[ad_1]
Last week, the UK Central Bank granted the first operating license to a Fintech of the Financ type to operate as a direct credit company (SCD) .
Under this arrangement, the company can offer credit with its own resources and sell its credit portfolios to other financial institutions. IQ Sociedade de Crédito Direto has a capital of 2 million rand, which is headquartered in São Paulo.
Invest your money with the best broker in Brazil: open your zero interest account in XP Investimentos!
In April of this year, the National Monetary Council (NMC) created two models of fintechs for the credit market: SCD and SEP. In this second system, companies or individuals apply on a platform to lend money to other people, according to a mode called loan between individuals . The goal is to increase competition in the financial system and to allow a greater part of the population to have access to financial services such as loans, insurance, investments and loans. means of payment.
The resolutions of the CMN paved the way for fintechs. to operate without being bound by a conventional financial institution. Nor could they lend with their own resources. The CMN has set a minimum capital of R $ 1 million for the fintechs of both types to work.
There are currently 11 applications for MS and SCD operating licenses under review in British Columbia
.
[ad_2]
Source link
