Abstract:This article aims to analyze the characteristics, limitations and contradictions involving financial technology companies (fintechs) and traditional banks in Brazil. The paper describes the two new categories aimed at regulating fintechs in Brazil: the so-called Direct Credit Company (Sociedade de Crédito Direto) and the Personal Loan Company (Sociedade de Empréstimo entre Pessoas). The paper challenges the idea that financial technology inevitably introduces competition into the financial market, as it descri… Show more
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