A tale of 44 cities | Toronto 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 e y r s a r e a Toronto s Hub profile S yd n e y G Fr o a v n e k r fu n rt m e G n l o b a l F i t C n e s n t r T e u 1 p or 3 p ont o o r Toronto is recognised as one of the largest and most stable financial t centres in the world that encompasses a diverse tech and S t oc academic community. Nearly 80% of fintech startups in Canada khol are Toronto-based and supported by government, private investors m and the corporate community. Incumbent banks are dedicating In n n INDEX SCORE o o v 500 startups i a 40-60% of their FinTech innovation budgets to areas such as artificial at t Tokyo v i o Creative Destruction Lab intelligence, cybersecurity and blockchain. Venture-capital financing on n nI l 22suBoD uc Digital Media Zone (DMZ) in Canadian FinTech was up 74% from 2015 to 2016, its highest level abolxedn51 50 enigni rutl MaRS since 2000. This growth continues to attract global banks, investors GI ss e One Eleven Techstars and startups that are looking to set-up shop and expand their FinTech innovation in Toronto. Low Rank tise Re per gula o ex tion ty t imi rox P Hub representative MaRS Discovery District CEO For mers eign st o custo Ilse Treurnicht artups Proximity t Source: Global FinTech Hubs Federation Produced by Deloitte 110