Skip to main content
123 Main Street
Anytown, United Kingdom
text: Global Fintech Review 2016

Connecting Global Fintech: Hub Review 2016

| Nalinee |

Deloitte has recently published ‘Connecting Global Fintech: Hub Review 2016’ (Sep 2016) which is a study of over 21 hubs across the globe, providing an Index Performance Score for the following areas:

  • Global Financial Centre Index (GFCI)
  • Doing Business 2016 (DB)
  • Global Innovation Index (GII)

The study shown the top 5 hubs

with the best (lowest) Index Performance Scores are: London, Singapore, New York, Hong Kong, and Silicon Valley.

‘These Hubs already have the appropriate ingredients (i.e. specialised talent, progressive regulatory bodies, investment capital, government support, etc.) and the strong collaboration within the ecosystem that is required to develop leading global FinTech sectors, and which are capable of innovating across the financial services and technology landscape.’,

Louise Brett, Lead Partner UK Fintech Deloitte


Global Fintech

global fintech



London scored the best Index Performance amongst the other fintech global hubs.

London is the world’s largest financial sector, which has a strong regulatory framework, solid government support and advance technology ecosystem. Some of its top Fintech companies are, Crowdcube, Kantox, LendInvest, Market Invoice, Worldpay and Zopa.

The main challenges that London has as a fintech hub are its high cost of living, office space and labour.

london fintech




There is no surprise that Singapore is one of the top fintech hubs, with strong government support where S$225m funds are committed in the development of fintech projects.  The industry is also supported by many strong fintech focused accelerators and venture capital/investors.

singapore fintech



New York

New York is without doubt the leading global financial hub and its largest and most established financial services institutions.  The report stated that they are expecting to see a higher level of collaboration between fintech and financial institutions in order to scale up their activities.




Silicon Valley

Silicon Valley is the land of tech startup from Apple, Google to Facebook.  It is also the homeland of many successful fintech startups namely PayPal, LendingClub, Stripe and Prosper.  Largest contribution to its success is the ingrained culture of innovation and its expertise in building and scaling businesses into a global company.




Hong Kong

Hong Kong has long positioned itself as ‘Asia’s super connector’ especially for B2B solutions.  It is also a hub for expansion into China and vice versa.  Their core innovation areas are in FX, e-commerce, wealth management, cyber-security and robo-advisors.




Deloitte in collaboration with All Street Research, ‘Connecting Global Fintech: Hub Review 2016’, September 2016



Related articles


Related Articles

Singapore Businesses

Singapore Businesses Remain Positive Outlook for 2024

| ,
The Department of Statistics Singapore has recently released Business Expectations Services Secto…
Unveiling the Atradius Payment Barometer 2023: Downbeat Exports Outlook Poses Challenge for B2B Trading on Credit

Unveiling the Atradius Payment Barometer 2023: Downbeat Exports Outlook Poses Challenge for B2B Trading on Credit

The latest Singapore Atradius Payment Barometer for 2023 has shed some light on how businesses ar…
Text: payment barometer 2022 Increase in write offs

Singapore: Increase in Write-offs Across B2B Invoices

Atradius released its latest annual Business-to-Business (B2B) Payment Practices Barometer&n…

Take Control of Your
Cashflow today

Apply for free in less than 2 minutes with Xero integration or via our online application form. Boost your business growth with Invoice Finance today.