Tag "fintech regulation"
New World Bank Report Looks at the Rise of Fintech
Technology-enabled innovation is reshaping financial products, market players, market structure and even money itself, removing key frictions in the provision of financial services, enabling new business models and allowing market participants to reach previously underserved segments at lower costs. But
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Latin America’s Fast-Evolving Fintech Regulatory Landscape
Latin America (Latam)’s fintech industry is booming, fueled by the region’s large population of unbanked, rising demand for online banking tools and a surge in venture capital (VC) investment into the region. In 2016, Latam financial services companies secured just
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EU Report Looks Into Innovation Hubs And Regulatory Sandboxes
In recent years, governments in the European Union (EU) have launched numerous initiatives to facilitate financial innovation, including establishing so-called “innovation facilitators.” These typically take the form of innovation hubs and regulatory sandboxes. As of January 2019, 21 EU Member
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Proper Regulation Needed For Fintech To Thrive And Fix Our Financial System
Fintech has the potential to improve both financial stability and access to services. But for the sector to thrive, there needs to be significant changes in the focus of regulation, according to a new Bank for International Settlements (BIS) Working
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