Fintech in Latin America and the Caribbean: Stocktaking

Berkmen, Pelin; Beaton, Kimberly; Gershenson, Dmitriy; Granado, F. Javier Arze del; Ishi, Kotaro; Kim, Marie; Kopp, Emanuel; Rousset, Marina

doi:10.5089/9781498303248.001

Cited by 21 publications

(21 citation statements)

References 4 publications

(5 reference statements)

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“…A recent IMF working paper (Berkmen et al 2019) describes numerous de¯ciencies in developing countries (especially in Latin America) when it comes to¯nancial access, the depth of¯nancial tools available to customers, and the e±ciency of¯nancial markets. Despite some variation across countries, low credit-to-GDP ratios, high service fees, heavy reliance on nontraditional¯nance sources, and large unbanked populations are common in these markets.…”

Section: Sources Of Value-creation By Fintech Firms: Improving the Comentioning

confidence: 99%

Recent Developments in the Fintech Industry

Chemmanur

Imerman

Rajaiya

et al. 2020

J. Fin. Mngt. Mar. Inst.

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In this article, we review some recent developments in the field of Financial Technology or “FinTech.” We begin with an overview of what FinTech is and why it has become an important growth industry in the financial services area and therefore an important research topic in finance. In the next section, we review some of the academic literature in the FinTech area. In the subsequent section, we characterize the financing of FinTech startups, especially by venture capital firms. In the following section, we characterize innovation by FinTech firms as well as by incumbent financial intermediaries. In the next section, we move on to discuss potential sources of value creation by FinTech start-up firms relative to existing incumbent firms: we conjecture that one source of value creation may arise from FinTech startups being able to provide a superior customer experience relative to incumbent firms in various areas of consumer finance. In the following section, we discuss the regulatory environment facing FinTech firms, in their banking as well as in their financial market activities. In the penultimate section, we analyze the buy-versus-build decision facing firms choosing to enter the FinTech sector and discuss the trade-offs that may drive such decisions in practice. We conclude with some remarks about the future directions that may be taken by the FinTech industry.

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Section: Sources Of Value-creation By Fintech Firms: Improving the Comentioning

confidence: 99%

Recent Developments in the Fintech Industry

Chemmanur

Imerman

Rajaiya

et al. 2020

J. Fin. Mngt. Mar. Inst.

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show abstract

“…This latter has supported the increment of the SME lending rate. Nevertheless, several other countries in Sub-Saharan Africa and South Asia have been successful in encouraging mobile money savings and payments, which has, as a result, significantly enhanced financial inclusion (Berkmen et al 2019).…”

Section: Experiences and Ascertainment From Selected Developing Countmentioning

confidence: 99%

“…Also, these applications helped them to perform different services such as payments, As an example, Kueski is a Mexican startup intended to deliver small loans to middle-class individuals. Further, the country counted 273 FinTech startups, where some examples of popular and notable ones include ComproPago, Bitso, Conekta, and Kiwi (Berkmen et al 2019;Frank et al 2016;Lustig 2019).…”

Section: Fintech Adoption In Latin Americamentioning

confidence: 99%

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Readiness to the FinTech Industry in Developing Countries

Tidjani

2020

International Handbooks in Business Ethics

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Financial Technology (FinTech) is one of the revolutionary ideas that the financial industry sector is facing today. Financial innovations convey high evolution in technology and financing alternatives. Thus, this revolution has entered a new evolvement with impact dimensions for developed countries that are similar to those for developing countries. These latter are influenced in their financial and economic activity by different aspects of FinTech impacts. Based on recent research reports, surveys, papers, and statistics collected from secondary and tertiary published literature, this chapter tries to analyse and extract the basic points and facts related to the FinTech industry in general, and most particularly in developing countries. Hence, the main objective of this chapter may allow some answers to the core expected factors that may influence FinTech adoption in some selected developing countries. The key findings, across investigations

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“…O capital e as corporações são cada vez mais voláteis, operando de forma transnacional, sem respeito a fronteiras nem apego a nacionalidades. De acordo com Berkmen et al (2019), em estudo voltado para a América Latina, fintechs com operação por redes móveis podem transmitir remessas a um custo relativamente baixo, cerca de 3%, comparado ao custo de transferências usando provedores de serviços financeiros tradicionais, que é cerca de 6%.…”

Section: Nova Economia Digitalunclassified

A Tributação na Era Digital e os Desafios do Sistema Tributário no Brasil

Neto

Afonso

Fuck

2019

RBD

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O artigo desenha um panorama dos desafios e das mudanças que a economia digital imporá à tributação, em particular no caso brasileiro. São abordados, dentre outros aspectos, a dificuldade para tributação da renda, as transformações no mundo do trabalho e a ascensão dos bens intangíveis. A modernização dos tributos no Brasil precisará superar ao menos três grandes obstáculos: rigidez constitucional, conflitos de competência entre diferentes governos subnacionais e necessidade de preservação da autonomia federativa. Mais que reformar, será inexorável construir um novo sistema tributário em meio a um cenário de enormes incertezas, inclusive no exterior.

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Fintech in Latin America and the Caribbean: Stocktaking

Abstract: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Cited by 21 publications

References 4 publications

Recent Developments in the Fintech Industry

Recent Developments in the Fintech Industry

Readiness to the FinTech Industry in Developing Countries

A Tributação na Era Digital e os Desafios do Sistema Tributário no Brasil

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