CHILE Trends and Developments Contributed by: Alvaro Moraga Fritz and Sebastián Moraga Nazar, Moraga & Cía.
Notably, the coexistence of fintech and banking, governed by principles prioritising security , user consent and financial inclusion , has the potential to expand access to financial services for under - served populations, addressing long-standing gaps in the industry. Additionally, it reinforces public trust, creating a financial ecosystem that is both inclusive and resilient.
As the gradual implementation of the SFA pro - gresses and new regulatory innovations emerge, Chile is well positioned to lead financial moderni - sation efforts in the region. Nevertheless, ongo - ing monitoring and adaptive regulatory measures will be essential for ensuring the system’s suc - cess and fully realising its objectives to the ben - efit of consumers, businesses and the country’s overall economic development.
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