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Tag: Financial

The most backward country in terms of Fintech regulation

According to the executive director of the FinteChile association, Ángel Sierra, Chile is the most backward country when it comes to regulating financial technology ventures. Chile was delayed in the regulation of fintech companies in the region. The local regulator just this year released the draft with basic guidelines to…

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Learn from this case that had a strong growth in Fintech

A few weeks ago, Mercado Libre revealed the results of its operation, corresponding to the fourth quarter of 2018. In this regard, Pedro Arnt, Chief Financial Officer of Mercado Libre, commented, “I am very pleased to report another year of solid performance, through the company’s key business units.  A year…

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The Government of Chile will regulate cryptocurrencies and fintech

The Minister of Finance of the Government of Chile, Felipe Larraín, announced from the United States the sending to Congress of a bill to regulate Fintech and cryptocurrencies. This was reported by Ahora Noticias, on April 15. Minister Felipe Larraín explained: “Attending to the different forms taken by the business…

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US fintech buys Worldpay for 43,000 million dollars

The US fintech Fidelity National Information Services (FIS) has reached a “definitive agreement” to acquire payment services firm Worldpay for a total of 43,000 million dollars (37,891 million euros), including debt, according to both companies in a statement. This is the second major operation in less than two years carried…

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Analysis: The dangers and benefits of the Big Tech / fintech disruption

The entrance of the big technology companies, the Big Tech, to the financial scene can affect the degree of concentration and contestability of financial services, with benefits and potential risks for financial stability. The wonders The emphasis is on companies such as Apple, Google, Facebook, Amazon and Ant Financial, rather…

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