Innotribe and Innovate Finance launch global hub federation
Lawrence Wintermeyer, CEO of Innovate Finance
Innotribe, Swift’s innovation arm, and membership organisation Innovate Finance have launched a Global FinTech Hubs Federation (GFHF) to help foster innovation.
To date, more than 20 countries – including Canada, China, Germany, Mexico, Switzerland, and the UK – are participating in the GFHF, with more countries expected to join in the coming months.
Lawrence Wintermeyer, CEO of Innovate Finance, says GFHF will help “global fintech players and hubs to share knowledge and build an inclusive community network that will help accelerate the growth and influence of global fintech and help shape a better financial services future”.
GFHF offers access to international events including Sibos and the Innovate Finance Global Summit, as well as accessing events hosted by GFHF participants.
The idea behind the initiative emerged from Sibos 2015, where Innotribe says it dedicated a session to the rise of hubs globally. Innotribe says there is a “strong battle for talent, start-ups and investment by economic financial centres”.
Following the launch of the GFHF, different fintech hubs will be invited to Sibos again this year, as a follow-up to Innotribe’s benchmark session in Singapore in 2015.
The federation will also publish its inaugural report later this year. This report will establish the 2016 baseline for over 20 emerging and established hubs and will be developed in collaboration with Deloitte.
