Crowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en Colombia

The regulation of the so-called financial innovation comes with certain challenges that must consider the promotion of models that comply with the protection of the financial system, and of the actors that intervene. However, it must also promote creativity and avoid becoming an obstacle to new idea...

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Autores:
Isaza González, Sofía
Tipo de recurso:
Trabajo de grado de pregrado
Fecha de publicación:
2020
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
spa
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/51391
Acceso en línea:
http://hdl.handle.net/1992/51391
Palabra clave:
Micromecenazgo
Inversiones
Nuevas empresas
Derecho
Rights
openAccess
License
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
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dc.title.spa.fl_str_mv Crowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en Colombia
title Crowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en Colombia
spellingShingle Crowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en Colombia
Micromecenazgo
Inversiones
Nuevas empresas
Derecho
title_short Crowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en Colombia
title_full Crowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en Colombia
title_fullStr Crowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en Colombia
title_full_unstemmed Crowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en Colombia
title_sort Crowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en Colombia
dc.creator.fl_str_mv Isaza González, Sofía
dc.contributor.advisor.none.fl_str_mv Flórez Rojas, María Lorena
dc.contributor.author.none.fl_str_mv Isaza González, Sofía
dc.contributor.jury.none.fl_str_mv Giraldo Bustamante, Carlos Julio
dc.subject.armarc.spa.fl_str_mv Micromecenazgo
Inversiones
Nuevas empresas
topic Micromecenazgo
Inversiones
Nuevas empresas
Derecho
dc.subject.themes.none.fl_str_mv Derecho
description The regulation of the so-called financial innovation comes with certain challenges that must consider the promotion of models that comply with the protection of the financial system, and of the actors that intervene. However, it must also promote creativity and avoid becoming an obstacle to new ideas. Thus, crowdfunding schemes are an opportunity for financial innovation to gain importance within financial regulation and to seek a balance between protecting investors, promoting productive projects and promoting the platforms that connect both parties. To this extent, the mediation of financial services provided by Fintechs allows transaction costs to be low, and therefore, the commission charged by mediation is lower. Although, for the majority of the doctrine, there are two large crowdfunding models: financial and charitable, this research aims to develop its analysis in the financial model. In Colombia, Decree 1357 of 2018 was issued, and was modified by Decree 1235 of 2020, which for the first time regulates collaborative financing activities with financial returns in the country. Throughout this investigation, it is demonstrated that this regulation resulted in a series of obstacles for entities interested in implementing a crowdfunding platform in Colombia, due to the number of requirements necessary to operate legally. In this way, by pretending to demand the same requirements as any credit establishment in the financial system, it ends up distorting the very definition of collaborative financing and its quality as a fintech model, which from its origins has sought to solve the problems of small investors and MiPymes (micro, small and medium enterprises) as an alternative to traditional credit institutions belonging to the conventional financial system.
publishDate 2020
dc.date.issued.none.fl_str_mv 2020
dc.date.accessioned.none.fl_str_mv 2021-08-10T18:23:06Z
dc.date.available.none.fl_str_mv 2021-08-10T18:23:06Z
dc.type.spa.fl_str_mv Trabajo de grado - Pregrado
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dc.format.extent.none.fl_str_mv 33 hojas
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dc.publisher.none.fl_str_mv Universidad de los Andes
dc.publisher.program.none.fl_str_mv Derecho
dc.publisher.faculty.none.fl_str_mv Facultad de Derecho
publisher.none.fl_str_mv Universidad de los Andes
institution Universidad de los Andes
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spelling Attribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Flórez Rojas, María Lorena3b504868-9862-43d3-80fa-2050afe3eeae500Isaza González, Sofía7f3734f1-15fb-453c-a671-db284426a60c500Giraldo Bustamante, Carlos Julio2021-08-10T18:23:06Z2021-08-10T18:23:06Z2020http://hdl.handle.net/1992/5139123610.pdfinstname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/The regulation of the so-called financial innovation comes with certain challenges that must consider the promotion of models that comply with the protection of the financial system, and of the actors that intervene. However, it must also promote creativity and avoid becoming an obstacle to new ideas. Thus, crowdfunding schemes are an opportunity for financial innovation to gain importance within financial regulation and to seek a balance between protecting investors, promoting productive projects and promoting the platforms that connect both parties. To this extent, the mediation of financial services provided by Fintechs allows transaction costs to be low, and therefore, the commission charged by mediation is lower. Although, for the majority of the doctrine, there are two large crowdfunding models: financial and charitable, this research aims to develop its analysis in the financial model. In Colombia, Decree 1357 of 2018 was issued, and was modified by Decree 1235 of 2020, which for the first time regulates collaborative financing activities with financial returns in the country. Throughout this investigation, it is demonstrated that this regulation resulted in a series of obstacles for entities interested in implementing a crowdfunding platform in Colombia, due to the number of requirements necessary to operate legally. In this way, by pretending to demand the same requirements as any credit establishment in the financial system, it ends up distorting the very definition of collaborative financing and its quality as a fintech model, which from its origins has sought to solve the problems of small investors and MiPymes (micro, small and medium enterprises) as an alternative to traditional credit institutions belonging to the conventional financial system.La regulación de la denominada innovación financiera imprime ciertos retos que deben tomar en cuenta la promoción de modelos que permitan la protección del sistema financiero, y de los actores que intervienen. Sin embargo, también debe promover la creatividad y evitar convertirse en un obstáculo para las nuevas ideas. Así, los modelos de financiación colaborativa o Crowdfunding son una oportunidad para que la innovación financiera cobre importancia dentro de la regulación financiera y procurar por un balance entre la protección de los inversionistas, el impulso de los proyectos productivos y el impulso de las plataformas que conectan ambas partes. En esta medida, la mediación de servicios financieros prestados por Fintechs permiten que los costos de las transacciones sean bajos, y, por ende, la comisión que se cobre por intermediación sea más baja. Si bien, para parte de la doctrina mayoritaria existen dos grandes modelos de crowdfunding: financiero y benéfico, esta investigación pretende desarrollar su análisis en el modelo financiero. En Colombia, se expidió el Decreto 1357 de 2018 modificado por el Decreto 1235 de 2020, y ambos regulan por primera vez las actividades de financiación colaborativa con retornos financieros en el país. A lo largo de esta investigación, se evidencia que esta regulación se tradujo en una serie de obstáculos para que las entidades interesadas en implementar una plataforma de crowdfunding en Colombia, por la cantidad de requisitos exigidos para operar legalmente. De esta forma, al pretender exigir los mismos requisitos que a cualquier establecimiento de crédito del sistema financiero termina desnaturalizando la propia definición de financiación colaborativa y su calidad de modelo fintech, el cual desde sus orígenes ha buscado dar solución a los problemas de los pequeños.AbogadoPregrado33 hojasapplication/pdfspaUniversidad de los AndesDerechoFacultad de DerechoCrowdfunding e innovación financiera: análisis de la regulación en materia de financiación colaborativa en ColombiaTrabajo de grado - Pregradoinfo:eu-repo/semantics/bachelorThesishttp://purl.org/coar/resource_type/c_7a1fhttp://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/TPMicromecenazgoInversionesNuevas empresasDerecho201533736PublicationTHUMBNAIL23610.pdf.jpg23610.pdf.jpgIM Thumbnailimage/jpeg4824https://repositorio.uniandes.edu.co/bitstreams/d16edbef-afff-486b-862a-2422640d83ba/download5ffb525ff0c5e8de8ceda01e5341563fMD55ORIGINAL23610.pdfapplication/pdf660639https://repositorio.uniandes.edu.co/bitstreams/a47ffe42-a845-44a6-bd82-a2d4713298cc/downloadbe6c3c03aa02b5363a1a649dbeb994f7MD51TEXT23610.pdf.txt23610.pdf.txtExtracted texttext/plain98689https://repositorio.uniandes.edu.co/bitstreams/9ccea6ed-9c0f-4c34-8c93-9076112352cf/downloada1eeed4a6105392890003d1d55b2e998MD541992/51391oai:repositorio.uniandes.edu.co:1992/513912023-10-10 15:14:43.16http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co