2 Thirds of Fintech Use IFCs as Cross-Border Growth Tops Agenda
Access to global markets is an essential concern for a third of executives when choosing a jurisdiction. 28% see access to financing and investment as a difficulty, while the exact same number point to regulatory compliance and changing policies. BVI Financing releases Location Digital at Fintech…
63% are currently operating through entities in International Finance Centres (IFCs), showing that jurisdictions play a critical function in how decentralized and digital-first businesses run and grow. When fintech organizations choose to incorporate, several aspects direct the decision-making procedure. Nearly half (46%) of fintech businesses say tech integration to improve operational efficiency is a top priority over the next two years, with company leaders within exchanges (64%) and the tokenization sector (59%) especially focused on automation and digital infrastructure.
Despite their drive for international growth, fintech organizations face a range of challenges as they scale and broaden. The ever-changing and fragmented regulatory landscape, especially in the digital assets area, implies these organizations require jurisdictions with the capability to navigate compliance requirements, such as Anti-Money Laundering (AML) and Know Your Customer (KYC), across multiple markets– given that 24% of worldwide fintech executives see this as a significant obstacle, IFCs offer the solution with an innovative approach to regulation. Elise Donovan, CEO, BVI Financing, said: “As this new generation of business look beyond borders to scale, they must navigate complex and volatile geopolitical and financial conditions, and crucially, developing regulatory frameworks.”
Access to global markets is a key concern for a third of executives when picking a jurisdiction. 28% see access to financing and investment as a difficulty, while the same number point to regulatory compliance and changing policies. BVI Financing introduces Location Digital at Fintech on the Seas, a first-of-its-kind digital assets conference taking place on Necker Island. The Destination Digital report, released today by BVI Financing, reveals the strategic priorities, challenges, and jurisdictional considerations facing international fintech companies. 63% are currently operating through entities in International Finance Centres (IFCs), showing that jurisdictions play a pivotal function in how decentralized and digital-first businesses operate and grow. When fintech services choose to incorporate, several factors assist the decision-making process. Almost half (46%) of fintech companies state tech integration to boost operational effectiveness is a top priority over the next two years, with business leaders within exchanges (64%) and the tokenization sector (59%) especially focused on automation and digital infrastructure. Despite their drive for international growth, fintech businesses face a range of difficulties as they expand and scale. The fragmented and ever-changing regulatory landscape, particularly in the digital assets space, means these businesses need jurisdictions with the ability to navigate compliance requirements, such as Anti-Money Laundering (AML) and Know Your Customer (KYC), across multiple markets– given that 24% of global fintech executives see this as a significant obstacle, IFCs provide the solution with an innovative approach to regulation. Elise Donovan, CEO, BVI Finance, said: “As this new generation of business look beyond borders to scale, they must navigate complex and unpredictable geopolitical and economic conditions, and most importantly, evolving regulatory structures.”
