The Dominican Association of Fintech Companies (Adofintech) celebrated the advances achieved in 2021 for the strengthening of the fintech ecosystem and the digital transformation of the country, which represent more than 70% of the actions identified in its annual work plan.
Read more on the subject and find the most important business news of the day with the Born2invest mobile app.
The entity pronounced itself in these terms in the framework of its annual ordinary general assembly, headed by the president of the Association, Miguel Adames
At the beginning of the year, Adofintech developed a work plan made up of four strategic guidelines: to promote the development of the fintech market in the country; to encourage innovation, use, and development of new financial technologies and their entrepreneurship; to be the exclusive channel for communication on fintech issues and to capture opportunities for the benefit of the association and its members through international positioning.
“During the months of January to October 2020, Adofintech has continued to carry out a wide and important work of dissemination on fintech topics, collaborating with more than 111 activities of the ecosystem. Of these, 90 were organized by the association and include educational events open to the public, such as panels, webinars, as well as the sessions of the tables and internal working committees of the association, from where they discuss and plan actions to strengthen the different fintech verticals and the regulatory environment,” said Adames.
The executive took the opportunity to announce the celebration of the international event “Dominicana Fintech Forum 2021: The fintech revolution here and now”, on November 16th and 17th, in a blended format. He reiterated the commitment of the guild he leads to the development of a digital economy “that promotes the productivity and competitiveness of the country’s companies”.
He added that, for these purposes, the Association has executed an active work agenda with the authorities, carrying out more than 30 strategic actions for the benefit and strengthening of the ecosystem and contributing to the development of public policies, such as the national strategy for the export of non-traditional services.
Likewise, they have jointly developed regulations, such as the instructions for electronic payment entities and electronic payment agents, in addition to extending their support to entities such as the Central Bank and the Financial Analysis Unit in advisory and diagnostic processes.
“I would like to highlight Adofintech’s active participation in the development of the Digital Agenda 2030, as a member of the digital transformation cabinet. Indeed, many of the objectives that are now part of the agenda we have been working on in the Working Groups of the guild since our inception in 2018″, said Adames.
Additionally, he referred to the development of alliances with other associations and academic entities, such as the Dominican Association of Insurance Brokers (Adocose) to promote the Insurtech vertical, and with the Open University for Adults (UAPA), in order to advance in the support of Dominican MSMEs and the development of digital skills. The organization currently has collaboration agreements with seven institutions in the country.
The guild has also executed actions to facilitate opportunities that allow the development of Dominican fintech companies and their expansion to other countries in the region through alliances with international entities such as the Regional Center for the Promotion of MSMEs (Cenpromype), an organization attached to the Central American Integration System (SICA), and the University of Cambridge.
From Adofintech, we reiterate our commitment to continue working with financial inclusion as a north, increasing the visibility and reach of Dominican fintech and new technologies to provide access to financial and insurance services to the entire population and help in meeting the Sustainable Development Goals,” said the executive at the conclusion of the event.
Dominican Fintech Forum 2021
Dominican Fintech Forum 2021 will feature the participation of more than 20 local and international exhibitors who, during two days, will present the main fintech trends. The virtual participation will be one hundred percent free, and with cost in person. Those interested can register at ww.dominicanafintechforum.com.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in elDinero, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Boiron Enters the Medical Cannabis Business
Boiron is counting on cannabis to restore his health. The change was announced on the BFM Business TV channel. It's...
Tech Innovation Is about to Takeoff: Get Ready for It with XRApplied
While most of us grew up bearing witness to a tremendous pace of tech advancements, things seem to have stagnated...
Glen Invest, the Moroccan Investment Company Set Up in Casablanca
Glen Invest's priorities for the region are clear. They concern investments in the processing industry for mass consumer goods, "with...
Why Are Syncrude, Ledcor Group, and Ekati Mines So Excited about Triad Pro Innovators’ New EEL Diesel Hybrid Genset?
It's understandable if the words ‘diesel hybrid genset' don’t get your heart racing. But what if we throw in an...
New Strategy, New Brand: The Secret Re-Start of Exporo
According to information of Finanz-Szene.de, the strategy turn and the internal reorganization are also a consequence of difficulties, which Exporo...
Crypto2 weeks ago
Satispay and Young Platform Team Up to Simplify Cryptocurrency Purchases
Biotech2 weeks ago
Rethinking DMT: Algernon Pharmaceuticals’ Novel Approach to Stroke Treatment
Business2 weeks ago
Before the Metaverse: Augmented Reality in Education
Featured2 weeks ago
Why Soybeans and Soybean Oil Closed Lower