According to the second output of the Global Fintech Hubs Federation – an initiative by Swift’s innovation arm Innotribe and the UK’s Innovate Finance – London and Singapore have retained their places as the top global hubs for establishing and growing a financial technology startup.
The rankings were awarded in a Deloitte report on mature and emerging fintech hubs around the world, which examined developments in 44 cities and scored each on factors including innovation, business investment and regulatory friendliness toward fintech.
London and Singapore tied in first place, followed by New York, Silicon Valley and Chicago which made a strong debut at number five.
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Oliver* 