More established markets like the US, UK and Europe have followed a similar evolution. Due to more transparent regulations, it has allowed players to enter the market and try new models.
The most active involvement in digital finance (outside of mainland China) may be South East Asia. Malaysia in particular has been actively drafting their P2P framework, taking a similar stance in their regulation to the FCA. Hong Kong recently created a regulatory FinTech “Sandbox”, which may spark activity in what could be a very exciting market, while Singapore’s involvement has sputtered.
Like Southeast Asia, the emerging markets of Latin America are solely focused on providing debt capital to the general population and businesses. Interest rates offered by banks, regulated and non regulated institutions are 3-6X higher when comparing to developed markets. On top of high interest rates, the lack of willingness to lend capital, makes Mexico, Central and South America ripe for FinTech innovation.
Pioneers looking to capitalize on collaboration within the fintech space, please get in touch with us at Crowd Valley to leverage our industry leading Digital Back Office and API operational in dozens of countries and territories around the world.
Read the whole article and more regulation details at Crowd Valley News.
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This entry was posted on Tuesday, October 11th, 2016 at 1:00 pm and is filed under Business Updates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.