Governance vs. Innovation: A Developing Debate in the Financial Sector
Gilson Finkelsztain from Santander Brasil argues that governance and regulation should not be seen as obstacles to innovation in the financial sector, emphasizing the possibility of coexisting with strong regulations. The debate is particularly relevant amid global geopolitical tensions affecting sector dynamics.
Governance and regulatory frameworks have often been perceived as barriers to innovation within the financial sector, but Gilson Finkelsztain, CEO of Santander Brasil, argues otherwise. During his recent participation at Febraban Tech in São Paulo, he contended that regulations should not be seen as hindrances to technological advancement and innovative initiatives. According to Finkelsztain, the industry has a historical track record of managing regulatory issues and privacy concerns, suggesting it is possible for strong governance and innovation to coexist. This debate gains relevance in today's global context, characterized by geopolitical tensions that could impact sector dynamics. In an increasingly digital world where data and technology are strategic assets for nations, Finkelsztain sees a growing need to balance innovation with regulatory security. This equilibrium is crucial not only for local economic development but also for international competitiveness of financial firms.
Source: Valor Econômico