Financial System: Challenges and Opportunities of Digital Transformation in Mexico

Vanessa Veintimilla Brando () and Daniel Miranda Lopez ()
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Vanessa Veintimilla Brando: Comision Nacional Bancaria y de Valores
Daniel Miranda Lopez: Comision Nacional Bancaria y de Valores

A chapter in Data Analytics Applications in Emerging Markets, 2022, pp 23-48 from Springer

Abstract: Abstract This work aims to understand the implications that financial technology represents for the Mexican financial system. Considering that the adoption of new technologies in the financial system (Fintech) is increasing, a novel and complex context has arisen with diverse implications in various aspects such as education, infrastructure, and the regulatory and supervisory framework needed to ensure a healthy development of the financial system. Although it has been shown that digitization brings various benefits, such as sustainable development, improvement of financial and social conditions by its impact on financial inclusion, and providing alternative sources of finance to firms, it also bears significant challenges both for telecommunications infrastructure, as well as for the authorities in the search for a flexible regulation that provides protection to both the financial system and its users without stiffening financial innovation.

Keywords: Fintech; Digitalization; Internacionalization (search for similar items in EconPapers)
JEL-codes: G23 O32 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-4695-0_2

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DOI: 10.1007/978-981-19-4695-0_2

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