Regulation for fintech Companies in Ecuador
This paper analyses the regulations for fintech, neobanks and bigtech in Ecuador; the objective is to show the presence of these companies in the country and how their regulation is. The methodology of the study is qualitative and bibliographic documentary. As a result, it was found that in Ecuador...
| Autor: | |
|---|---|
| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2021 |
| País: | Ecuador |
| Institución: | Universidad Andina Simón Bolivar |
| Repositorio: | Revista Estudios de la Gestión |
| Idioma: | español |
| OAI Identifier: | oai:revistas.uasb.edu.ec:article/2580 |
| Acceso en línea: | https://revistas.uasb.edu.ec/index.php/eg/article/view/2580 |
| Access Level: | acceso abierto |
| Palabra clave: | fintech neobancos bigtech servicios auxiliares de los sectores financieros criptomonedas Fintech neobanks cryptocurrencies auxiliary services of the financial sectors criptomoedas serviços auxiliares dos setores financeiros |
| id |
EC_833fc9ca470e04870ace3bfabf0ca6bf |
|---|---|
| oai_identifier_str |
oai:revistas.uasb.edu.ec:article/2580 |
| network_acronym_str |
EC |
| network_name_str |
Ecuador |
| repository_id_str |
|
| dc.title.none.fl_str_mv |
Regulation for fintech Companies in Ecuador Regulación para las fintech en el Ecuador A regulamentação das fintechs no Equador |
| title |
Regulation for fintech Companies in Ecuador |
| spellingShingle |
Regulation for fintech Companies in Ecuador Íñiguez Matute, Fabián fintech neobancos bigtech servicios auxiliares de los sectores financieros criptomonedas Fintech neobanks bigtech cryptocurrencies auxiliary services of the financial sectors Fintech neobanks criptomoedas bigtech serviços auxiliares dos setores financeiros |
| title_short |
Regulation for fintech Companies in Ecuador |
| title_full |
Regulation for fintech Companies in Ecuador |
| title_fullStr |
Regulation for fintech Companies in Ecuador |
| title_full_unstemmed |
Regulation for fintech Companies in Ecuador |
| title_sort |
Regulation for fintech Companies in Ecuador |
| dc.creator.none.fl_str_mv |
Íñiguez Matute, Fabián |
| author |
Íñiguez Matute, Fabián |
| author_facet |
Íñiguez Matute, Fabián |
| author_role |
author |
| dc.subject.none.fl_str_mv |
fintech neobancos bigtech servicios auxiliares de los sectores financieros criptomonedas Fintech neobanks bigtech cryptocurrencies auxiliary services of the financial sectors Fintech neobanks criptomoedas bigtech serviços auxiliares dos setores financeiros |
| topic |
fintech neobancos bigtech servicios auxiliares de los sectores financieros criptomonedas Fintech neobanks bigtech cryptocurrencies auxiliary services of the financial sectors Fintech neobanks criptomoedas bigtech serviços auxiliares dos setores financeiros |
| description |
This paper analyses the regulations for fintech, neobanks and bigtech in Ecuador; the objective is to show the presence of these companies in the country and how their regulation is. The methodology of the study is qualitative and bibliographic documentary. As a result, it was found that in Ecuador there is no specific law for any of the three aforementioned figures, but, in practice, there are 32 fintech legally registered in the Internal Revenue System of Ecuador. In addition, more than USD 5 million dollars and thirty thousand transactions were handled during 2019, considering only those reported to the Superintendency of Banks. It should be noted that the Superintendency of Banks is in process of reforming the Organic Monetary and Financial Code (COMF) and strengthening the supervision and control of the financial system. As a conclusion, it is indicated that fintech, Neobancos and Bigtech energize the Ecuadorian economy and it is of vital importance to create regulations, for which it is recommended to take into account three axes: 1. formation and authorization; 2. operation and control; and 3. sanctions and crimes. It is recommended that these companies have an Information Security Officer (OSI), a fundamental pillar to prevent information security risks from materializing. |
| publishDate |
2021 |
| dc.date.none.fl_str_mv |
2021-02-09 |
| dc.type.none.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
| format |
article |
| status_str |
publishedVersion |
| dc.identifier.none.fl_str_mv |
https://revistas.uasb.edu.ec/index.php/eg/article/view/2580 10.32719/25506641.2021.9.5 |
| url |
https://revistas.uasb.edu.ec/index.php/eg/article/view/2580 |
| identifier_str_mv |
10.32719/25506641.2021.9.5 |
| dc.language.none.fl_str_mv |
spa |
| language |
spa |
| dc.relation.none.fl_str_mv |
https://revistas.uasb.edu.ec/index.php/eg/article/view/2580/2341 https://revistas.uasb.edu.ec/index.php/eg/article/view/2580/3300 https://revistas.uasb.edu.ec/index.php/eg/article/view/2580/3035 |
| dc.rights.none.fl_str_mv |
info:eu-repo/semantics/openAccess |
| eu_rights_str_mv |
openAccess |
| dc.format.none.fl_str_mv |
application/pdf text/html text/xml |
| dc.publisher.none.fl_str_mv |
Universidad Andina Simón Bolívar, Sede Ecuador |
| publisher.none.fl_str_mv |
Universidad Andina Simón Bolívar, Sede Ecuador |
| dc.source.none.fl_str_mv |
Estudios de la Gestión: Revista Internacional de Administración; Núm. 9 (2021): Estudios de la Gestión: revista internacional de administración; 109-134 2661-6513 2550-6641 reponame:Revista Estudios de la Gestión instname:Universidad Andina Simón Bolivar instacron:UASB |
| instname_str |
Universidad Andina Simón Bolivar |
| instacron_str |
UASB |
| institution |
UASB |
| reponame_str |
Revista Estudios de la Gestión |
| collection |
Revista Estudios de la Gestión |
| repository.name.fl_str_mv |
Revista Estudios de la Gestión - Universidad Andina Simón Bolivar |
| repository.mail.fl_str_mv |
|
| _version_ |
1868999747269820416 |
| spelling |
Regulation for fintech Companies in EcuadorRegulación para las fintech en el EcuadorA regulamentação das fintechs no EquadorÍñiguez Matute, Fabiánfintechneobancosbigtechservicios auxiliares de los sectores financieroscriptomonedasFintechneobanksbigtechcryptocurrenciesauxiliary services of the financial sectorsFintechneobankscriptomoedasbigtechserviços auxiliares dos setores financeirosThis paper analyses the regulations for fintech, neobanks and bigtech in Ecuador; the objective is to show the presence of these companies in the country and how their regulation is. The methodology of the study is qualitative and bibliographic documentary. As a result, it was found that in Ecuador there is no specific law for any of the three aforementioned figures, but, in practice, there are 32 fintech legally registered in the Internal Revenue System of Ecuador. In addition, more than USD 5 million dollars and thirty thousand transactions were handled during 2019, considering only those reported to the Superintendency of Banks. It should be noted that the Superintendency of Banks is in process of reforming the Organic Monetary and Financial Code (COMF) and strengthening the supervision and control of the financial system. As a conclusion, it is indicated that fintech, Neobancos and Bigtech energize the Ecuadorian economy and it is of vital importance to create regulations, for which it is recommended to take into account three axes: 1. formation and authorization; 2. operation and control; and 3. sanctions and crimes. It is recommended that these companies have an Information Security Officer (OSI), a fundamental pillar to prevent information security risks from materializing.El presente trabajo analiza la existencia de regulaciones para las fintech, neobancos y bigtech en el Ecuador; el objetivo es evidenciar la presencia de estas empresas en el país y como se encuentra su regulación. La metodología del estudio es cualitativa y documental bibliográfico. Como resultado, se encontró que en el Ecuador no existe una ley específica para ninguna de las tres figuras antes mencionadas, pero, en la práctica, existen 32 fintech legalmente inscritas en el Sistema de Rentas Internas del Ecuador. Además, se manejaron más de USD 5 millones y treinta mil transacciones durante 2019, considerando solo las reportadas a la Superintendencia de Bancos. Como conclusión se indica que las fintech, neobancos y bigtech dinamizan la economía ecuatoriana y es de vital importancia crear una regulación; para lo cual, se recomienda tener en cuenta tres ejes: 1. conformación y autorización; 2. operación y control; y 3. sanciones y delitos. Se recomienda que estas empresas cuenten con un Oficial de Seguridad de la Información (OSI), pilar fundamental para evitar que se materialicen los riesgos de seguridad de la información.O presente trabalho analisa a existência de regulamentações de fintechs, neobanks e big techs no Equador. O objetivo é evidenciar a presença dessas empresas no país e como seencontra sua regulamentação. A metodologia do estudo foi qualitativa e documental-bibliográfica. Ao final, constatou-se que no Equador não existe uma lei específica para nenhum dos três elementos mencionados. No entanto, na prática, existem 32 fintechs legalmente inscritas no Sistema de Rendas Internas do Equador. Além disso, foram geridos mais de USD 5 milhões de dólares e trinta mil transações em 2019, considerando somente aquelas informadas à Superintendência de Bancos do Equador. É preciso reiterar que a Superintendência de Bancos se encontra em processo de reforma ao Código Orgânico Monetário e Financeiro (COMF) para fortalecer a supervisão e o controle do sistema financeiro. Como conclusão, apontou-se que as fintechs, os neobanks e as big techs dinamizam a economia equatoriana, sendo de vital importância criar-lhes uma regulamentação, para o qual se recomenda tomar em consideração três eixos: 1. configuração e autorização; 2. operação e controle; e 3. sanções e delitos. Recomenda-se que tais empresas contem com um Oficial de Segurança da Informação (OSI), pilar fundamental para evitar que se materializem os riscos de segurança da informação.Universidad Andina Simón Bolívar, Sede Ecuador2021-02-09info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdftext/htmltext/xmlhttps://revistas.uasb.edu.ec/index.php/eg/article/view/258010.32719/25506641.2021.9.5Estudios de la Gestión: Revista Internacional de Administración; Núm. 9 (2021): Estudios de la Gestión: revista internacional de administración; 109-1342661-65132550-6641reponame:Revista Estudios de la Gestióninstname:Universidad Andina Simón Bolivarinstacron:UASBspahttps://revistas.uasb.edu.ec/index.php/eg/article/view/2580/2341https://revistas.uasb.edu.ec/index.php/eg/article/view/2580/3300https://revistas.uasb.edu.ec/index.php/eg/article/view/2580/3035info:eu-repo/semantics/openAccess2022-06-21T23:57:31Zoai:revistas.uasb.edu.ec:article/2580Portal de revistashttps://revistas.uasb.edu.ec/index.php/egInstitución privadahttp://www.uasb.edu.ec/https://revistas.uasb.edu.ec/index.php/eg/oaiEcuador2661-65132661-6513opendoar:.2022-06-21T23:57:31falsePortal de revistashttps://revistas.uasb.edu.ec/index.php/egInstitución privadahttp://www.uasb.edu.ec/https://revistas.uasb.edu.ec/index.php/eg/oaiEcuador2661-65132661-6513opendoar:.2022-06-21T23:57:31Revista Estudios de la Gestión - Universidad Andina Simón Bolivarfalse |
| score |
15,301603 |