Global ranking of cities a to z10/3/2023 ![]() Respondents also ranked the most important areas of fintech activity, listing big data analytics as the top focus, followed by payment transaction systems, cybersecurity, and credit and risk modeling.Ĭhina's fintech market has seen substantial activity over the years, especially as tech giants Ant Financial Services Group and Tencent Holdings Ltd. The main factors that contribute to a competitive fintech environment are the availability of skilled staff, access to finance, as well as IT infrastructure, an ecosystem that encourages innovation, and the regulatory environment, the March 26 report said, citing responses in a survey. ![]() The rankings for financial centers as competitive places for fintech are a separate index, which was introduced in September 2019. ![]() The reports are released twice a year, in March and September, and the latest survey features 104 major global financial centers. All top 10 centers saw their fintech scores fall, the report said, without giving a reason. New York improved its ranking by two places, pipping Beijing and Shanghai that were the top two centers in the previous edition of the index. Shenzhen, Hong Kong, Guangzhou and Tokyo are also on the top 10 list. The 27th edition of the index of global financial centers, compiled by the Z/Yen Group in collaboration with the China Development Institute, placed New York as the leading fintech center, followed by Beijing, Shanghai, London and Singapore. Asia is home to seven out of the 10 leading fintech centers in the world, reflecting the region's focus on technology development, according to a new global rankings report.
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