Regulatory Sandboxes in Latin America and the Caribbean for the FinTech Ecosystem and the Financial System
The FinTech industry has grown significantly in Latin America and the Caribbean and has become an alternative for improving regional financial inclusion levels. However, the innovations brought about by this growth pose a series of challenges for regulators and financial supervisors, who are tasked with reducing uncertainty associated with the phenomenon. Regulatory sandboxes are tools to mitigate uncertainty in a controlled environment in which companies can test their services under the financial regulator’s oversight. There is a possibility that the region can advance toward common principles to allow ecosystem development and regulatory convergence among the different countries.
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Format: | Discussion Papers & Presentations biblioteca |
Language: | English |
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Inter-American Development Bank
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Subjects: | Innovation, Financial Market, Innovation Policy, Innovation Ecosystem, Central Bank Money, Mobile Banking, Bank Risk-Taking, Digital Payment, Financial Regulation, Financial System, G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors, G28 - Government Policy and Regulation, crowdfunding;finanzas alternativas;fintech;instituciones financieras;mercados financieros;regulación financiera;sandbox regulatorio;servicios financieros, |
Online Access: | http://dx.doi.org/10.18235/0007982 https://publications.iadb.org/en/regulatory-sandboxes-latin-america-and-caribbean-fintech-ecosystem-and-financial-system |
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dig-bid-node-174832024-05-30T19:50:24ZRegulatory Sandboxes in Latin America and the Caribbean for the FinTech Ecosystem and the Financial System 2018-03-07T00:00:00+0000 http://dx.doi.org/10.18235/0007982 https://publications.iadb.org/en/regulatory-sandboxes-latin-america-and-caribbean-fintech-ecosystem-and-financial-system Inter-American Development Bank Innovation Financial Market Innovation Policy Innovation Ecosystem Central Bank Money Mobile Banking Bank Risk-Taking Digital Payment Financial Regulation Financial System G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors G28 - Government Policy and Regulation crowdfunding;finanzas alternativas;fintech;instituciones financieras;mercados financieros;regulación financiera;sandbox regulatorio;servicios financieros The FinTech industry has grown significantly in Latin America and the Caribbean and has become an alternative for improving regional financial inclusion levels. However, the innovations brought about by this growth pose a series of challenges for regulators and financial supervisors, who are tasked with reducing uncertainty associated with the phenomenon. Regulatory sandboxes are tools to mitigate uncertainty in a controlled environment in which companies can test their services under the financial regulator’s oversight. There is a possibility that the region can advance toward common principles to allow ecosystem development and regulatory convergence among the different countries. Inter-American Development Bank Diego Herrera Sonia Vadillo Discussion Papers & Presentations application/pdf IDB Publications Latin America and the Caribbean en |
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Innovation Financial Market Innovation Policy Innovation Ecosystem Central Bank Money Mobile Banking Bank Risk-Taking Digital Payment Financial Regulation Financial System G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors G28 - Government Policy and Regulation crowdfunding;finanzas alternativas;fintech;instituciones financieras;mercados financieros;regulación financiera;sandbox regulatorio;servicios financieros Innovation Financial Market Innovation Policy Innovation Ecosystem Central Bank Money Mobile Banking Bank Risk-Taking Digital Payment Financial Regulation Financial System G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors G28 - Government Policy and Regulation crowdfunding;finanzas alternativas;fintech;instituciones financieras;mercados financieros;regulación financiera;sandbox regulatorio;servicios financieros |
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Innovation Financial Market Innovation Policy Innovation Ecosystem Central Bank Money Mobile Banking Bank Risk-Taking Digital Payment Financial Regulation Financial System G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors G28 - Government Policy and Regulation crowdfunding;finanzas alternativas;fintech;instituciones financieras;mercados financieros;regulación financiera;sandbox regulatorio;servicios financieros Innovation Financial Market Innovation Policy Innovation Ecosystem Central Bank Money Mobile Banking Bank Risk-Taking Digital Payment Financial Regulation Financial System G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors G28 - Government Policy and Regulation crowdfunding;finanzas alternativas;fintech;instituciones financieras;mercados financieros;regulación financiera;sandbox regulatorio;servicios financieros Inter-American Development Bank Regulatory Sandboxes in Latin America and the Caribbean for the FinTech Ecosystem and the Financial System |
description |
The FinTech industry has grown significantly in Latin America and the Caribbean and has become an alternative for improving regional financial inclusion levels. However, the innovations brought about by this growth pose a series of challenges for regulators and financial supervisors, who are tasked with reducing uncertainty associated with the phenomenon. Regulatory sandboxes are tools to mitigate uncertainty in a controlled environment in which companies can test their services under the financial regulator’s oversight. There is a possibility that the region can advance toward common principles to allow ecosystem development and regulatory convergence among the different countries. |
author2 |
Diego Herrera |
author_facet |
Diego Herrera Inter-American Development Bank |
format |
Discussion Papers & Presentations |
topic_facet |
Innovation Financial Market Innovation Policy Innovation Ecosystem Central Bank Money Mobile Banking Bank Risk-Taking Digital Payment Financial Regulation Financial System G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors G28 - Government Policy and Regulation crowdfunding;finanzas alternativas;fintech;instituciones financieras;mercados financieros;regulación financiera;sandbox regulatorio;servicios financieros |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
Regulatory Sandboxes in Latin America and the Caribbean for the FinTech Ecosystem and the Financial System |
title_short |
Regulatory Sandboxes in Latin America and the Caribbean for the FinTech Ecosystem and the Financial System |
title_full |
Regulatory Sandboxes in Latin America and the Caribbean for the FinTech Ecosystem and the Financial System |
title_fullStr |
Regulatory Sandboxes in Latin America and the Caribbean for the FinTech Ecosystem and the Financial System |
title_full_unstemmed |
Regulatory Sandboxes in Latin America and the Caribbean for the FinTech Ecosystem and the Financial System |
title_sort |
regulatory sandboxes in latin america and the caribbean for the fintech ecosystem and the financial system |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0007982 https://publications.iadb.org/en/regulatory-sandboxes-latin-america-and-caribbean-fintech-ecosystem-and-financial-system |
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AT interamericandevelopmentbank regulatorysandboxesinlatinamericaandthecaribbeanforthefintechecosystemandthefinancialsystem |
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1806237496845008896 |