Fintech Law 2.0 Reforms Debate
Key Questions
What updates is CNBV signaling for fintech regulations?
CNBV is signaling updates for open finance, digital assets, and embedded finance to address strains from 795 fintechs on the 2018 rules. Functional regulation is being eyed to boost inclusion and competition. Chambers highlights potential AML and interchange changes amid ongoing policy discussions.
Why are the 2018 fintech rules under strain?
The 2018 rules are strained by the growth of 795 fintechs, necessitating reforms for open finance, digital assets, and embedded finance. This is critical for compliance as policy discussions continue.
What is Revolut's push in Mexico?
Revolut is pushing for full banking licenses through convenience alliances, aligning with ambitions of Nu, Mercado Pago, and Konfio. This fits into broader debates on functional regulation for greater inclusion and competition.
CNBV signals updates for open finance, digital assets, embedded finance as 795 fintechs strain 2018 rules; Revolut pushes full banking licenses via convenience alliances, aligning with Nu/Mercado Pago/Konfio ambitions. Functional regulation eyed for inclusion/competition; Chambers flags AML, interchange changes. Ongoing policy discussions critical for compliance.