What Fintech companies should know about legal regulations in Colombia.
After a 61% growth last year, Colombia currently has the third biggest Fintech Industry in South America. Despite that, currently Colombia does not have a single proper Fintech regulation nor even a bill about it, even when the government and other sectors have widely acknowledged its importance, as they are currently becoming one of the decisive agents for the future of the worldwide financial industry.
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Data Protection: Why you must comply and How to do it while running a Transnational Business – A focus on Colombia
Since the European Union’s General Data Protection Regulation (GDPR) is coming into force, an incredibly large number of companies are trying to keep up with Compliance before May 25, the deadline provided in that law.