The Fintech phenomenon and its regulatory framework: an interview with Bruno Diniz
Posted: Thu Feb 20, 2025 6:41 am
The continuous evolution of technology and the consequent emergence of new businesses on digital platforms have driven the transformation of several economic sectors in Brazil. Proof of this is the exponential growth of the Brazilian financial market and the adoption of new business models , which contribute to the strengthening of the sector and are leveraged, above all, by investment in innovation, such as fintechs .
Motivated by the global economic crisis of 2008, the emergence of fintechs revolutionized the financial market. Considered financial startups, they rely on the intense use of technology to offer innovative digital services and are constantly advancing and gaining space in the national scenario.
According to data from the Distrito Fintech Report , from 2019 to 2020, the sector grew by 34% in the country and attracted investments of around US$ 936 million in the first few months of last year . Currently, there namibia mobile database are 828 fintechs in Brazil, divided into several categories, such as credit, payment, financial management, loans, investments, financing, insurance, debt negotiation, foreign exchange and multi-services.
In addition to the explosion of financial startups, other major innovations have recently marked the market, such as Open Banking , which seeks to make the sector more competitive and efficient by sharing data between institutions, and PIX, a new instant payment system. However, to ensure the functioning of the financial ecosystem, however, it is necessary to pay attention to the regulatory environment .
In Brazil, the market is regulated by the National Financial System (SFN), which operates rules established by the National Monetary Council (CMN), the Central Bank (BC) and the Securities and Exchange Commission (CVM), and is regulated based on rules proportional to the complexity and size of each institution.
In addition, another important milestone in the regulation of the financial market was the approval of the Regulatory Sandbox by the Central Bank and the National Monetary Council in 2020. The Sandbox consists, fundamentally, of an environment in which companies are authorized to carry out tests of projects that bring innovation to the financial sector, as well as easing regulatory requirements during the period, while establishing conditions for action in order to reduce risks for all actors involved in the financial sector. From the Sandbox , it is possible to increase legal certainty and bring more competitiveness, as well as strengthen and improve the regulatory environment.
Motivated by the global economic crisis of 2008, the emergence of fintechs revolutionized the financial market. Considered financial startups, they rely on the intense use of technology to offer innovative digital services and are constantly advancing and gaining space in the national scenario.
According to data from the Distrito Fintech Report , from 2019 to 2020, the sector grew by 34% in the country and attracted investments of around US$ 936 million in the first few months of last year . Currently, there namibia mobile database are 828 fintechs in Brazil, divided into several categories, such as credit, payment, financial management, loans, investments, financing, insurance, debt negotiation, foreign exchange and multi-services.
In addition to the explosion of financial startups, other major innovations have recently marked the market, such as Open Banking , which seeks to make the sector more competitive and efficient by sharing data between institutions, and PIX, a new instant payment system. However, to ensure the functioning of the financial ecosystem, however, it is necessary to pay attention to the regulatory environment .
In Brazil, the market is regulated by the National Financial System (SFN), which operates rules established by the National Monetary Council (CMN), the Central Bank (BC) and the Securities and Exchange Commission (CVM), and is regulated based on rules proportional to the complexity and size of each institution.
In addition, another important milestone in the regulation of the financial market was the approval of the Regulatory Sandbox by the Central Bank and the National Monetary Council in 2020. The Sandbox consists, fundamentally, of an environment in which companies are authorized to carry out tests of projects that bring innovation to the financial sector, as well as easing regulatory requirements during the period, while establishing conditions for action in order to reduce risks for all actors involved in the financial sector. From the Sandbox , it is possible to increase legal certainty and bring more competitiveness, as well as strengthen and improve the regulatory environment.