- Consumer card spending grew just 3.6% in May, while food price inflation pushes grocery spending to its highest growth in two years-Barclays
- Market Report-Hargreaves Lansdown
- NatWest Group completes acquisition of a majority shareholding in workplace savings and pensions FinTech, Cushon
- Young Brits lead Europe in shunning bricks and mortar banking for digital-CRIF
- FCA grants agent EMI licence to PayFuture as it reaches major milestones
- Business confidence dips, back to long term trend-Lloyds
- Asian trade corridors to outpace global average by 2030 but threats to supply chain resilience remain-Standard Chartered expired
- 43% of UK exporters expect an increase in the risk of non-payment in 2023 (up from 27% last year)-Allianz Trade expired
- New independent Research Study reveals majority of Global financial institutions are unable to respond effectively to Fraud and Financial Crime expired
- FCA bans referral fees for debt packagers to help struggling consumers expired
- Digital Prepaid Card usage to surge, as the value of transactions grows 650% globally by 2028 expired
- Fabrick sign a new partnership with Mastercard to develop Embedded Finance solutions expired
26th May 2023
Smart Centre Index-7 Western Europe and US Centres performing stromgly in Tecnnology and Innovation
The Smart Centres Index explores the ability of global commercial centres to create, develop, and deploy technology. Leading centres in the SCI are based in places which combine an innovative, cultural centre with a high-performing university sector across STEM subjects, supported by a well-developed regulatory, commercial, and financial services:
-Western European and US centres show continued strong performance, but Asia/Pacific centres have fallen back a little.
-London took first place in the index, with New York and San Francisco in second and third.
-Four Western European centres feature in the top 10, and three from the US. Singapore and Hong Kong feature in the top 10 among Asia/Pacific centres. Tel Aviv enters the top 10 for the first time.
-Five centres rose 10 or more places in the rankings in SCI 7, while six centres fell 10 or more places.
-Following a fall in the average ratings in SCI 6, the average rating in SCI 7 rose by 6.28% with all centres rising in the ratings. This may show increased confidence in the quality and depth of technology and innovation development across the world.
As a mark of continued technological progress, we asked respondents to the SCI survey to predict the timeframe over which they expected quantum computers to be able to break current public key encryption. Over three-quarters of respondents expect this point to be reached within five years. This increase in computational power will continue to drive the way in which technology shapes our lives.
Professor Michael Mainelli, Chairman of Z/Yen said:
“We will only solve our global problems by harnessing technology to the task. Our expectations of technology will only be realised if we can deploy it, which is the job of commercial centres. It’s an exciting, and dangerous, time, and more than ever we must improve our assessments of new technologies ranging from AI to materials, space, graphene, carbon capture, or quantum computing.
We invite all those with an interest in the development of innovation and technology centres to take part in SCI 8 by rating the financial and commercial centres you know on our continuously running survey–smartcentresindex.net/survey/."
Z/Yen Trends(10 artticles)