The report, in collaboration with EY, highlights the progress towards financial inclusion, the regulatory advancement and cybersecurity as drivers of change in Mexico and Latin America. It also shows how Fintech innovations are transforming the Mexicans’ financial culture.
With the impact created by Fintech startups in Latin America, and especially in Mexico, access to digital financial services or products has been boosted to regions and population niches in need of greater financial inclusion. The report ‘The impact of FinTech innovations in Mexico’ by Startupbootcamp FinTech in Mexico City, a program managed and run by Finnovista in Latin America, makes a tour of the role of Fintech innovations in the region and the challenges to be faced by startups, regulators and financial institutions.
In the last years, Mexico has become along with Brazil in one of the largest entrepreneurial hubs for the support and take-off of Fintech startups that are beginning their acceleration or scaling process in Latin America. According to the Startupbootcamp FinTech report , in collaboration with EY, this is the consequence of the great amount of opportunities related to financial inclusion that Mexico and the rest of the region offer.
In the report, you could dig into:
- How startups have enhanced financial inclusion and, specifically, how these Fintech ventures are providing new financial solutions to niches in society throughout Latin America that would otherwise be inaccessible.
- How Fintech regulation in Mexico is allowing entrepreneurs to compete to gain customers in the financial services industry.
- How cybersecurity is an area of great importance for Fintechs and financial institutions to safely safeguard the financial data of their users and continue to gain trust among the population that makes use of financial services and products.
The purpose of this report is to show the endless opportunities for change presented by digital financial services and, in the face of a new reality that will change the current economy as we have known it until now, to point out some of the impact factors on the development of the innovation ecosystem of this sector.
The report also highlights the role of acceleration and scale-up programs for Fintech ventures such as those managed by Finnovista under the Startupbootcamp brand in the region, which have made the impact organization the biggest Fintech investor in Latin America.
If you are an entrepreneur, an innovation executive, a Fintech startup or you simply are interested in the sector, please read the full report and share it with the ecosystem to continue to make a positive social impact on the financial industry.
Download the report here: