Financial Technology
Cortés Poza, D. & Estrada Galindo, L. (2017). INCyTU Note 6 Financial Technology
FinTech (Financial Technology) is the union of digital technologies and financial services. It offers a variety of financial services to individuals, companies and governments, and it can help reducing costs and reaching sectors excluded by traditional services. Some applications include electronic payment platforms, person-to-person loans, cryptocurrencies and collective financing, known as crowdfunding. A regulation is needed that helps prevent bad practices (money laundering or financing of illicit activities), but at the same time promotes competition, innovation and financial inclusion.
Publication type:
policy brief
Publication language:
Spanish; Castilian
Publication date:
Publication URL:
Office for Information of Science and Technology for the Mexican Congress (INCyTU)