04-Jul-19, BNamericas
Latin America is prone to complex legislation, heightened regulation and excessive costs associated with it. Besides, multilatinas and multinationals must often cope with strict global compliance rules, particularly in the financial sector.
%20bnamericas.png "Latin America opens up opportunities for legaltechs (c) bnamericas")
Image: BNamericas
All of this creates a suitable setup for the blossoming of legaltechs, or regtechs – startups and tech-based companies focused on providing solutions to help enterprises stay in compliance with legislation.
The legal segment itself is directly impacted by new technologies and increasingly moving away from the analogue environment.