As the financial technology sector continues to grow, a collection of global fintech hubs on Thursday announced the launch their own network and trade group to help drive that growth.

The Global FinTech Hubs Federation (GFHF) aims to bring together the fintech hubs that are popping up around the world to create a central voice and platform for the fledging sector. Initially, hubs from 20 countries, including Canada, China, and the United Kingdom, are part of the effort.

The new federation aims to “democratically support global engagement, best practices and standardize knowledge across the sector,” while also building connections between hubs around the world.

“As the fintech sector develops globally, it has never been as important to encourage discussion and collaboration within the financial industry,” says Fabian Vandenreydt, global head of securities markets at Innotribe and The SWIFT Institute at SWIFT, in a statement.

Innotribe and SWIFT announced the launch of the new federation.