1、The Future of Finance is Emerging: New Hubs, New Landscapes Global Fintech Hub Report 2018 Hangzhou 2018-11-14 Launched By Foreword As a new promoter for the global economic and financial development, Fintech is becoming a focus for each country to ignitetheireconomy,andanewFintechlandscapeis emergi

2、ng. At the same time, there is a growing awareness of theimportanceofregulatorycapabilities,innovative environment, and the availability of digital infrastructure, which may be fundamental for the sustainable development of Fintech. Since the first launch of theGlobal Fintech Hub Index 2018in Amster

3、dam in June, we continued to broaden our observation scope, and studied more than 70 cities in 6 continents, and drew a “30+N” global landscape that included the TOP30 global Fintech hubs and many emerging hubs. Time is something we cannot lose, and opportunity is what we cannot miss. A slogan for t

4、he new Fintech era is more integrated, more generous, and more borderless. It represents the good wishes for an inclusive financial system, where “everyone is born equal” and are calling us to seize the moment, be brave to lead, and to create a new world. 1 传统金融机构拥抱金融科技 Out of the TOP7 global Fintec

5、h hubs, 6 are in Asia and the Americas. In Europe, only London comes in at No.4, development is slightly slower Asia and Americas Lead, Europe Follows Key Findings Generally, traditional financial institutions have recognised the importance of Fintech. They either rely on their own advantages, or ac

6、tively seek cooperation with Fintech businesses Traditional Financial Institutions Embrace Fintech 2 Practical adoption of Fintech precedes regulatory activities, especially in developing countries, which may lead to chaotic development, and hinder the sustainable development of the industry Practic

7、e Precedes Regulation, Leading to Chaotic Development China leads in the number and percentage of Fintech users. India comes at a close second, while developed nations continue to lag behind The Fintech Adoption Rate is Gradually Increasing Contents 01. 2018 Fintech Hubs 01-1. Keywords 01-2. Global

8、Landscape 01-3. Rankings 02. Deeper Insight 02-1. Global Fintech Hubs 02-2. Regional Fintech Hubs 02-3. Emerging Fintech Hubs 03. About GFHI 03-1. The Index System 03-2. Data the city with the most balanced development in the USA Key Advantages 1.The centre for financial derivatives, insurance and r

9、isk management; The Chicago Mercantile Exchange facilitates approximately 20% of the worlds futures, options and derivatives trade 2.Leading Fintech companies develop quickly: Avant and TransUnion each received over $1B funding; Number of Fintech companies with total VC investment exceeding $50M ran

10、ks 10th globally ExperienceExperience 24 EcosystemEcosystem 12 IndustryIndustry 8 Chicago Relying on Its Financial Sector Advantages to Develop Fintech TotalTotal RankingRanking 8 Opportunities 1.Blockchain and the cryptocurrencies trading will be the breakthrough for Chicago to become a cryptocurre

11、ncy exchange centre; It now collaborates with the Royal Mint in the UK and creates a Gold Exchange Platform based on blockchain technology 2.It established a Fintech incubatorFinTank CriteriaScoreGlobal Ranking Number of Fintech Companies With Total VC Investment Exceeding USD 50 Million 810 Financi

12、ng Received by Fintech Companies with Total VC Investment Exceeding USD 50 Million ($100M) 36.27 Percentage of Fintech Users (%)29.724 Government Policy Support (100 pt scale)73.810 Fintech Regulation Score (100 pt scale)72.616 Leading Fintech Companies: Avant, TransUnion, Braviant Holdings, options

13、Xpress,ArgonCredit 29 About Singapore A harbour city next to the south opening of the Malika Strait, also known as the “Garden City”; A world centre for finance, shipping and services Key Advantages 1.Great tech basis: recognized as the most “technology-ready” nation; “National Innovation System” su

14、pports frontier technology; high smartphone permeation (85%) 2.No.1 in Fintech regulation: established the Fintech 4 out of the top 5 are in cryptocurrency area Singapore Global Leader in Fintech Policy Support and Regulation Opportunities 1.99% out of the 220,000 companies in Singapore are SMEs in

15、2017. The large number of SMEs meant there are huge opportunities for Fintech 2.As a harbour trade city, it has a large number of foreign exchange transactions driving growth of cross-border online payment 3.Better communication with other regions, an essential advantage as the geographic sweet spot

16、 CriteriaScoreGlobal Ranking NumberofFintechCompaniesWithTotalVCInvestment Exceeding USD 50 Million 98 FinancingReceivedbyFintechCompanieswithTotalVC Investment Exceeding USD 50 Million ($100M) 7.717 Percentage of Fintech Users (%)25.229 Government Policy Support (100 pt scale)90.91 Fintech Regulati

17、on Score (100 pt scale)87.02 Leading Fintech Companies: Quoine, FUSION Foundation, KyberNetwork, M-DAQ, TenX 30 ExperienceExperience 29 EcosystemEcosystem 6 IndustryIndustry 11 TotalTotal RankingRanking 9 About Hong Kong Located south of China, one of the three global financial centres; an important

18、 trade, shipping and international innovation and technology centre Key Advantages 1.Global finance centre with ample capital 2.6 leading Fintech companies with total VC investment exceeding $50M 3.Rank No.5 in digitalization of the traditional financial sector 4.The Faster Payment System (FPS) was

19、launched by the Hong Kong Monetary Authority (HKMA) to improve bank automation 5.Public Consultation on “Guideline on Authorization of Virtual Banks” was issued in May 2018 Hong Kong Financial Institutions Accelerate Transformation, Taking Leadership in Regional Collaboration Opportunities 1.Regiona

20、l strategic collaboration: close collaboration with mainland China; Guangdong-Hong Kong-Macao Greater Bay Area development strategy brings new opportunities for HK 2.Clear, effective and efficient financial regulation system 3.Regulatory sandbox with a new functionality as the “Fintech Supervisory C

21、hatroom ” CriteriaScoreGlobal Ranking Number of Fintech Companies With Total VC Investment Exceeding USD 50 Million 612 Financing Received by Fintech Companies with Total VC Investment Exceeding USD 50 Million ($100M) 11.811 Percentage of Fintech Users (%)35.117 Government Policy Support (100 pt sca

22、le)64.227 Fintech Regulation Score (100 pt scale)80.08 Leading Fintech Companies: WeLab, Bitcoiin2Gen, Futu5, TNG FinTech Group 31 ExperienceExperience 17 EcosystemEcosystem 13 IndustryIndustry 10 TotalTotal RankingRanking 10 About Sydney Located on the south east coast of Australia, the largest and

23、 most populous city in Australia; Australias commercial, trade, financial and education centre Key Advantages 1.Attracting VC funds: 7 Fintech companies with total VC investment exceeding $50M contributes to ranking 11thglobally 2.Well regulated: the regulatory system is relatively well formed; esta

24、blished a Fintech consultation group to simplify the formation of new regulations 3.Numerous prestigious universities maintaining a large talent pool Sydney Fintech Attracts VC, High Quality Regulation Opportunities 1.Digitization of financial services: many international financial institutions are

25、headquartered in Sydney, and they are investing in innovation , e.g. Westpac and National Australia Bank are investing in Fintech companies through VC 2.The Australian Payment Clearing Associations New Payment Platform is now online which will lead Sydney closer to a cashless society 3.Regulatory sa

26、ndbox enables better Fintech ecosystem CriteriaScoreGlobal Ranking NumberofFintechCompaniesWithTotalVCInvestment Exceeding USD 50 Million 711 FinancingReceivedbyFintechCompanieswithTotalVC Investment Exceeding USD 50 Million ($100M) 9.413 Percentage of Fintech Users (%)41.314 Government Policy Suppo

27、rt (100 pt scale)64.526 Fintech Regulation Score (100 pt scale)75.614 Leading Fintech Companies: zipMoney, Payments, MoneyMe, Tyro Payments 32 ExperienceExperience 14 EcosystemEcosystem 18 IndustryIndustry 9 TotalTotal RankingRanking 11 About Seattle Located in the north west of USA; a global leader

28、 in space travel, computer software, bioinformatics and environmental engineering Key Advantages 1.Global leader in IT, and rank No.1 in market value of TOP200 global tech companies 2.The second largest technological talent market in the USA 3.Supportive policies and mature regulation, with Fintech

29、regulation ranking No.6 globally Seattle Global Technology Leader, Mature Regulation Opportunities 1.Export of technology and international collaboration: embracing the financial capital market such as China through its technology advantages 2.Technology empowers finance industry: the technological

30、sectors empower the financial sector, and accelerate the growth of the Fintech industry CriteriaScoreGlobal Ranking NumberofFintechCompaniesWithTotalVCInvestment Exceeding USD 50 Million 515 FinancingReceivedbyFintechCompanieswithTotalVC Investment Exceeding USD 50 Million ($100M) 7.916 Percentage o

31、f Fintech Users (%)41.413 Government Policy Support (100 pt scale)78.75 Fintech Regulation Score (100 pt scale)81.16 Leading Fintech Companies: Remitly, Pushpay, Amazon Pay, Tango Card 33 ExperienceExperience 13 EcosystemEcosystem 7 IndustryIndustry 20 TotalTotal RankingRanking 12 About Tokyo Locate

32、d at the centre of the main island of Japan; the political and economic centre of Japan; the largest global industrial zone, worlds famous financial centre, R Bitcoin is implemented in daily life as one of the payment methods 2.Cluster of high market-valued Fintech companies 3.Policy support increas

33、es: Fintech is one of five strategies in its Investments for the Future Strategy 2017 Tokyo Digital Currency Grows, Increase in Policy Support Opportunities 1.Traditional finance embraces Fintech: abundant financial sectors and tech companies with the finance and insurance sector accounting for over

34、 12% of GDP; Large banks are utilising their advantages to seek collaboration with Fintech companies 2.University-Industry collaboration 3.One of the most densely populated cities in the world, has a large demand for Fintech services CriteriaScoreGlobal Ranking Number of Fintech Companies With Total

35、 VC Investment Exceeding USD 50 Million 612 Financing Received by Fintech Companies with Total VC Investment Exceeding USD 50 Million ($100M) 6.718 Percentage of Fintech Users (%)21.630 Government Policy Support (100 pt scale)58.829 Fintech Regulation Score (100 pt scale)72.615 Leading Fintech Compa

36、nies: Freee, Wealthnavi, Folio, COMSA 34 ExperienceExperience 30 EcosystemEcosystem 9 IndustryIndustry 14 TotalTotal RankingRanking 13 About Boston Located in the north east of USA; one of the main high tech innovation centres, the largest medical research centre in the USA; numerous top universitie

37、s such as Harvard and MIT Key Advantages 1.Ample VC investments and strong innovation: more than 40 high-tech VC firms, more than 10 angel investment associations; No.1 in the list of “most innovative cities in the world” released by 2Thinknow 2.Gathering of top universities: excellent research capa

38、bility supported by top Universities such as Harvard and MIT; the government establishes funds to encourage University-Industry collaboration Boston Gathering of Top Universities and Active VC Investments Opportunities 1.Well-formed innovation incubator system: VC investment is active, which is supp

39、ortive to increase the commercialisation rate of technological research, and to help SMEs 2.DCU established the Fintech innovation centre, which is beneficial to industry congregation CriteriaScoreGlobal Ranking NumberofFintechCompaniesWithTotalVCInvestment Exceeding USD 50 Million 419 FinancingRece

40、ivedbyFintechCompanieswithTotalVC Investment Exceeding USD 50 Million ($100M) 6.319 Percentage of Fintech Users (%)34.418 Government Policy Support (100 pt scale)77.88 Fintech Regulation Score (100 pt scale)80.09 Leading Fintech Companies: Circle, Flywire, Levelup 35 ExperienceExperience 18 Ecosyste

41、mEcosystem 11 IndustryIndustry 17 TotalTotal RankingRanking 14 About Paris Located in the north of France, the capital of France and its political, economic, cultural and commercial centre; one of the most important financial centres in Europe Key Advantages 1.Global financial centre: it is one of t

42、he most important finance centres in the world with 5 banks ranking TOP10 in Europe 2.Government supports the development of SMEs: beneficial tax policies for investment capital income, especially to SMEs; SME investments can be spread into 5 years, and the government can supply free office space an

43、d subsidies Paris European Finance Centre, Strong Government Policy Support Opportunities 1.Excellent financial regulation: the European Securities and Markets Authority (ESMA) established in Paris has budgeted over 1 Million Euros on regulating Fintech and cryptocurrency 2.The Brexit dilemma: Brexi

44、t will somehow impact Londons financial and Fintech development, which will lead to the flow of these industries into Paris CriteriaScoreGlobal Ranking NumberofFintechCompaniesWithTotalVCInvestment Exceeding USD 50 Million 419 FinancingReceivedbyFintechCompanieswithTotalVC Investment Exceeding USD 5

45、0 Million ($100M) 5.422 Percentage of Fintech Users (%)29.025 Government Policy Support (100 pt scale)61.928 Fintech Regulation Score (100 pt scale)68.720 Leading Fintech Companies: Lendix, Baobab Group, Younited Credit, Ledger 36 ExperienceExperience 25 EcosystemEcosystem 5 IndustryIndustry 22 Tota

46、lTotal RankingRanking 15 GuangzhouStockholmAtlantaRank16Rank17 Fintech Industry 11 insurance companies began online insurance businesses in 2017 Banks such as the Bank of Guangzhou and Guangzhou Rural Commercial Bank actively digitalize their businesses Leading Fintech companies: Helibao, PPmoney Fi

47、ntech Consumer Experience Percentage of Fintech users: 85.4% (Rank No.3 ). Well-developed third party payments Guangzhou Metro is the first subway in China to accept UnionPay mobile payments Fintech Ecosystem Regulations: 3 crowdfunding platforms and many P2P platforms were closed in 2017 Representa

48、tive universities: Sun Yat-sen University, Jinan University Fintech Industry Global TOP10 in total VC investments Leading Fintech companies: Klarna, iZettle, BIMA, Lendify Fintech Consumer Experience Percentage of Fintech users: 25.4% (Rank No.27) Fintech Ecosystem Policies: the central bank decided

49、 to develop and issue the cryptocurrency “e-krona” while maintaining currency centralisation at the same time; established the Stockholm Fintech Hub Representative universities: Karolinska Institute, Stockholm University, KTH Royal Institute of Technology Fintech Industry Transaction centre: several well-known online payment companies such as NCR, First Data, Global Payments process more than 70% of USAs payment transactions Leading Fintech companies: Kabbage, GreenSky, PowerPlan, Vanco Payment Solutions, BitPay Fintech Consumer Experience Percentage of Fintech users: 32