FINTECH
Our team has hands-on experience and a distinct know-how in the Fintech (Financial Technology) industry behind the new technologies that seek to improve and automate the delivery and use of financial services. These innovative technology-based companies are transforming the state of affairs and changing the way in which users save, pay, invest and, in general, use and move their money. Increasingly they have expanded financial inclusion and used technology to cut down on operational costs. Our understanding of the regulatory issues faced by these companies, the evolution of the digital ecosystem, and current technological trends allows us to provide accurate and efficient support to Fintech businesses.
Fintechs include high growth companies, start-ups, upcoming financial institutions, and even banks. It is a broad ecosystem made up of providers of credit and digital payment solutions, trading platforms, and a plethora of organizations focused on personal finance management & wealthtech, insuretech, and regtech, crowdfunding entities, and neobanks, amongst others. Our Fintech practice has a successful track record assisting these clients navigate the business, legal, and regulatory issues they face, therefore enabling them to successfully achieve their objectives.
Establishment of duly supervised Fintechs vigiladas
The firm advises on regulatory, compliance, and enforcement issues that fintech companies must address based on a practical understanding of oversight authorities, such as the Colombian Financial Supervisory Authority (SFC: Superintendencia Financiera de Colombia).Therefore, we know what is required to comply with the myriad of regulatory issues faced by legal entities in order to obtain and keep banking licenses and licenses for non-banking financial institutions, including specific requirements in the following areas:
〉Development of business models, capital structure and financial outlook
〉Corporate governance
〉Appropriate financial customer service schemes
〉 Comprehensive and cross-cutting risk management*
* Appropriate risk management is carried out by means of a systematic approach and the implementation of the risk management systems required by financial institutions: Operational Risk Management Systems (SARO: Sistemas de Riesgos Operativos ), Anti-Money Laundering and Counter-Terrorism Financing Risk Management Systems (SGRLAFT: Sistemas de Gestión de Riesgos de Lavado de Activos y Financiación del Terrorismo), and the Information Security and Cyber Security Management Systems (SGSI&C: Sistemas de Gestión de Seguridad Informática y Ciberseguridad), amongst others.
Tailor-made services
Fintech companies are to continue growing and expanding avant-garde financial services and solutions. The firm provides legal and business advice, plus hands-on experience to this industry focusing primarily on the following services:
〉Financial regulatory compliance
〉 Incorporation of supervised financial entities, approval of banking licenses and licenses for non-banking financial institutions
〉 Intellectual property and technology
〉Protection of patents, trademarks, copyrights, software, trade secret assets, and technological know-how
〉Corporate financings and transactions
〉 Seed to late-stage funding – starting from early rounds into pre-revenue startups to leveraged investments in profitable businesses
〉 Tax planning and tax-efficient structures
Future technologies
We understand Fintech companies and know that they work in a fast-paced environment. Innovation is in their DNA and we are aware of the need for the inventions of Fintech companies to be duly authorized by regulatory authorities for them to adequately operate and grow. Hereunder are three of the main technologies that we believe will shape the future of Fintech:
We understand Fintech companies and know that they work in a fast-paced environment. Innovation is in their DNA and we are aware of the need for the inventions of Fintech companies to be duly authorized by regulatory authorities for them to adequately operate and grow. Hereunder are three of the main technologies that we believe will shape the future of Fintech:
〉La Cloud computing, on-demand availability of computer system resources, including servers, storage, databases, networking, software, analytics, and intelligence over the internet, reduces entry costs for emerging companies and enables efficiencies, which makes it one of the linchpins behind the new Fintech paradigm. This technology enables companies to optimize their operations, accelerate innovation, and launch new products efficiently.
〉 Artificial intelligence (AI) will drive value creation. The use of AI allows Fintech companies to automate everyday tasks and improve the quality of their cutting-edge services. Automation of data processing and risk assessments, user behavior analysis, fraud and money laundering prevention, a better understanding of financial consumer service, and financial forecasting, are amongst the use cases where AI is going to play a distinctive role.
〉Blockchain, a distributed database or ledger shared among a computer network's nodes, is transforming established financial protocols by enabling the storage of financial transactions in multiple locations at once. The storage and exchange of data distributed through this technology are behind financial innovations such as digital wallets and assets, decentralized finance, and Non-Fungible Tokens (NFTs).
We are convinced that innovative and agile Fintechs with solid business models, focused on generating value, with adequate cost structures, and leveraging these and other technologies are the disruptive companies that will build a better future for all.
If you would like more information about our tailor-made services for Fintech companies send us an email to contacto@securitasconsulting.com.
Through Terrenta S.A., a crowdfunding private limited liability company, we belong to Colombia Fintech, an association of Fintech companies in Colombia that are shaping the future of this industry.
def check_interest(company_interest):
if company_interest == 'Fintech':
return "You should contact us."
