Spain's fintech scene could rightly be perceived as mediocre, but with shifts in regulation and a natural link with LatAm, is change ahead?
Finnovista is a leading market advocate for fintech in Latin America and Spain; looking ahead to 2017 the organization thinks fintech will be important in promoting financial inclusion specifically with 40% of the fintech services in Latin America focused on unbanked and underbanked consumers and businesses; Finnovista's Fermin Bueno says Latin America has the ecosystem, venture capital and government support for fintech growth and financial inclusion improvements; Bueno also predicts growth in fintech will increase competition for traditional providers with 30% of traditional industry income at risk from fintech companies. Source