A tale of 44 cities | Madrid 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 Madrid s Hub profile P rag u e G Br o u v s e s r e n l m s e G n l o b a l F i t C n e s n t r M e u 6 p a 8 p drid o r t Bstartup of Sabadell n Community of Madrid o i t M a ila v n o n n I l a x b e o l d I G n 8 n I 2 n INDEX SCORE o v a t Bangkok i o Madrid is at the forefront of driving innovation in Spain. There is a c n favorable ecosystem for FinTech and entrepreneurship but further 128 utlu government and regulatory support is needed to reduce the barriers er to entry. Blockchain, Big data and P2P networks are among the technologies underlying the innovation in Madrid. Low Rank B Doin tise R usinesg er eg 3 s xp ula 2 o e tion ty t imi rox P Hub representative Asociación Española de For mers FinTech e InsurTech eign st o custo artups Proximity t CEO Jesus Perez Source: Global FinTech Hubs Federation Produced by Deloitte 48