Una mirada teórica al fintech en Colombia

Abstract

This paper presents an approach to the new companies that venture into the global financial market, the so-called fintech. Definitions of the term fintech are presented both of academic authors and of business sector and some classifications given to these companies are exposed in order to propose a classification for the Colombian market, according to the segment of the financial market to which they provide their service. Identify all fintech companies in Colombia would be a difficult task, so were mapped the associated with the Asociación Colombia Fintech and they were cataloged according to the classification proposed for Colombia. Finally, four impacts that fintech have had on traditional Colombian banking were identified and analyzed. For this purpose, banks Bancolombia, Davivienda and BBVA were taken as reference, in order to give a quantitative approximation of these impacts.