A tale of 44 cities | Methodology Interim 2017 Hubs (“New Hubs”) Section 2. Index Performance Score Hub Hub Representative For each Hub, we calculated an aggregate Index Performance Score which is predicated upon three Abu Dhabi Abu Dhabi Global Market business indices (“Business Indices”). Equal weighting has been given to these indices. Auckland FinTech NZ 1 • Global Financial Centre Index 2016 (GFCI) Bangkok Thai FinTech Association • Doing Business 20172 Budapest CEE FinTech (DB) Chicago FinTEx • Global Innovation Index 20163 (GII) Copenhagen Copenhagen FinTech Edinburgh FinTech Scotland (steering committee) A lower Index Performance Score suggests that the Hub is more conducive to the growth of FinTech. Istanbul FinTech Istanbul Note 1: The Doing Business and Global Innovation Indices score and rank countries as a whole and Jakarta FinTech Association of Indonesia do not provide further breakdowns at the city-level. As a result, the same DB or GII rankings were Kuala Lumpur FinTech Association of Malaysia used for all cities in the same country. (Example: New York, Silicon Valley and Chicago use the same Lagos FinTech Association of Nigeria DB (8) and GII (4) scores.) Lisbon Associação FinTech e InsurTech Portugal Madrid Asociación Española de FinTech e InsurTech Note 2: We are aware that at the point of going to press an updated Global Financial Centre Index Manama Economic Development Board of Bahrain 21 was published. Our research is based on the GFCI 20, published in September 2016. Milan SellaLab Note 3: Four Hubs (Auckland, Bangalore, Lagos and Nairobi) are not currently included in the Global Moscow Skolkovo FinTech Hub Financial Centre Index and therefore have an Index Performance Score marked “n/a”. We seek to Oslo IKT-Norge address this as part of the next full report. Prague Czech FinTech Association Sao Paulo Fintech Committee at ABStartups 1. World Bank. 2017. Doing Business 2017: Equal Opportunity for All. Washington, DC: World Bank. DOI: Shenzhen Silk Ventures 10.1596/978-1-4648-0948-4. License: Creative Commons Attribution CC BY 3.0 IGO. Available here: Stockholm Stockholm FinTech Hub http://www.doingbusiness.org/rankings Taipei FinTechBase 2. Z/Yen. 2016. The Global Financial Centres Index 20, September 2016. Yeandle, Z/Yen London. Available here: Tokyo FinTech Association of Japan http://www.longfinance.net/images/gfci/20/GFCI20_26Sep2016.pdf Warsaw FinTech Poland 3. Cornell University, INSEAD, and WIPO (2016): The Global Innovation Index 2016: Winning with Global Innovation, Ithaca, Fontainebleau, and Geneva. License: Creative Commons Attribution CC BY 3.0 IGO. Available here: https:// www.globalinnovationindex.org 9