2016年-数据局_德勤：2016全球金融中心调查报告_62页_8mb

Deloitte: Connecting Global FinTech - Hub Review 2016 Summary

Core Content

This report, Connecting Global FinTech: Hub Review 2016, is a collaborative effort by Deloitte and All Street Research, published in September 2016. It aims to provide a comprehensive overview of 21 global FinTech hubs, analyzing their development, strengths, and challenges. The report highlights the growing importance of FinTech as a global phenomenon and underscores the need for cross-border collaboration, knowledge sharing, and innovation to support its continued growth.

Main Purpose

The report introduces the Global FinTech Hubs Federation (GFHF), an initiative by Innotribe and Innovate Finance. The GFHF seeks to connect FinTech hubs worldwide, offering a neutral platform to foster collaboration, engagement, and the exchange of best practices. This initiative aims to support entrepreneurs and investors by creating a global network and promoting a culture of innovation and entrepreneurship.

Methodology Overview

The analysis of the 21 FinTech hubs is based on a combination of hard and soft data, including:

• Global Financial Centre Index (GFCI) – Measures the competitiveness of financial centres.
• Doing Business 2016 (DB) – Evaluates the legal and regulatory environment for business.
• Global Innovation Index (GII) – Captures innovation across 128 economies.

These indices are used to calculate an Index Performance Score, where a lower score indicates a more favorable environment for FinTech growth. The methodology also includes qualitative Hub Indicators derived from interviews with local Hub Representatives, which assess factors such as regulation, proximity to customers, innovation culture, and government support.

Key Findings

Top FinTech Hubs by Index Performance Score

• London, Singapore, New York, Hong Kong, and Silicon Valley are ranked as the top five hubs, with scores of 25 or less. These hubs benefit from established financial infrastructure, strong regulatory frameworks, and a culture of innovation.
• Second-tier Hubs (scores 26–150) include Belgium, Ireland, Shanghai, and others. These hubs have developed specific strengths in certain FinTech areas, such as identity management, asset management, and payments.
• Third-tier Hubs (scores above 150) include Mexico, South Africa, India, and Kenya. Despite lower scores, these hubs offer significant potential due to less regulatory oversight and limited traditional banking penetration, which can be advantageous for FinTech growth.

Innovation Areas

• E-commerce and Retail Banking are the most frequently cited innovation areas (9 and 8 Hubs respectively), reflecting the direct-to-consumer focus of FinTech.
• Payments and Cybersecurity are also highly relevant, with 7 Hubs each highlighting them as key innovation areas.
• Wealth Management is gaining traction, driven by technologies like roboadvisory platforms.

Technologies Driving Innovation

• Data Analytics and Big Data are top technologies, highlighting the importance of data in FinTech.
• Mobile and APIs are dominant, indicating a focus on accessibility and system integration.
• Digital Identity and Machine Learning are also significant, with a concentration in developed countries.

Challenges Identified

• Limited Exit Opportunities and Risk Averse Culture are major challenges in many hubs, especially in developing markets.
• High Cost of Living and Small Market Size are issues in developed markets.
• Regulatory Uncertainty and Limited Government Support are also concerns, particularly in emerging hubs.

Key Players and Success Stories

• Top FinTech Companies: CashForce, Doccle, Guardsquare, Silverfin, Xpenditure, Twikey, Sixdots, Sign2Pay, Koalabox, The Glue, Gambit, Edebex.
• Mature Scale-ups: Intix, Unified Post, Ingenico, NG Data, Sopra Banking, Vasco Data Security, Clear2Pay.
• Big Investors: SmartFin Capital, PMV, GIMV, Volta Ventures, and Capricorn Ventures.
• Success Stories: Collaboration among major financial institutions on strategic programs like identity management, KYC, and IoT applications.

Conclusion

The report emphasizes that while global rankings are useful, they do not fully capture the unique dynamics of each FinTech hub. It calls for continuous evolution and improvement in support structures, including regulatory frameworks, investment opportunities, and innovation culture. The GFHF aims to create a more connected and collaborative global FinTech community, helping entrepreneurs and investors navigate the diverse landscape of FinTech ecosystems.

Hub Profiles

• Belgium: Known for its strong identity management and KYC capabilities, with a favorable investment environment and a central location in Europe.
• Canada: Toronto leads the country's FinTech sector, with a growing financial services industry and a supportive tech ecosystem.
• France: Focused on innovation in financial services, with a strong regulatory presence and a vibrant FinTech community.
• Holland: Emphasizes proximity to customers and a favorable regulatory environment.
• Hong Kong: A global financial hub with strong regulatory frameworks and a strategic location.
• India: Shows potential in payments and digital identity, supported by a large and growing market.
• Ireland: Has a strong asset management focus, supported by a stable regulatory environment.
• Israel: Known for its innovation culture and technological expertise, particularly in cybersecurity and digital identity.
• Kenya: Highlights mobile payment systems, with a unique approach to financial inclusion.
• London: A leading global FinTech hub with a mature ecosystem and strong government support.
• Luxembourg: Strong in financial services and technology, with a focus on regulatory and legal expertise.
• Mexico: Emphasizes a top-down approach with government-backed internet banks.
• New York: A major financial center with strong innovation culture and investment opportunities.
• Shanghai: Focused on payments and digital finance.
• Singapore: A global leader in FinTech with a supportive regulatory environment and strong government backing.
• South Africa: Shows potential in FinTech through incubators and accelerators.
• South Korea: Benefits from government support and has a growing FinTech industry.
• Sydney: A rising hub with a strong focus on innovation and collaboration.
• Switzerland: Known for its financial services expertise and regulatory environment.

Final Thoughts

The report concludes that the FinTech sector is not only growing in volume but also in influence. The GFHF plays a crucial role in fostering this growth by connecting hubs, encouraging collaboration, and promoting a culture of innovation. As the sector evolves, it will be important for all hubs to adapt and improve their support structures to remain competitive and relevant.