Toronto was ranked fourth in the world in the list of global fintech centres of the future, according to a survey published by the Toronto Financial Services Alliance and Z/Yen. The survey was based on responses from 300 individuals working in financial centres across the world. The report highlighted the key factors behind Toronto’s favourable rank included a “very strong government support, low cost of accommodation, great cultural diversity and plenty of capital available.”
| Ranking | City |
|---|---|
| 1 | San Francisco, United States |
| 2 | New York, United States |
| 3 | London, England |
| 4 | Toronto, Canada |
| 5 | Singapore |
| 6 | Hong Kong |
| 7 | Tel Aviv, Israel |
| 8 | Berlin, Germany |
| 9 | Sydney, Australia |
| 10 | Frankfurt, Germany |