June 04, 2019

Kyyba Innovations, FinTech Consortium and Detroit FinTech Bay host Detroit Fintech Challenge

FARMINGTON HILLS, Mich., June 5, 2019 /PRNewswire/ -- The "Detroit Fintech Challenge" (DFC) is returning to Detroit for a second year after a successful inaugural event in 2018. DFC is an opportunity for participants to tap into the fintech ecosystem comprised of professionals, stakeholders, market leaders, and influencers in the finance, banking, and insurance services markets.


Early-stage startups and entrepreneurs compete to earn a variety of prizes while they network and work collaboratively to solve corporations', governments', and consumers' most pressing financial technology-related problems and interests, and then present them in a competitive style pitch competition. 

May 28, 2019

FinTech Consortium Announces The Launch of Silicon FinTech Bay

Redwood City, Calif., May 29, 2019 - FinTech Consortium USA (FTC) today announced the launch of Silicon FinTech Bay (SFB), a fintech corporate acceleration and startup incubation hub located in Redwood City.

The announcement marks the first opening of a physical North American location for the global FinTech brand. DBM Cloud Systems, Flagstar Bank, Franklin Templeton, Fujitsu Laboratories of America and Principal Financial Group are welcomed as initial founding corporate partners, inadvance of SFB’s June opening. 


Furthermore, Greg La Blanc, faculty director of the Berkeley Fintech Institute and distinguished teaching fellow at the University of California, Berkeley, HaasSchool of Business, was welcomed as an independent director of SFB’s advisory board.

May 12, 2019

Visa Partners with Bahrain FinTech Bay to Further Develop Bahrain’s FinTech Ecosystem

Visa has partnered with Bahrain FinTech Bay to further support the development of the FinTech ecosystem in Bahrain. Bahrain FinTech Bay was established a year ago and has around 100 partners including financial institutions, technology companies, FinTechs, public institutions, educational institutions and others to drive innovation and the entrepreneurial ecosystem. Bahrain FinTech Bay is part of the FinTech Consortium’s global hub network.

February 07, 2019

Silicon FinTech Bay Launches Introductory Video

​We are pleased to announce the launch of our introductory video.

Watch the video and discover what awaits you at Silicon FinTech Bay. 

1 / 4

Please reload



  • White Facebook Icon
  • White Instagram Icon
  • White Twitter Icon
  • White LinkedIn Icon
  • White YouTube Icon

440 Burroughs Street

3rd Floor, Suite 390

Detroit, Michigan 48202


 Incubated by

All Rights Reserved © 2017-2020 |  Privacy Policy  |  Terms and Conditions  |  FAQ