Financial Technologies in the Emerging Markets

Pamela Soledad Moncayo Mejia () and Pilar Madrazo Lemarroy
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Pamela Soledad Moncayo Mejia: Tecnologico de Monterrey, EGADE Business School
Pilar Madrazo Lemarroy: Universidad Anahuac

A chapter in Data Analytics Applications in Emerging Markets, 2022, pp 1-22 from Springer

Abstract: Abstract Innovations in financial technology are probably the most meaningful milestone in human development of the twenty-first century. The reasons vary, from user convenience to financial inclusion in rural areas where access to a bank account was utterly precarious. Financial technology has transformed the way users interact with their financial institutions, and these new interactions are the subject of study by academics and practitioners. The asymmetries of technology worldwide have caused fintech to develop at different speeds in each geography; for this reason, this chapter covers development in emerging markets and the impact of their presence on the economy and infrastructure of these markets. Authors review this market’s demographic profile and the challenges of adopting the implicit technology in fintech developments. Finally, due to its importance in the fintech scene, the state of the Mexican ecosystem is reviewed, and the impact of regulation on financial technology, highlighting how legal provisions shape this market that continues to innovate.

Keywords: Innovation; Fintech; Emerging markets (search for similar items in EconPapers)
JEL-codes: G21 G23 L1 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-19-4695-0_1

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