Amsterdam on the rise

Only last year, Amsterdam came in at number 40 in the GFC Index. But as of last week, Amsterdam can now claim place 36 in this esteemed global ranking.  

The index ranks 84 financial centres around the world, taking into account factors such as infrastructure, reputation, and the available talent. It is compiled using external data as well as an online survey that is completed by more than 2,200 financial services professionals.

Amsterdam as a leading fintech innovator

Michael Mainelli of Z/Yen, the firm that compiled the index, told the FD (in Dutch only) that ‘Amsterdam scores high when it comes to technological innovation in the financial industry.’ Amsterdam has a long and illustrious heritage of financial innovation. It established the world’s first central bank, was the cradle of the world’s first joint stock company, even providing one of the earliest examples of a company pension scheme. Today, Amsterdam is among the most innovative financial centres in Europe.

Financial industry needs the tech and talent that Amsterdam offers

As home to the largest data transport hub in the world, the Amsterdam Internet Exchange (AMS-IX), Amsterdam has one of the most impressive digital infrastructures in Europe. This guarantees the fastest and best possible transmission and execution of instructions and orders. This explains why so many high-frequency traders are located in Amsterdam, such as IMC. The Dutch dominance in the digital arena has also attracted many innovative players in the payment systems industry and other fintech areas.