Innotribe, Swift's innovation arm, and London-based Innovate Finance have signed up more than 20 countries to a new Global Fintech Hubs Federation (GFHF) that will work to bring together the international community of financial technology players.
Canada, China, Germany, Mexico, Switzerland, and the United Kingdom are among the countries backing the federation, which says that it wants to fulfil a need within the fintech community to create a cross-border and open platform that brings established and emerging hubs together.
By joining forces, the members also want to strengthen their voice, gaining access and influence through prominent roles in key events such as Sibos and the Innovate Finance Global summit.
"As the fintech sector develops globally, it has never been as important to encourage discussion and collaboration within the financial industry," says Fabian Vandenreydt, global head, securities markets, Innotribe.
Following the Federation's launch, different fintech hubs will be invited to Sibos, in Geneva this year, as a follow-up to Innotribe’s fintech benchmark session in Singapore in 2015.
Lawrence Wintermeyer, CEO, Innovate Finance, says: "The launch of the GFHF will provide a platform for 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.”