Crowdfunding, financial and legal digital transformation in Mexico

Abstract

Since 2004, the influx of companies that use innovative technology mechanisms to provide financial services has produced paradigmatic changes in Mexico's banking and financial system, and the rest of the world. Crowdfunding is a phenomenon of collaborative movements, which have become very wide-ranging due to the advances of new technologies in conjunction with the current economic crisis and the outdated traditional banking. This technological disruption drives the construction of specialized standards in the sector, which provide certainty to these institutions but contract the influx of new challenges and legal questions in the way we proceed and capture the best benefits safeguarding users and introducing them to the financial system.