A tale of 44 cities | Brussels S e l f e v a u l a t i o n o f tH h eu hb u bi in nd i sc i High Rankxa t ko e yr s a r e a Brusselss Best workspace and accelerators Hub features Top FinTech companies CashForce, Doccle, Guardsquare, Silverfin, Xpenditure, Twikey, Sixdots (Belgian Hub profile BNP Paribas Fortis Technologies She Eggsplore Mobile Wallet), Sign2Pay, Koalabox, The Glue, Gambit, Edebex. n zh ING Belgium FinTech Village Internet of Things PenG KBC Start-It Successful scale-ups and more mature companies: Intix, Unified Post, Ingenico ro Digital identity av ge ur (previously Ogone), Isabel, Worldline, NG Data, Sopra Banking, Vasco Data en Data analytics m e Security, Clear2Pay (now FIS). Gn l o b a l F Platform architectures it Cn es n t r eu 6p B2p Banking-as-a-service ro ur Big investors sn st eo lsi t a SmartFin Capital, PMV, GIMV, Volta Ventures and Capricorn Ventures. v o n Innovation areas n I l a bx oe ld Success stories Gn MI3 Cyber security adrid2 Identity management All major financial services players, whilst competitors in the marketplace have In KYC jointly developed a community within the emerging FinTech scene, collaborating Since the 1970s, FinTech utilities such as SWIFT have established their n INDEX SCOREo on tangible strategic programmes such as identity management, KYC, and the base in Belgium, as a result of its favourable investment and tax va Wholesale banking t impact of the Internet of Things. Milani o Back-office operations environment, international talent pool, and central location within c n Europe. Brussels hosts the headquarters of some of the world’s127utlu The future largest financial players (such as Euroclear and MasterCard’ser Challenges The Ministry of Finance has initiated a digital task force to work on a digital master European headquarters). It also houses the European Commission, Regulatory barriers plan for the region, which will be put into action and law over the next six months. and is at the heart of the European regulatory system.Low Rank Small size of market The task force focuses on three main objectives: a digital first strategy based on Limited exit opportunities identity management, a Cyber security and privacy strategy, and the creation and support of an entrepreneurial community. tise Rsse24er Key financial and technology players have expressed their support in promoting egnisuBxp ulatgnioDto e and building the Belgian digital finance ecosystem. ionity xim Pro Hub representative B-Hive (formerly Eggsplore) Formers CEOeign sto custo Wim de WaeleartupsProximity t Data to be updated in full report (Sibos, October 2017) 79