The publication of the Financial Technology Institutions Law
(Fintech Law) on 9 March, 2018 was a long awaited piece of
legislation which aimed to promote financial inclusivity and
technological innovation through a joint collaboration between
Mexican regulators, legislators, and important private actors in
the field. This article considers the requirements under the
Fintech Law that any third country entities will need to comply
with in order to operate in Mexico in this space.
The Fintech Law intends to build a regulatory framework aimed at
the development of innovative financial services, increasing the
level of competition and financial inclusion, as well as placing
Mexico at the forefront of the industry. The Fintech Law currently
recognizes two types of financial technology institutions
(FTI) and an innovative or sandbox model:
