今年二月底毕马威发布的《2016金融科技脉动（2016 Pulse of Fintech）》也提到了上述趋势。毕马威报告和Z/Yen报告关注点稍有不同。
Three major reports released this year have provided strong evidence that the crown for financial center dominance is shifting toward Asia. And the Australian fintech industry is in the box seat to capitalize on this important mega-trend.
The first report is the Global Financial Centres Index released by UK-based commercial think tank Z/Yen in March 2017.
The index is based on an objective analysis of the strengths of more than 100 financial centers, along with survey feedback from more than 3,000 industry professionals.
Within the top 50, 11 Asia Pacific financial centers improved their overall rank and only four lost their rank compared to the results six months ago.
For instance, Sydney increased its ranking from 11 to eight, while Melbourne jumped from 24 to 21. It wasn’t that long ago that, in the March 2015 index, Sydney was languishing in 21st place,?with Melbourne at 28.
On the flipside, seven European cities lost their rank, including old-school favorites Zurich and Luxembourg, along with Frankfurt, Dublin, and Amsterdam.
The United States had mixed results, with two cities (Chicago and Los Angeles) increasing their ranking and two falling (Boston and Washington DC).
While London and New York both kept their spots at the top of the table, they lost ranking points. Singapore, Hong Kong, and Tokyo are now nipping at their heel
The report concludes that Brexit and the US presidential election were the main causes for the weaker outcome for both London and New York.
The reality of ranking
These world economic ranking reports promote furious debate.
However, the fact of the matter is that reports such as the Global Financial Centres Index help generate positive media coverage for the successful cities, and this media coverage is influential when companies make major investment decisions.
That’s why this year’s Global Financial Centres Index is positive news for existing financial services and fintech companies based in Asia (including Australia), but not so great news for Europe and the US.
But when it comes to Australia and Asia, the good news does not end there.
Fintechs around the world
The KPMG 2016 Pulse of FinTech report released in late February this year identified almost identical trends as the previous index, despite the two reports focusing on slightly different subject matters.
The KPMG report looked at investments into the world fintech sector.
It found that total fintech investment in the US dropped from US$27 billion in 2015 to US$12.8 billion in 2016.
Europe had an even worse result compared to the US, with total investments dropping from US$10.9 billion to US$2.2 billion.
Asia, on the other hand, saw total investments rise slightly from US$8.4 billion in 2015 to US$8.5 billion in 2016. As a subset of this, Australia’s fintech investments more than tripled from US$185 million in 2015 to US$656 million in 2016.
Finally, Deloitte’s Connecting Global FinTech: Interim Hub Review 2017, which was released in April,?focuses on the comparative fintech strengths of different centers.
It ranks Sydney as the eighth strongest fintech hub in the world out of 44 hubs, based on a performance score, an improvement from its ninth spot last year, despite an additional 24 hubs.
Meanwhile, the review ranks Singapore and London evenly as the top fintech centers in the world.
So what can we learn?
The global fintech crown could move to Asia
The reports show that it may not be long before Asian centers, not iconic London or New York, are regarded as the world’s top financial capitals.
Australian?fintech companies are well-placed to take advantage of this new world order as well.
For starters, Australia’s dynamic and growing fintech industry is part of Asia and therefore in the right time zone to easily interact with other Asian financial markets.
More importantly, however, the continent has a strong reputation across Asia for its stable financial regulation and a business environment relatively free of corruption and government interference.
Australia is also home to Asia’s largest pool of funds under management, and the sixth largest in the world.
When it comes to fintech talent, Australia has a deep reservoir of financial services and allied professionals. This is because financial services (not mining or agriculture as some think) is Australia’s largest industry.
All of the above makes Australian fintech a highly sought after business prospect in Asia, particularly in areas which require a high level of trust, such as cyber security, international payments, digital financial advice, crowdfunding, and blockchain technology.
Of course, time will tell whether these current trends last, particularly whether Europe can recover from jitters about Brexit and the US can return to projecting a strong global value proposition following the Trump election.
Australia will always have close economic and cultural ties with the United States, Europe, and the?United Kingdom—particularly in financial services—and will be keen to keep?and expand on those ties.
By the same token, Australia’s fintech industry is expected?to win big, as the world’s financial center axis moves toward Asia.