Changes at FinteChile: Ángel Sierra, Executive Director, Resigns

• Ángel Sierra has resigned from his position as Executive Director of FinteChile, the association that brings together more than 380 Fintech companies in the country.

• During his tenure, Sierra worked to increase the visibility of the Fintech sector among the government and regulatory bodies, leading to the approval of the Fintech Law and the regulation of payment card interchange fees.

• Sierra also helped bring the consolidated debt bill to the table, which is still under discussion in Congress.

After six years on the board of FinteChile, Ángel Sierra has announced his resignation as Executive Director of the association that represents more than 380 Fintech companies in Chile. Sierra will leave his position at the end of April.

In his work at FinteChile, Sierra focused on increasing the visibility of the Fintech sector among the government and regulatory entities. His efforts led to the approval of the Fintech Law, the regulation of payment card interchange fees, and the introduction of the consolidated debt bill, which is still being discussed in Congress.

Upon announcing his resignation, Sierra stated, “Once again, I corroborate that union, collaboration, and dedication make strength. The financial system of Chile was one when we created FinteChile in 2017, and today it is another, with greater capabilities to continue advancing towards the ultimate goal: financial inclusion and well-being for individuals and companies.”

José Gabriel Carrasco, President of FinteChile, thanked Ángel Sierra for his work, stating in a conversation with La Tercera that he “has been a vital piece for us to become a relevant association in public discussion today.” Carrasco added that through FinteChile, they reach almost all Chileans who use prepaid cards, payment gateways, crowdfunding financing, open finance solutions, investment platforms, and cryptocurrencies, among many other products offered by their member companies, generating significant changes in financial inclusion.

Carrasco wished Sierra success in his new professional challenges, which he will undoubtedly undertake with his characteristic excellence.