Innotribe, Innovate Finance Create Global Fintech Hubs Group

GFHF currently has 20 countries onboard, including Canada, China, Germany, Mexico and the UK. The group hopes to increase engagement and best practices and standardize knowledge in the fintech sector.

The concept for GFHF was initially conceived at Sibos 2015, which will be a key event going forward as the group will help facilitate access to it for its members. The group will also create an inaugural report later this year, establishing the 2016 baseline for 20 fintech hubs that will be done in collaboration with Deloitte.

"Coordination and cross border dialogue between emerging fintech startups, established fintech companies, financial institutions and policy makers remains key for long-term success of our sector," said Lawrence Wintermeyer, CEO of Innovate Finance, in a statement. "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."