Recent data from the Argentine Fintech Chamber forecasts a 12.8 % increase in current workforce, which is expected to lead to employment growth in the sector, with the hiring of more than 4,200 new professionals.

In the results of its Fintech Employment Report, the chamber revealed data from 105 participating companies with statistics on “staffing, projections, critical profiles, hiring challenges, and turnover dynamics.”

Employment in the fintech sector registered a year-over-year growth rate of 12.8 %. “Of the companies surveyed, 80.95 % stated they plan to expand their workforce, while 19.05 % stated they will maintain their stable team, and none plan to reduce their workforce.”

The geographic concentration of employment in this sector is primarily in Buenos Aires (57.6%). However, “new regional hubs are beginning to consolidate, such as Córdoba, which accounts for 8.8 % of national fintech employment; Santa Fe with 3.7 %; and Mendoza, with 1.7 %.”

According to the Fintech Chamber report, hiring comes from sectors such as technology (61.9 %), other fintech companies (47.6 %), traditional banking (43.8 %), services (32.4 %), and commercial areas (14.3 %). Workers in these areas are migrating to the fintech market, which has become a driving force for job creation.

M.Pino

Source: cointelegraph

(Reference image source: Israel Andrade on Unsplash)

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La entrada Argentina projects 12 % job growth in fintech sector apareció primero en Bitfinance.

The fintech market maintains sustained growth in Chile, where there are more than 480 companies, both national and foreign.

According to the specialized company Finnovista, the country demonstrates maturity in the fintech market, with this significant increase in companies that consolidate different sectors connected to digital finance.

This was stated by Andrés Fontao, co-founder of Finnovista and CEO of FINNOSUMMIT, who also highlighted that the Chilean fintech market is characterized by a greater presence and size in the market.

“We are happy to know that the number of Fintechs continues to rise in Chile. Fintechs are aligned with our objectives of simplifying access to financial services by offering simple tools that encourage innovation, expand access and guarantee user confidence,” he said. underlined Fontao.

The sustained increase in fintech companies will help consolidate the market, in addition to “keeping the country at the forefront of financial innovation in the region.”

M.Pino

Source: americaeconomia

(Reference image source: Unsplash+, in collaboration with Getty Images)

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La entrada Fintech companies in Chile, both local and foreign, reached more than 480 apareció primero en Bitfinance.

The head of the Federal Administration of Public Revenues (AFIP) of Argentina, Mercedes Marcó del Pont, stressed that they are supporting the creation of a global centralized system that supports a registry of crypto holders, which would allow all tax agencies to avoid tax evasion. by the owners of virtual currencies.

The national tax collection agency of Argentina or AFIP, as it is known, plans to optimize its tax collection process with virtual currencies. One of its strategies is “the creation of a registry of cryptocurrency holders, by carrying out changes to include digital assets in the current automatic data exchange system operated by the Organization for Economic Co-operation and Development (OECD)”.

Marcó del Pont also stressed that the institution is compiling the financial information necessary to collect taxes from all Argentine citizens who have accounts abroad.

Strengthening the controls

The Argentine State is deepening the strategies and techniques that allow it to recover its capacities in matters of auditing to control and prevent tax evasion and increase the contribution of those sectors and people with higher incomes.

In this context, the agency managed to admit “digital wallets” as assets with the possibility of being “seized to pay the tax debt.” This measure made it possible to solve 5,000 cases, where taxpayers had other assets that the agency could seize.

The head of the agency indicated that these actions were possible because the institution receives reports from all “fintech companies on the holdings of their clients’ activities.” Additionally, she explained that the regulatory entity was able to exchange information with other countries that allowed them to access the funds of those “taxpayers who did not have bank accounts or assets in the country.”

Marcó del Pont considers it essential to share information on “electronic money, digital currencies and crypto assets in international mechanisms to prevent them from becoming instruments that facilitate evasion.”

M. Rodríguez

source: heaven32.com

La entrada AFIP supports the creation of the global registry of crypto holders apareció primero en Bitfinance.

The multinational financial services company, Visa, in alliance with Finnovista, has opened the call for all fintechs located in Latin America and the Caribbean to enroll in the Visa Everywhere Initiative 2021 program, as announced by the company through a published statement on the Cointelegraph news portal.

The invitation will be available to those interested until April 2, and it is expected that it will serve as an incentive to provide solutions that solve payment challenges and the future of Visa’s commerce.

The statement also specifies that the winners will be rewarded with USD 100,000 in prizes, and it is expected that the winning startups will benefit from: validation, growth, exposure and cash prizes.

Startup program

The Visa Everywhere Initiative 2021 is considered a global innovation program that seeks to connect startups and fintechs in a global competition in order to solve the payment and commerce challenges of the future.

Participating in the program is very easy. Those interested only have to register a project which will go through a selection process for the Visa Everywhere Initiative finalists for Latin America and the Caribbean. “The winner from the region will be invited to present their solution on a global stage,” as was outlined in the statement.

K. Villarroel

Source: cointelegraph

La entrada Visa Everywhere Initiative 2021 invites Latin American and Caribbean fintech companies apareció primero en Bitfinance.