GTA Financial Services Cluster<br />By Kelly Donlevy<br />
What is a Cluster?<br />A cluster is a geographic concentration of interconnected businesses, suppliers, and institutions ...
What is the role of a cluster?<br />Clusters can be any of the following<br />Incubator – help early stage companies<br />...
Critical to success<br />A Cluster needs to have:<br />Strong skills base<br />Innovation and R&D capacity<br />Networks a...
Who is part of the GTA financial Services Cluster?<br />Financial Services members are:<br />Banks<br />Credit Agencies<br...
The Competition<br />Toronto’s main competition<br />New York – Currently ranked 1st<br />London – Currently ranked 2nd<br...
New York Financial Services Cluster<br />Financial Services Cluster<br />Located in NYC<br />Represents 2/3rd of the state...
London Financial Services Cluster<br />City of London<br />Represents 50% of total jobs in the UK for financial management...
Toronto in the news<br />CIBC is the first Canadian bank to launch mobile banking app for iPhone<br />Ontario government o...
Innovations in Financial Services<br />Check deposits – done through camera phones<br />Mobile banking: deposit a check wi...
Thank you <br />Please visit my blog<br />http://kelly718.wordpress.com/<br />
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Financial Services Cluster

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Financial Services Cluster

  1. 1. GTA Financial Services Cluster<br />By Kelly Donlevy<br />
  2. 2. What is a Cluster?<br />A cluster is a geographic concentration of interconnected businesses, suppliers, and institutions in a particular field.<br />Clusters promote information exchanges amongst members in order to further innovation. <br />
  3. 3. What is the role of a cluster?<br />Clusters can be any of the following<br />Incubator – help early stage companies<br />Convergence Centre – bringing together expertise<br />Accelerator<br />Innovation Centre<br />Centre of Excellence<br />
  4. 4. Critical to success<br />A Cluster needs to have:<br />Strong skills base<br />Innovation and R&D capacity<br />Networks and Partnerships<br />
  5. 5. Who is part of the GTA financial Services Cluster?<br />Financial Services members are:<br />Banks<br />Credit Agencies<br />Security Dealers<br />Insurance companies<br />The Greater Toronto Area with a pool of over 200,000 workers ranks third among the top ten financial sectors in North America<br />
  6. 6. The Competition<br />Toronto’s main competition<br />New York – Currently ranked 1st<br />London – Currently ranked 2nd<br />Clusters to watch out for<br />Zurich<br />Dubai<br />
  7. 7. New York Financial Services Cluster<br />Financial Services Cluster<br />Located in NYC<br />Represents 2/3rd of the state’s financial service jobs<br />Represents 2% of all US private sector job<br />Consists of 3 sub-sectors<br />Insurance<br />Banking<br />Securities<br />
  8. 8. London Financial Services Cluster<br />City of London<br />Represents 50% of total jobs in the UK for financial management<br />Depend largely on FDI<br />Generates demand for ICT, Legal services, and many business services <br />
  9. 9. Toronto in the news<br />CIBC is the first Canadian bank to launch mobile banking app for iPhone<br />Ontario government offers strategy to help Toronto compete on an international scale<br />Centennial College to offer Islamic finance course <br />
  10. 10. Innovations in Financial Services<br />Check deposits – done through camera phones<br />Mobile banking: deposit a check with a picture<br />Contactless debit cards<br />Debit cards with RFID technology<br />10 digit pin numbers on credit cards<br />Identity fraud protection for the 22nd century<br />
  11. 11. Thank you <br />Please visit my blog<br />http://kelly718.wordpress.com/<br />

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