the toronto region* is one of the world’s leading fintech ... · startups based in the toronto...

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.