BIS report discusses landscapes, prospects and challenges for FinTech in Latin America
Bank for International Settlements report describes the FinTech landscape in terms of investment, firms and services provided. It evaluates the prospects for FinTech by exploring the institutional framework to supervise and regulate it. The report presents the challenges that FinTech faces in becoming a game changer for the region. It concludes that FinTech can be a strong catalyst to improve financial and social conditions in Latin America by incorporating the unbanked into the financial system and providing alternative sources of finance to firms.
Publisher:
International Organizations
Release date:
Nov 2020
Type:
Consultative, discussion and issues paper
Topics:
Financial inclusion, FinTech
Sectors:
Securities
|