1、Zurich Gl o b al F in C e nt re D oi n g B u si n es s Gl o b al I n n ov at io n In d e x Frankfurt Seoul Go ve rn me nt su pp ort In no va ti on cu ltu re Pr ox im ity to e xp ert ise Pr ox im ity to c us to me rs Fo re ig n s ta rtu ps Re gu lat io n High Rank Low Rank Hong Kong Silicon Valley Hu

2、 b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s A tale of 44 cities Connecting Global FinTech: Interim Hub Review 2017 Published by Deloitte April 2017 “ We want to encourage global engagement, best practices, and knowledge sharing, as well as build bridges between all FinTech

3、hubs for entrepreneurs and investors to connect.” Global FinTech Hubs Federation Connecting the global FinTech community 04 Readers note 06 Methodology 07 Reading guide 13 Research findings 14 Overview Index Performance Scores 17 Overview Hub Indicators 18 Global FinTech VC deal value 2016 19 Map of

4、 regulatory sandboxes 20 Map of regulatory collaboration 21 New Hubs 22 Abu Dhabi 24 Auckland 26 Bangkok 28 Budapest 30 Chicago 32 Contents Copenhagen 34 Edinburgh 36 Istanbul 38 Jakarta 40 Kuala Lumpur 42 Lagos 44 Lisbon 46 Madrid 48 Manama 50 Milan 52 Moscow 54 Oslo 56 Prague 58 Sao Paulo 60 Shenz

5、hen 62 Stockholm 64 Taipei 66 Tokyo 68 Warsaw 70 Old Hubs 72 Amsterdam 74 Bangalore 76 Brussels 78 Dublin 80 Frankfurt 82 Hong Kong 84 Johannesburg 86 London 88 Luxembourg City 90 Mexico City 92 Nairobi 94 New York 96 Paris 98 Shanghai 100 Silicon Valley 102 Singapore 104 Sydney 106 Tel Aviv 108 Tor

6、onto 110 Zurich 112 Acknowledgements 114 3 A tale of 44 cities | Contents Connecting the global FinTech community Fabian Vandenreydt Global Head of Securities Markets, Innotribe and Singapores MAS has signed more FinTech cooperation agreements than other regulatory bodies in the world. Although the

7、tangible outcomes of these agreements largely remain to be seen, cooperation between regulators globally has undeniably become a trend. Louise Brett UK FinTech Lead Partner, Deloitte GFHF HubsNew HubsOld HubsTotal Africa 123 Asia Pacific7512 Central and South America112 Europe 12820 Middle East 213

8、North America134 Grand Total242044 15 A tale of 44 cities | Research findings Although our research only included two Hubs from the Gulf region, both Hub Representatives presented very similar self-assessments. For one, both Hubs claimed excellent government and regulator support for FinTech and the

9、se are evidenced by the range of initiatives that the government and regulatory bodies are driving together. For example, the RegLab in Abu Dhabi, the FinTech Hive and 2020 blockchain ambition in Dubai and the FinTech work driven by the EDB in Bahrain. In Africa, FinTech developments continue to be

10、concentrated around mobile and social payments. Highly successful FinTechs are rare as low levels of government and regulatory support and lack of quality infrastructure continue to be barriers to scaling. In the Central and South America region, Brazil leads the pack by way of investment and number

11、 of FinTechs and much of the activity is concentrated in Sao Paulo. Broadly, across the region, corporates and investors are the ones proactively developing the local FinTech ecosystems. However, there are positive signals that government and regulator support for FinTech is increasing. For example,

12、 Mexicos new financial inclusion strategy is expected to promote FinTech growth. Finally, we complete the map with North America. While Silicon Valley and New York continue to be the indisputable top FinTech Hubs in the USA, and Toronto in Canada with 80% of the Canadian FinTech activity in this Hub

13、, over the last year we have seen a number of other emerging Hubs: Chicago, which has been included in this Interim report; and Charlotte, North Carolina, which will feature in the next GFHF report. Another interesting development in the USA in recent months has been regulation, particularly in rega

14、rds to the OCCs FinTech charter. As the USAs complex and fragmented regulatory environment has been cited as a challenge by US FinTech Hubs in our research, it will be interesting to review these developments again in our full Sibos report which will be launched in October. Closing remarks As we hav

15、e seen, FinTech ecosystems continue to evolve at pace across the globe. As these ecosystems evolve, so too will the report and its methodology for assessing and presenting the FinTech developments in these Hubs. As identified within the Readers Note section, we are pleased to be working with the Glo

16、bal FinTech Hubs Federation to review and refine the methodology and improve the robustness of the assessments currently being completed by each Hub. Without giving away too much, we are very excited about the new Full Report that we will be releasing at Sibos in October and look forward to working

17、closely with ecosystem participants across all the GFHF Hubs over the coming months. 16 A tale of 44 cities | Research findings Chicago Index Performance Score New HubsOld Hubs 125 A lower Index Performance Scores indicates that the Hub is more conducive to FinTech growth based on the amalgamation o

18、f three global indices. 26150 150+ 125 26150 150+ Toronto Tel Aviv Abu Dhabi Tokyo Amsterdam Shanghai Hong Kong Taipei Jakarta Singapore Frankfurt Moscow Warsaw Prague Istanbul Budapest Shenzhen Bangkok Kuala Lumpur Sydney Auckland Silicon Valley New York Mexico City Sao Paulo Brussels Zurich Luxemb

19、ourg City Lisbon Madrid Milan Lagos Bangalore Johannesburg Nairobi Paris 20 50 Stockholm55 111 99 55 70 119 22 57 255 11 46 167 108 126 168 151 125 137 101 45 n/a 18 14 181 243 Oslo77 127 41 83 124 128 n/a n/a 187 n/a Dublin56 London11 Edinburgh76 76 132 178Manama Copenhagen71 Overview Index Perform

20、ance Scores 17 A tale of 44 cities | Overview Index Performance Scores Go ver nm en t s up po rt In no va tio n c ult ur e Pr ox im ity to e xp ert is e Pr ox im ity to c us to me rs Fo re ig n st ar tu ps Re gu la ti on Chicago Sydney CopenhagenTaipei Tel AvivDublin TokyoEdinburgh FrankfurtToronto

21、WarsawHong Kong ZurichIstanbul Jakarta Johannesburg Kuala Lumpur Lagos Lisbon London Luxembourg City Madrid Manama Mexico City Milan Moscow Nairobi New York Oslo Paris PragueAbu Dhabi AmsterdamSao Paulo ShanghaiAuckland BangaloreShenzhen Silicon ValleyBangkok SingaporeBrussels BudapestStockholm This

22、 diagram lists the Hubs from left to right in alphabetical order. The colours of the Hub Indicators refl ect the response given by the Hub Representative in relation to this category. Excellent Good Better than average Average Not good Excellent Good Better than average Average Not good New HubsOld

23、Hubs Overview Hub Indicators 18 A tale of 44 cities | Overview - Hub Indicators US $6.2bn UK $783m Brazil $161m Germany $384m Norway $4m Czech Republic $6m Denmark $32m Sweden $62m Poland $1m Israel $173m Turkey $17m South Africa $15m Nigeria $1m India $272mChina $7.7bn Japan $87m Australia $91m New

24、 Zealand $7m Ireland $524m Luxembourg $2m France $68m Switzerland $34m Spain $12m Italy $9m Singapore $86m Malaysia $4m Thailand $19m Canada $183m Mexico $72m Globally, $17.4 billion invested over 1,436 deals in 2016 Hong Kong $170m Indonesia $5m Taiwan $6m $500m $100m $10m $10m Source: PitchBook Co

25、mpiled by Deloitte Russia $7m Netherlands $20m Belgium $28m The map below shows the 2016 global FinTech deal values for countries covered by this Interim report. Note that Bahrain, Hungary, Kenya and UAE had deal values less than $1 million and therefore were not included in the map below. All figur

26、es below are in US Dollars. 19 A tale of 44 cities | Global FinTech VC deal value 2016 Global FinTech VC deal value 2016 Norway Proposed Financial Supervisory Authority (FSA) of Norway, ICT Norway Malaysia Live Bank Negara Malaysia (Central Bank) Netherlands Live Dutch fi nancial supervisors the Aut

27、hority for the Financial Market (AFM) and De Nederlandsche Bank (DNB) Taiwan Proposed Financial Supervisory Commission (FSC) Indonesia Proposed Bank Indonesia (Central Bank) USA Proposed Federal Reserve Board / Treasury Department / Securities and Exchange Commission Thailand Proposed Bank of Thaila

28、nd Key Proposed Formal statement made by a regulatory or government body Live Accepting applications or conducting trials Russia Proposed Central Bank of Russia Source: Innovate Finance Compiled by Deloitte Dubai Proposed Dubai Financial Services Authority (DFSA) Dubai International Financial Centre

29、 Authority (DIFCA) Canada Live Ontario Securities Commission (OSC) UK Live Financial Conduct Authority (FCA) Switzerland Proposed Financial Market Supervisory Authority (FINMA) Singapore Live Monetary Authority of Singapore (MAS) Australia Live Australian Securities stable political, regulatory and

30、judicial regimes; a business-friendly environment; excellent technology infrastructure and availability of capital. Furthermore, its location in the East-West corridor means that Abu Dhabi is well-positioned to be the FinTech nexus for the MENA region. Abu Dhabi Hub profi le Hub representative Abu D

31、habi Global Market CEO Richard Teng Go ve rn me nt su pp ort In no va ti on cu ltu re Pr ox im ity to e xp ert ise Pr ox im ity to c us to me rs Fo re ig n s ta rtu ps Re gu lat io n High Rank Low Rank INDEX SCORE 99 Hu b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s Source: Glo

32、bal FinTech Hubs Federation Produced by Deloitte NEW HUB 24 A tale of 44 cities | Abu Dhabi Flat6Labs GlassQube Co-working Hu b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s Top FinTech companies While FinTech is a recent development in Abu Dhabi, some financial institutions hav

33、e started embracing and deploying FinTech solutions. For example: The National Bank of Abu Dhabi (NBAD) was the first bank in MENA to go live on blockchain for real time cross border payments with Ripple, the Abu Dhabi Islamic Bank (ADIB) partnered with Fidor Bank to launch the regions first communi

34、ty based digital bank and within the first batch of 11 Regulatory Laboratory applications, we see a mix of FinTech players including robo-advisors, big data, crowdfunders and a digital bank. Big investors Abu Dhabi is home to some of the largest sovereign wealth funds and financial institutions (e.g

35、., National Bank of Abu Dhabi, the largest bank in the MENA region) and a high concentration of institutional and private wealth. Success stories The launch of the RegLab was a milestone success for Abu Dhabi as this marked the openness and support by regulators and government towards innovation. Th

36、e collaboration between banks and startups, and the banks innovation strategies more broadly, is also another success story as it highlights the attitude of the main institutions towards FinTech. The future In 2017, ADGM plans to host and organise a FinTech Summit. Leading up to the Summit, there wi

37、ll be a series of FinTech hackathon / demo day events to showcase the FinTech entrepreneurial scene in the region. ADGM received the first batch of 11 applications for the RegLab in January 2017 and expects to complete its assessment for the first batch and open the 2nd batch of application in Q2 20

38、17. Hub featuresBest workspace and accelerators Technologies Innovation areas Challenges Cloud computing Mobile Social media Banking-as-a-service Credit and debit cards E-commerce Identity management Payments Mobile apps P2P crowdfunding Risk averse culture High cost of office space Limited exit opp

39、ortunities 25 A tale of 44 cities | Abu Dhabi D oi ng B us in es s 1 Gl o ba l I n n ov at io n In d ex Gl o ba l I n n ov at io n N /A Gl o ba l Fi n C e nt re 1 7 Auckland Auckland is New Zealands largest and most internationally connected hub, with a third of the countrys population and the large

40、st number of businesses. The city hosts the entire diverse spectrum of fi nancial services, as well as the largest concentration of the countrys vibrant tech sector. Combine this with strong central and local government support and direct links to the countrys other hubs, Auckland is an ideal enviro

41、nment for innovating FinTech. Auckland Hub profi le Hub representative New Zealand Financial Innovation and Technology Association (FinTechNZ) CEO Mitchell Pham High Rank Low Rank INDEX SCORE n/a* * The data for Auckland is not available on the Global Financial Centre Index. As such, Auckland has no

42、t been given an Index Performance Score. Go ve rn me nt su pp ort In no va ti on cu ltu re Pr ox im ity to e xp ert ise Pr ox im ity to c us to me rs Fo re ig n s ta rtu ps Re gu lat io n Hu b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s 26 A tale of 44 cities | Auckland Source

43、: Global FinTech Hubs Federation Produced by Deloitte Source: Global FinTech Hubs Federation Produced by Deloitte NEW HUB Astrolab Creative HQ Kiwibank Lightning Lab FinTech Accelerator The Icehouse * The data for Auckland is not available on the Global Financial Centre Index. As such, Auckland has

44、not been given an Index Performance Score. Go ve rn me nt su pp ort In no va ti on cu ltu re Pr ox im ity to e xp ert ise Pr ox im ity to c us to me rs Fo re ig n s ta rtu ps Re gu lat io n Hu b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s Top FinTech companies Equitise, Harmon

45、ey, InsuredHQ, Latipay, Paymark, SavvyKiwi, Trademe, Xero. Big investors All major banks, insurers and finance companie; venture funds; NZ Venture Investment Fund; and Callaghan Innovations. Success stories Xero, a software company that develops cloud-based accounting software for small and medium-s

46、ized businesses, has been a very successful FinTech to emerge from the country. At the other end of the spectrum, LatiPay, an online payments service between China and New Zealand, is gaining a significant amount of growth and traction, and will likely emerge as a future success story. The future In

47、 2017, there will be a much more visible FinTech community in Auckland, and in New Zealand more broadly. While policymakers and regulators traditionally focused on Wellington, Auckland will see a lot more policy engagement on FinTech issues, challenges and opportunities. 2017 will also see more conn

48、ections between Auckland FinTech innovators and the international community who are already reaching out to the hub. Hub featuresBest workspace and accelerators Technologies Innovation areas Challenges Data analytics Cloud computing Mobile APIs Internet of Things Capital markets Retail banking E-com

49、merce Wealth management Robo advisors Low levels of knowledge sharing Small size of market (leading to Low access to capital) Skills shortages - technology 27 A tale of 44 cities | Auckland Digital Ventures Dream Offi ce (C-Asean) Dtac Accelerate Krungsri Rise Budapest Milan Madrid Gl o b al F in C e nt re 3 9 D oi ng B us in es s 4 6 Gl o b al I n n ov at io n In d ex 5 2 Moscow Bangkok The Thai FinTech ecosystem is growing rapidly.