{
  "title": "Fintech in Latin America and the Caribbean: Stocktaking",
  "publication": "IMF Working Papers, March 26, 2019",
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  "summary": "In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers.\n- Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially understood risks to consumers and the financial system.\n- This paper documents the evolution of fintech in LAC with a focus on multiple thematic areas (listed below)."
    },
    {
      "heading": "Key focus areas covered by the paper",
      "content": "- Financial development.\n- Fintech landscape for domestic and cross border payments and alternative financing.\n- Cybersecurity.\n- Financial integrity and stability risks.\n- Regulatory responses.\n- Considerations for central bank digital currencies."
    },
    {
      "heading": "Substantive findings and themes",
      "content": "- Opportunities:\n  - Fintech can deepen financial development in LAC.\n  - Fintech can enhance competition and innovation in financial services.\n  - Fintech can promote financial inclusion across the region.\n- Risks:\n  - Fintech creates new and only partially understood risks to consumers.\n  - Fintech creates new and only partially understood risks to the financial system.\n- Specific topical emphases:\n  - Domestic and cross border payments.\n  - Alternative financing channels (including Peer to Peer and electronic money solutions).\n  - Cyber regulation and cyber risk.\n  - Financial stability and integrity considerations.\n  - Interactions with monetary policy and central banking (including central bank digital currencies)."
    },
    {
      "heading": "Policy considerations and regulatory responses",
      "content": "- The paper documents regulatory responses in LAC aimed at addressing:\n  - Cybersecurity and cyber regulation.\n  - Financial regulation focused on financial stability and integrity.\n  - Market structure and competition issues emerging from Fintech firm activity.\n  - Considerations for central bank digital currencies and legal tender implications.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2019/03/26/fintech-in-latin-america-and-the-caribbean-stocktaking-46677"
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    "Authors: Pelin Berkmen, Kimberly Beaton, Dmitry Gershenson, Javier Arze del Granado, Kotaro Ishi, Marie S Kim, Emanuel Kopp, Marina V Rousset",
    "Published: March 26, 2019",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781498303248.001",
    "In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers.",
    "Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially understood risks to consumers and the financial system.",
    "This paper documents the evolution of fintech in LAC with a focus on multiple thematic areas (listed below).",
    "Financial development.",
    "Fintech landscape for domestic and cross border payments and alternative financing.",
    "Cybersecurity.",
    "Financial integrity and stability risks.",
    "Regulatory responses.",
    "Considerations for central bank digital currencies.",
    "Opportunities:",
    "Risks:",
    "Specific topical emphases:",
    "The paper documents regulatory responses in LAC aimed at addressing:",
    "**Working Paper**"
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