the toronto region* is one of the world’s leading fintech ... · startups based in the toronto...
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190+ FinTechs
19 VC Firms
20+Incubators/Accelerators
FINTECH SPACE FINANCING TALENT
TORONTO REGION FINTECH ECOSYSTEM
118% CAGR Highest globally
1Ryerson University’s DMZ is ranked #1 university-based incubator in the world
$125 MILLIONCommitted by the
Government of Canada to support AI
leadership
Toronto is home to world renowned Vector Institute focused on machine and deep learning to solve real world problems
40+ NEW FINTECHS SINCE 2016
TECHNOLOGY TRENDS
Toronto region has the highest
concentration of AI startups in the world
52%
of executives believe cybercrime will be the
most disruptive economic crime in coming years
50%
of Canadian Distributed Ledger Technology
startups based in the Toronto region
World’s first quantum machine learning start-up
program at Creative Destruction Lab
1
Artificial Intelligence Blockchain Cybersecurity Quantum Computing
BENCHMARKING
1 Silicon Valley 2 New York 3 LondonToronto
ranks
out of top 15 global fintech hubs
9Infographic is compiled by Accenture and McMillan - January 2019*The Toronto region refers to the Toronto-Kitchener-Waterloo Corridor
REGULATIONS
2019 Federal Government reviewing open banking
2018 Legislation enables FRFIs to increase participation in the fintech sector
2017 Ontario announces a “regulatory super sandbox” to spur innovation
The Toronto region* is one of the world’s leading fintech hubs, with an investment rate among the highest globally. In recent years, it has attracted significant attention from international investors, accelerators, and startups.
Source: Toronto Finance International Report - Seizing the Opportunity: Building the Toronto Region into a Global Fintech Leader – Update 2019.