The United States is a leading innovator in the world of finance and technology, with many companies making groundbreaking strides in the industry. In 2023, significant U.S.-based financial technology (FinTech) companies are continuing to make advances in areas such as artificial intelligence (simulated intelligence), blockchain, digital banking, robo-advisors, automated trading, risk management, and payments.
Simulated intelligence has been at the forefront of FinTech innovation for several years at this point. Companies like Google, Microsoft, IBM, and Amazon have developed powerful simulated intelligence platforms with the capacity to process large volumes of information quickly, accurately predicting customer behavior.
1. Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm that provides a wide range of services to a substantial and diversified client base. Founded in 1869, Goldman Sachs is headquartered in New York City and operates in more than 30 countries around the world.
Goldman Sachs has become one of the most successful financial institutions in the world, providing its clients with access to capital markets, risk management expertise, market-leading products and services, and unparalleled service and execution.
2. JPMorgan Chase & Co.
JPMorgan Chase & Co. is a leading global financial services firm headquartered in New York City. It is the largest bank in the United States and one of the largest banking institutions in the world, with operations in more than 100 countries and assets of approximately $3.3 trillion.
The company provides an expansive cluster of financial services to corporations, governments, institutions, and individuals, including investment banking, asset management, retail financial services, commercial banking, private equity investments, and more.
3. Fidelity Investments
Fidelity Investments is a global investment management company based in Boston, Massachusetts. It was founded in 1946 by Edward C. Johnson II and is one of the largest asset managers in the world, with over $7.2 trillion in assets under management.
Fidelity offers individual investors access to a wide range of mutual funds for retirement and other investing needs, as well as trading platforms, online banking, and other services. Fidelity is renowned for its cutting-edge technology, which helps to make investing efficient and cost-effective for customers. Fidelity focuses on low fees, screening tools, portfolio analysis, retirement planning, and active advisor support.
4. Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services. The company’s clients include corporations, governments, institutions, and individuals.
It operates in more than 42 countries and has over 60,000 employees. Morgan Stanley has leading market positions in the U.S., Europe, the Middle East, and Asia Pacific. Founded in 1935, the firm is headquartered in New York City.
5. Charles Schwab Corporation
Charles Schwab Corporation is a diversified financial services company based in San Francisco, California. The company provides services for individuals and institutions that include brokerage, banking, asset management, financial advisory, and more.
Charles Schwab was founded in 1971 by Charles R. Schwab, who pioneered the discount brokerage industry. The company has developed over the years and presently boasts over $4 trillion in assets under management and over 16 million active clients worldwide.
6. Citigroup
Citigroup Inc. is a global financial services company headquartered in New York City. It has more than 200 million customer accounts and does business in more than 160 countries.
Citigroup provides consumers, corporations, governments, and institutions with a wide range of financial products and services, including consumer banking, corporate banking, investment banking, securities brokerage, wealth management, private banking, insurance, trust and asset management, and venture capital.
7. U.S. Bancorp
U.S. Bancorp is one of the largest financial services holding companies in the United States, with total assets of approximately $465 billion as of December 31, 2022. It operates more than 3,300 branches and 4,800 ATMs across 24 states and provides a full range of banking, investment, trust, and payment services in consumer, business, government, and institutional banking.
Founded in 1863, U.S. Bancorp has a long history of providing excellence in customer service, commitment to the community, and innovative products and services for its customers. The company’s core businesses are consumer banking, commercial banking, corporate banking, private banking, wealth management, retail, and payment solutions.