Country _ Name
Asset and portfolio management
FinTechs belonging to this category offer asset and portfolio management services via an internet platform or software programs and usually manage and dispose of the assets of their customers long or short term according to their specifications without actually holding the property or the possession of those assets. FinTechs, which provide information about and access to overnight or time deposit accounts at national and foreign banks and which execute the transactions to these accounts, also belong to this category. Some FinTechs however only act on request of the customer.

Aside from that some FinTechs offer software or internet solutions enabling users to manage and plan their personal finances on their own by providing graphics, overviews and compilations of their financial data and sometimes indicating financial risks or opportunities, but without actually managing the assets.


Attitude of the country towards modern asset and portfolio management services

The environment is positive for new companies in this market.

Legal affairs

Obligations and requirements to provide asset and portfolio management, or ancillary services described above

It is authorised for banking companies. The license is the respective banking license. Such license depends on the law firm fees but could cost USD50,000 and take 12 months.

Financial companies shall incorporate a new stock company. The founders shall apply for an organisational authorisation as a first step to be issued by the SBS. Then, to begin the operations, SBS shall grant an operational authorisation. The operating license is indefinite and may be revoked by the SBS under certain circumstances. Once the financial company is operating in the Peruvian market, different authorisations apply, such as the opening of branches, change of the bylaws, acquisitions of shares etc. 

Additional comments regarding the legal situation for asset and portfolio management services or what FinTech’s must be aware of in this business area

The platform provider is not a regulated company.

Economic conditions

Market size for asset and portfolio management services and biggest companies in this business area

The biggest company is BCP Group, the same as for payment services providers. 

Additional comments regarding the economic situation for asset and portfolio management services or what FinTech’s must be aware of in this business area





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