The Depósito Central de Valores (DCV) together with the Central Bank of Chile (BC) decided to venture into new technologies. It regards an agreement through which both entities have decided to explore the alternative of advancing in the development of digital assets.
Making innovation part of the corporate culture of the Depósito Central de Valores. This is the principal challenge that DCV faces today before the transformation process that the Company is living, where an important part of the focus will be put on innovation with the purpose of developing new businesses.
Fanny Tagle, DCV’s Deputy Legal Affairs Manager, explains Regulation No. 432 published by the Commission for the Financial Market (CMF). This regulation recognizes that there are certain types of goods, documents and contracts that can be deposited and custodied by regulated companies
A strong commitment to innovation and technology will mark the Depósito Central de Valores’ roadmap for the coming years. Since 2018, DCV has been living an important transformation due to a profound change to its technological infrastructure along with the creation of a New Businesses management area.
DCV was invited by the Commission for the Financial Market (CMF) to participate in the proposal preparation process regarding future Fintech regulation. The challenge was addressed in group sessions during the final months of 2018, with the purpose of commenting on how a regulatory framework for companies in the Fintech market could be developed.
“We are trained to think in quality of service so our clients can perceive the benefits from this effort. This goes beyond a specific measurement, it is a work style that is reflected in determined activities that seek continuous improvement and commitment to doing a good job”, explains Juan Carlos Melys, Commercial Assistant Manager.