Regulation, investments and futures with BTC were topics presented on the second day of the Argentina Fintech Forum

With a higher number of participants and views on the first day, Yesterday I continued the development of the annual event organized by the Argentine Fintech Chamber, which this year will take place in virtual form: Argentina Fintech Forum.

The first panel was on fintech regulation and was the room selected to present a report on comparative regulation in the region, by Marval, O’Farrell, Mairal, with funding from the Inter-American Development Bank, coordinating Afluenta and support was carried out by the camera.

Juan Diehl Moreno, partner in the study, explained the modality and scope of the report, which revolved around five branches of the ecosystem in seven countries (Argentina, Chile, Brazil, Uruguay, Colombia, Mexico and Peru). Some of the conclusions he highlighted were: “In general, crowdfunding rules govern platforms: the common factor is that they focus on targeting small and medium-sized businesses.” Regarding the exchange, he said that “none of the countries analyzed prohibit virtual asset transactions”.

Regulation, investments and futures with BTC were topics presented on the second day of the Argentina Fintech Forum
Regulation, investments and futures with BTC were topics presented on the second day of the Argentina Fintech Forum

The panel was moderated by María Sol Mas, Legal Adviser to the Chamber. Alejandro Cosentino, CEO of Afluenta stated, “Every fintech entrepreneur knows that financial activity has some level of regulation. It’s about people’s money.” For his part, Horacio Liendo, Senior Director of Fintech Legal at Mercado Libre, said: “Previously, the aim of regulators was only to reduce risk. Now we need to think about whether this affects innovation, which is the path to inclusion.” .

In the second panel yesterday morning, “WealthTech: Big Tech Futures?” Stated José Vignoli, CEO of InvertirOnline: “Thanks to technology, people are realizing that you don’t have a lot of capital or need to know a lot about investing and be encouraged to do so Platforms that are flexible and friendly. The increasing evolution of APIs and the ability to use them by end customers will democratize access and make the market more robust. ”

“This change has taken place over the past five years. Technology encourages collaboration (a mix of competition and collaboration) and opens up a universe of opportunities so that customers can get a better product and service. Among other things, we have to deal with the universe of transactions connect so that the user experience is consistent on the same platform, “added Pablo Juanes Roig, CEO of Banza.

Julio Merlini, CEO of Balanz Argentina, stated: “Digital onboarding has been the big change. We multiplied the account openings by 10. In 2015, 90% of our customers were focused on CABA and GBA, today they are spread across the country. It is important this Complement growth with financial literacy and work on data security. “

Bitcoin futures

Break up, Panel moderator Diego Fernández, CEO of Matba ROFEX, made an important announcement: “Before the end of the year, we will present a future for BTC for regulatory approval. We are working with Argentine crypto brokers and exchanges to develop an index for Pesos. We are optimistic about the approval as we believe that an alternative is to get crypto exposure through the traditional system. “

Digital payments

In the Digital Payments: Trends in Latam panel, changes in consumer habits were inevitable during the pandemic. Juan Fantoni, Director of Business Development in Argentina and Uruguay at Mastercard, said: “In August there were more online transactions in the region than in the physical world. We expected this to happen much later.”

Santiago Benvenuto, BBVA Payment Methods Manager, said: “The pandemic accelerated ongoing projects. Banks are making huge investments in digitization. And I’m not just talking about money, I’m talking about culture, focus and taking customer needs into account.”

On the future of the ecosystem, Hernán Corral, CPO of Naranja X said: “The next step is a consolidation. I envision a structure similar to that in the financial sector. With a group of player banks and a more specialized second tier. That will start in 3 or 4 years. ”


The last panel of the day was dedicated to entrepreneurs: “What are investors looking for in the fintech industry?”, Coordinated by Silvina Bruggia, Proposition Director for Emerging Markets at Refinitiv. Tomás Braun, General Partner of Kalei Ventures, focused on talent: “We are looking for outstanding entrepreneurs with an academic or professional background and we like that their startup is not the first.”

In addition, Braun emphasized that they “observe signs of traction for their investments: that there are people who are willing to pay for what they offer”.

Daniel Salvucci, partner at DraperCygnus, stated that the investment thesis she leads relates to “entrepreneurs who are driving humanity towards decentralization through technology”.

Salvucci highlighted the talent and potential he sees in the Argentine and regional fintech market.

Gabriela Macagni, partner at MatterScale, praised companies that “focus on specific solutions” because she sees “many inefficiencies in traditional companies”.

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