Fintechs today are acquiring increasing economic importance. They have managed to consolidate their position in the financial sector by offering alternative finance solutions, online consumer credit and flexible, convenient and efficient services. Advances in technology across society have led to changes in consumer behaviour, and this, in turn, has led to the emergence of new markets and new business models. As well as satisfying the demands of the modern consumer, fintechs have managed to consolidate their position by catering to a market niche that was, until now, not profitable and largely neglected by traditional financial institutions.

Fully aware of the new needs of the financial sector, GDS Modellica has developed flexible solutions that can help financial companies create, manage and improve their business processes more effectively whilst maintaining compliance in a regulatory environment that is notoriously strict. These solutions can also adapt to the provision of credit and level of prospecting in order to accelerate the commercial cycle using automated decision technology and risk analysis, all whilst maintaining maximum levels of security.

Identity theft and fraudulent transactions represent a real risk for fintechs. Staff errors, unfit internal processes, system failures or external events can all lead to potential operational losses. And then there is a much tougher risk to manage: cybercrime.

According to the recent report by Finnovista titled “Evolution of the Fintech Sector in Latam” (original report in Spanish), disruption in the sector has paved the way for the existence of new verticals in insurance, lending, payments and investments markets, known respectively as Insurtech, Lendingtech, Paytech and Wealthtech, and these will each continue to gain relevance in the industry. One of the catalysts for change in the financial industry are digital loans and Lendingtech companies, companies that provide people and businesses with digital credit solutions.