financial services cluster
Post on 30-Jun-2015
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Aaron Singh
Defined by Michael Porter as a geographical concentration of companies and industries
Strong skills base
Innovation and R&D capacity
Networks and Partnerships
The Greater Toronto Area is the financial capital of Canada.
Generates 12% of city GDP
•Consists of the following sectors:•Banks•Credit Agencies•Security Dealers•Insurance
New York and London tied for first Hong Kong Third Singapore Fourth Toronto Eleventh
Information and Communications Technology
The GTA feeds the ICT sector’s growth with one of North America’s most diverse economies 52% of all GTA-based firms target◦ Financial services◦ Business services◦ Industrial markets
Toronto Financial Services Alliance
Their goal is to enhance and promote the competitiveness of Toronto’s financial services cluster as being on of the best in North America.
Mobile Banking
Zoompass
Visit my blog @ asingh68.wordpress.com
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