Cape Town eyes becoming Africa’s top financial centre as its fintech star rises. fintech FinancialHub
, this year marks the 31st-edition of the GFCI, which aims to serve as a reference for policy and investment decisions.Alongside the main GFCI index, the think-tanks also analyse cities across the globe for their fintech.
Globally, Chinese and US centres continue to feature strongly in fintech, reflecting their focus on technology development. Beijing and San Francisco have overtaken London in the latest edition of the GFCI, but there is relative stability in their fintech ratings. “Part of this includes forming close partnerships with industry bodies to help boost workforces in key industries, such as IT, greentech and business process outsourcing. This has resulted in increased production, investment and job opportunities.”
The GFCI’s results for the Middle East and Africa reveal Moroccan city Casablanca as the leading financial hub in the region.
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