Can we regulate Fintech? Challenges and approaches

Faced with the undoubted proliferation of FinTech companies in Peru and in the world, this article describes the current situation of the market in this field in order to explore the legal implications of this new type of company.In that order, it first analyze ho...

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Detalles Bibliográficos
Autor: Villafuerte Mendoza, José
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2021
País:Perú
Institución:Pontificia Universidad Católica del Perú
Repositorio:Revistas - Pontificia Universidad Católica del Perú
Idioma:español
OAI Identifier:oai:ojs.pkp.sfu.ca:article/24875
Acceso en línea:http://revistas.pucp.edu.pe/index.php/themis/article/view/24875
Access Level:acceso abierto
Palabra clave:FinTech
regulation
SBS
RegTech
extraterritoriality
enforceability of laws
regulación
extraterritorialidad
exigibilidad de las normas
Descripción
Sumario:Faced with the undoubted proliferation of FinTech companies in Peru and in the world, this article describes the current situation of the market in this field in order to explore the legal implications of this new type of company.In that order, it first analyze how the digital market has evolved in financial and insurance matters. In the same way, it warns of the specific risks of the growing FinTech industry. All of that, to be able to point out the challenges that governments face in order to regulate this matter. In addition, it exhibits various proposals from sectors of the academia for the regulation of the FinTech market. With all this, the author concludes by giving his opinion on the mentioned proposals and presents his own for the regulation of FinTech companies, developing three main stages of implementation.