Industria Fintech. ¿Instituciones financieras emergentes para pymes?

Industria Fintech. ¿Instituciones financieras emergentes para pymes?

Industria Fintech. ¿Instituciones financieras emergentes para pymes?

Monday, January 25, 2021, by Rubén Ascúa

El mundo emprendedor y de pymes, incluyendo a las instituciones de apoyo y a los propios gobiernos, considera el financiamiento como uno de los tres temas más importantes para la promoción de pymes y en particular de las nuevas empresas. En el caso de las nuevas empresas tecnológicas, la gestión del financiamiento cobra especial relevancia debido a la existencia de barreras específicas para acceder a los recursos, ya que se trata de empresas con un componente importante de activos intangibles y una elevada dosis de incertidumbre producto de su carácter innovativo.

Por otra parte, los distintos desarrollos tecnológicos que han tenido lugar durante la última década, junto con los nuevos modelos de negocio que estos han generado, están modificando la industria de los servicios financieros. Hoy es imposible analizar el sector sin tener en cuenta el impacto de las nuevas tecnologías financieras y de los emprendedores o compañías “Fintech” que las implementan. Son estos los nuevos actores que compiten con las instituciones financieras tradicionales y desafían sus consolidados modelos de negocio.

Las empresas FinTech se dedican a intermediar en el mercado financiero de diversos modos, en las transferencias de dinero (remesas), en los préstamos, en las transacciones de cobros y pagos, en la intermediación en los mercados de capitales (asesoramiento financiero y de inversiones). Es evidente que todavía se discute si la trasformación de la industria de servicios financieros tendrá lugar por la vía de la competencia o más bien de la colaboración entre unas y otras. A su vez, se ha ido generando una creciente expectativa sobre su contribución a la reducción de la brecha de financiamiento que afecta en particular al sector de las pymes y jóvenes empresas.

Por un lado, el surgimiento de nuevas plataformas e intermediarios financieros en línea, con menores costos de transacción y nuevas técnicas y fuentes de información para evaluar el riesgo crediticio, podría contribuir a expandir el acceso a financiamiento de las PyME. Por otro lado, la existencia de soluciones para pagos y herramientas digitales para lograr un mejor desempeño financiero empresarial, no solo facilitaría la digitalización y formalización de estos negocios, sino que además el historial de sus transacciones podría facilitar la evaluación del riesgo de crédito involucrado, creando nuevas opciones para resolver asimetrías de información, reduciendo el riesgo moral y la selección adversa que sufren las empresas pymes.

 Pese a la expansión de las FinTechs en la última década, sus volúmenes de financiación son pequeños en proporción al tamaño de la economía y las financiaciones a través de entidades “convencionales”. Se destacan las financiaciones FinTechs en China, EEUU y Reino Unido. En América Latina la evolución del sector Fintech ha sido vertiginoso, concentrándose en el segmento de las finanzas familiares.

¿Es esperable que las Fintechs eficienticen el acceso al financiamiento de las pymes y jóvenes empresas en América Latina?  Con este artículo iniciamos una serie que apunta a analizar la revolución FinTech e intentar responder al interrogante planteado.

 

Autor

Dr. Rubén Ascúa

Dr. Rubén Ascúa

Rector UnRaf

Profesor en las Universidades Tecnológica Nacional, de General Sarmiento y del Litoral en Argentina; y en la de Ciencias Aplicadas de Kaiserslautern, en Alemania. Presidente de la Asociación Civil Red Pymes MERCOSUR. President of  International Council for Small Business (ICSB 2014-2015). Director de A&M Ciencias Económicas.

Rethinking the Entrepreneurial University and all that Jazz: The Campus Radio, Edutainment, and Youth Development

Rethinking the Entrepreneurial University and all that Jazz: The Campus Radio, Edutainment, and Youth Development

Rethinking the Entrepreneurial University and all that Jazz: The Campus Radio, Edutainment, and Youth Development 

Monday, January 11, 2021 Dr. Nnamdi O. Madichie

Rethinking the Entrepreneurial University and all that Jazz: The Campus Radio, Edutainment, and Youth Development 

Monday, January 11, 2021

In putting this opinion piece together, I would like to start with an important question. 

How can universities demonstrate entrepreneurialism beyond the usual suspects? 

What are these usual suspects? Commercialisation of research? Navigating uncharted waters? And relevant to the current pandemic climate – is all about developing a vaccine and providing scientific advice? 

No disrespect to the good job of global players providing intelligence on vaccines and communicating numbers on the “R” rates – John Hopkins University, Imperial College, and Oxford University, to name just a few. While universities play a big role in saving lives, there is also the need for preserving livelihoods. 

As a social scientist, my interest in this article takes a slightly different perspective that hinges upon the humane entrepreneurship narrative and the 4Es empathy, equity, enablement and empowerment that have been at the core of the ICSB – especially concerns over enabling and empowering the youth with a view to serving the full social purpose of universities. (Read more…).

Sustainable start-up: Between candor and big lies

Sustainable start-up: Between candor and big lies

Sustainable start-up: Between candor and big lies

Wednesday, December 2, 2020

(This is a case study based on real proceedings. Names have been anonymized, and organizational contexts and events have been disguised. Any similarity to real institutions and organizational contexts is coincidental.)

Sustainable start-up: Between candor and big lies

Wednesday, December 2, 2020

(This is a case study based on real proceedings. Names have been anonymized, and organizational contexts and events have been disguised. Any similarity to real institutions and organizational contexts is coincidental.)

Start-ups are tricky and not least so in the wicked world of tech sustainability.

This story is about a young engineer suddenly finding herself immersed in an entrepreneurial setting where she struggles to balance her idealistic vision of sustainable technology solutions with the hardcore realities of business-as-usual.  

Entrepreneur, oh really?

I´m a millennial who grew up between the US, Denmark, and Spain, and ended up studying chemical engineering in Copenhagen. I did my master’s in biotechnology and then gained my Ph.D. in Materials Science in Barcelona based on a project funded by the Spanish Research Council. I defended my thesis about a year and a half ago based on research on the interface between biology and materials science, using surface modification to control cell behavior.

I´ve always been curious, but I never thought about or planned to become an entrepreneur. Though I´ve heard plenty about it since my parents rarely had “real jobs”, rather, traditional employment like most other parents, but instead always talked about projects, cash flow (or lack of it), and start-up opportunities. They always told my siblings and me about the joy of doing what you want and when you want. And particularly the latter stuck with me (Read more…).

It is Entrepreneurship Time: Ecosystem Building: An Idea Coming of Age?

It is Entrepreneurship Time: Ecosystem Building: An Idea Coming of Age?

It is Entrepreneurship Time: Ecosystem Building: An Idea Coming of Age?

Monday, November, 16, 2020 By Ph.D.Norris Krueger, Expert Entrepreneurship Developer. Senior Subject Matter Expert for Entrepreneurial Ecosystems & Learning, OECD/EU, United States

It is Entrepreneurship Time: Ecosystem Building: An Idea Coming of Age?

Monday, November, 16, 2020 By Ph.D.Norris Krueger, Expert Entrepreneurship Developer. Senior Subject Matter Expert for Entrepreneurial Ecosystems & Learning, OECD/EU, United States

Do we grow local economies bottom-up or top-down?

At a seminal OECD workshop in 2013 in the Netherlands, leading thinkers came together and discussed this issue. One side focused on creating optimal enabling conditions wherein entrepreneurship would emerge. The other side focused not on this institutional perspective but instead on a functional approach wherein the community grew from the entrepreneurs and their champions. [Mason & Brown 2014[1]] One intriguing observation was that civic officials and large institutions (including universities) strongly favored the top-down approach. Meanwhile, the entrepreneurial community of entrepreneurs, investors, and entrepreneurial champions favored the latter, often vehemently. Self-serving biases aside, it is clear that the more one works closely with entrepreneurs, bottom-up becomes preferred.

To that end, major supporters of entrepreneurship turned their interest to the entrepreneur-led, bottom up model (to use Feld’s fortuitous phrase). In particular, the Kauffman Foundation realized the need to explicitly work to reduce or remove the hurdles to starting, running, and growing ventures for everyone. This model of “zero barriers” is intended as a “rising tide” strategy that empowers everyone.[2](Read more…).

Economic and Social Crises and the Power of Data

Economic and Social Crises and the Power of Data

Economic and Social Crises and the Power of Data

Monday, November, 9, 2020

Economic and Social Crises and the Power of Data

Monday, November, 9, 2020

How Entrepreneurship can be part of economic revival

In 2020, a social crisis, unprecedented in our modern society for its rapid and wholesale impact, descended upon the World, inflicting its force in nearly every corner of the globe, causing widespread loss of life and threatening the economic welfare of every community. We might have rationally thought that advances in medicine, technology, and communication would make us immune to an out-of-control virus. Perhaps we should be able to control the outbreak of a disease, no matter how aggressive. But the COVID-19 pandemic has taught us that much of this control is in retrospect, when we realize how extensively we were caught off guard, how we didn’t act when we should have. No longer able to anticipate and pre-empt, we can only react, taking the knowledge we have and amassing our understanding to minimize further social and economic damage. It was too early, in the spring of 2020, to think about the lessons we would take forward, but there will be lessons.

The social and economic costs of the COVID-19 pandemic have been viewed, by some, as tradeoffs. Do we accept some deaths as perhaps inevitable or, at the very least, a cost we must endure to avoid the economic consequences? Or do we avoid human loss at all costs, particularly when it is a family member, close friend, or a medical professional that risked their life to save others? Fundamentally, though, we recognize that we cannot have a functioning economy with an unrestrained health crisis. Nonetheless, we have to fight the social battle with all our might while recognizing that the economic fallout could have devastating results for society. Recognizing that entrepreneurs and business owners are critical to the functioning of every economy, most policy makers realize that small business has to be part of this conversation (Read more…).

Our small companies at the heart of the European Commission’s big efforts to deliver on the SDGs

Our small companies at the heart of the European Commission’s big efforts to deliver on the SDGs

Our small companies at the heart of the European Commission’s big efforts to deliver on the SDGs

Monday, October 26, 2020, by Kristin Schreiber, Director for SME Policy at the European Commission’s Directorate General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), Germany.

Our small companies at the heart of the European Commission’s big efforts to deliver on the SDGs

Monday, October 26, 2020, by Kristin Schreiber, Director for SME Policy at the European Commission’s Directorate General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW), Germany.

How Small Business can play a role to deliver on the SDGs

The COVID-19 pandemic that struck Europe and the world in Spring 2020 has brought about many challenges and fears – for citizens, businesses and governments. But it has also demonstrated that we need to act as a global community in order to come out of the crisis stronger, more resilient and sustainable. This means breaking down barriers, sharing best practices and inspiring big ideas. It also means involving all elements of Europe’s social and economic fabric in the recovery process – and our micro, small and medium enterprises (SMEs) are key actors here.

Small businesses have been most affected by the COVID-19 crisis: they have often been cut off from customers, clients and suppliers and deprived of precious liquidity. Many have not survived and many others are only limping through, burning up valuable rainy day reserves(Read more…).