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mike carterFintech has emerged over the last few years as the most striking growth opportunity in the global financial services industry. A KPMG report released in March found investment in the sector more than doubled to $13.8 billion in 2015, meaning it has multiplied almost seven-fold over the past five years. Today the U.S. dominates the list of the world’s most competitive financial centers, boasting five of the 11 top-ranked cities, according to a recent report by Z/Yen. To maintain this strength, it is imperative that U.S. financial institutions actively lead the charge in fintech innovation – or else risk losing ground not only to their European peers, but budding financial centers from the emerging world.

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