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It’s Official – London is the Fintech Capital of the world

By Bernard Lunn

According to my crude scoring system (shown below) London wins the Fintech Capital of the World title.

I am using the Minimum Viable Product mantra of “if the first version does not embarrass you, you have left it too late to launch”. I know my scoring system is crude and some of the scores will change after further input and research. That is the point of using Daily Fintech as a collaborative research tool. We learn by putting stuff out there and getting market feedback.

I feel qualified to do this because a) I have lived and worked in all three regions (America, Europe and Asia) and b) the Fintech Global Tour went to 19 places (and then later some smaller more alternative places).

I took the top 10 Global Financial Centers as a starting point:

GFC Rank
New York 1
London 2
Hong Kong 3
Singapore 4
Tokyo 5
Zurich 6
Seoul 7
San Francisco 8
Chicago 9
Boston 10

Then I created 4 Criteria specific to Fintech:

I gave each equal weight. I applied a crude ranking of 1, 2 or 3 (lower is better).

Comments on these criteria and ranking:

Without further ado, here is the ranking (lower is better):

GFC Unicorn Regs Hubs Funds Score
London 2 2 1 1 2 8
New York 1 2 3 2 2 10
Hong Kong 3 3 2 3 3 14
Singapore 4 3 2 2 3 14
San Fran 8 1 2 2 1 14
Tokyo 5 3 2 3 3 16
Zurich 6 3 2 3 3 17
Seoul 7 3 2 3 3 18
Boston 10 3 2 2 2 19
Chicago 9 3 2 3 3 20

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