The best of the best in FinTech hubs

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Recently reported by Deloitte, the top financial centers FinTech hubs of the world, are London, Singapore, New York, Silicon Valley and Hong Kong. In recent years, Singapore has made a big leap forward in the development of a huge number of young companies, shifted to the second place ranking, thereby surpassing New York. Hong Kong now occupies the fifth place, South Korea is the sixth, and Shanghai is located on the eleventh place. Three indicators for the ranking are utilized; Global Financial Centers Index (GFCI) is the development of the business environment, financial sector, infrastructure, human resources and reputational factors; Doing Business (DB) and the Global Innovation Index (GII) – indicates the innovation of different cities.