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A Powerhouse of Global Finance

Home to the New York Stock Exchange (NYSE)—the world’s largest—the city is truly a powerhouse of global finance.

Leading venture capital firms headquartered here are investing in seed and early-stage science and technology ventures; eCommerce; enterprise software; cloud computing; financial technology; and countless other dynamic industries, proving that NYC is on the cutting edge of the 21st century digital economy.

The finance sector remains vital to NYC’s economic success and status as a nexus of global commerce. With one out of every five dollars earned in the city coming from the securities industry alone, finance continues to be a cornerstone of our prosperity and helps to power growth in every other segment of our economy.

Stock Analyst. Photo courtesy of Tetra Images/Getty Images.

Fintech: A Digital Transformation

With approximately 600 companies here in NYC, the city's financial technology (fintech) sector is the largest in the US. And the sector is growing fast—at twice the rate of Silicon Valley’s over the past five years. The global hub for financial services, the city is home to a wave of new investment as financial institutions pursue digital transformation.

NYC is catalyzing fintech development through access to funding and talent, access to the financial capital that is NYC, and through innovative programs, including Startupbootcamp Fintech New York and the Fintech Innovation Lab, run by Partnership Fund for New York City and Accenture.

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