Technological development has constituted a significant factor in human progress. The progressive advances in information technology (IT) have fostered the emergence and development of financial services and a network of global centres (IFCs) over the past few decades. The rapid advancement of technology has had a profound influence on the evolution of the financial landscape, enabling the expansion of financial institutions and facilitating international trade and investment. This chapter presents an analysis of the impact of information technology on the development of global IFCs, together with an evaluation of the probable consequences of these technological developments.