Certain business models which are considered as Fintech may already have a specific regulation in Spain, like the crowdfunding platforms of debt or equity. Other innovative business models, although not expressly regulated, have a security markets focus and/or may require prior CNMV authorization, such as:
(i) Automated advice or automated portfolio management.
(ii) Algorithmic trading.
(iii) Distributed ledger technology.
(iv) Alternative distribution channels applying to securities markets.
(v) Big data.
(vi) Other crowdfunding platforms.