FinTechs Are Running and Regulation Is Trying to Catch Up with Them
Financial Services attorney Camilo Gantiva Hidalgo was quoted in a Revista Dinero article about the regulatory challenges facing Colombia's financial technology (FinTech) ecosystem. He noted that secondary regulations have yet to be developed in areas such as open finance, while the lack of comprehensive guidance on digital assets and embedded finance continues to create uncertainty among authorities. He also added that innovation is advancing faster than regulation, presenting new challenges for the sector.
READ: FinTechs Are Running and Regulation Is Trying to Catch Up with Them