A tale of 44 cities | Prague S e l f e v a u l a t i o n o f t H h e u h b u b i i n n d i s c High Rank ix a t k o NEW HUB e y r s a r e a Prague s Hub profile Li s b on S G h o e v n e Node5 r zh n en m StartupYard e G n l o b a l F i t C n e s n t r e u 7 p P 2 rag p ue o r t n o Although the majority of FinTech startups in the Czech Republic were i t a v o founded in the last four years, in the Czech ecosystem, benefiting from B n r n us I se l l s a x a strong technical workforce where labour costs are still significantly b e o l d G n 7 I more competitive than Western Europe, is gaining momentum and I 2 n n INDEX SCORE o v several stars are emerging. As the Czech market population is relatively a t Madrid i o small, there is strong focus on international expansion and therefore, c n for many, the Czech Republic represents an “incubator of innovation”. 126 utlu However Czech regulation leaves room for improvement and so far er there are no direct challengers of core banking services, especially in the areas of current accounts and wealth management. Low Rank ss e ni s 7 2 e R g ni o uD B rtis eg xpe ulatio to e n ity xim Pro Hub representative Czech FinTech Association For mers CEO eign st o custo Markéta Brabcová artups Proximity t Source: Global FinTech Hubs Federation Produced by Deloitte 58