Legal requirements to register your FinTech in Peru

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fintech-legal-requirementsWhat legal requirements must you meet for your Fintech or lending company to be able to operate in Peru? Regardless of the financial solutions you want to launch in the Peruvian market, there are three entities that regulate this type of operations. One is the Superintendency of Banking, Insurance and AFP (SBS), another is the Superintendency of the Securities Market (SMV) and the third is the Central Reserve Bank of Peru (BCRP).

In fact, if a person wants to know which fintech companies buy targeted email list regulated by the SBS , they can enter the database of this organization and check it by name or RUC if it is in the business registry ; here are listed loan companies authorized by the SBS, exchange houses, among other businesses that comply with SBS regulations .

Having a formal company in the country, for this sector, has a positive impact on organizations. This way, it generates more confidence in users, since they know that, when acquiring services from entities regulated by the SBS, among other important entities, their rights and interests are protected.

What will you find in this text?

1. Identify if your activity is regulated
2. Process the license from the entity that regulates your business activities
3. What are the legal requirements you must meet?
If you still don't know what financial service to offer to the public, we invite you to read about the impact and strategies of credit in companies. You may be interested!

Now that you know a little more about the importance of being a financial or fintech company authorized by the SBS, the SMV or the BCRP, what legal requirements must you meet to be accepted to operate?

Here are some key facts:

1. Identify if your activity is regulated
Not all fintechs need to be registered with these entities. For example, a debt collection software company , even if it is a fintech, does not need to be registered on the platforms of these entities because it does not carry out financial operations. Its focus is on software development, creating useful technological infrastructure for both parties carrying out the transaction.