The fintech ecosystem continues to grow in the Latin American region. According to
If we add
In a videoconference in which Finnosummit 2021 was presented, which this year will be held again virtually from
He added that by the end of the year, it is expected that the figure reaches
Fintech should already be seen as a technology platform
He stressed that this is one of the trends that will be analyzed in more depth during Finnosummit 2021, but also that fintech should no longer be seen as a vertical, but as a technology platform as the Internet and the cloud have been.
The development of favorable regulatory frameworks within the region, starting with
Fontao added that this is what is allowing fintechs to become the technological platform that makes it possible for any company to offer financial services.
“Without going any further, we are already seeing in the region companies like Rappi or
He said that some segments that are attracting investments are the now large fintech companies such as
The future of banking and insurance
Finnovista’ s co-founder commented that during next week’s event, the future of banking and other financial sectors such as insurance will also be discussed, given the irruption of fintechs.
They will surely change the rules of the game forever, especially if we consider that technological entrepreneurship is being strengthened by the large amounts of capital that are flowing into the fintech sector throughout
He also informed that, as part of the event, the finals of the Finnosummit Challenge will be held, where around 20 startups will present their alternatives.
He stressed that in a complicated economic environment and in which the lack of financial inclusion prevails, the fintech sector today becomes one of the priorities that would strengthen access to financial services, and accelerate recovery in the post-pandemic stage.