This required engagement has strengthened further after the 2008 global financial crisis, and especially as technology reshapes how financial services are delivered. New cloud propositions, robo-advice services and even the application of artificial intelligence (AI) often warrant deeper engagements with regulators. In contrast to incumbents, fintech firms may operate on the regulatory periphery. They often create services different from existing platforms.
BIS Review 28/2006  1  Many countries in Latin America make special efforts to lift the status of small-business activity and of entrepreneurship. The idea in that region seems to be that a country that wants to promote small business must work to have its population look up to entrepreneurs, as they do to doctors and lawyers.