Financial Services Cluster

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Financial Services Cluster

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

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