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ARTICLE · 29 JUNE 2020

Fintech In Mexico: Market Participants And The Regulatory Response

Mayer Brown
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Following the 2008 fnancial crisis, companies formed fnancial alternatives to traditional banking to meet consumers' needs.

United StatesTechnology
Romina Fernández
Romina Fernández
Raúl Fernández-Briseño
Raúl Fernández-Briseño
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Abstract: Following the 2008 financial crisis, companies formed financial alternatives to traditional banking to meet consumers' needs. Such alternatives benefitted from the advent of new means of recruiting and interacting with clients, remunerating and investing. Mexico has a track record of facilitating flourishing start-ups in the financial technology (fintech) sector. This article presents the context in which Mexico developed regulations for its fintech industry and provides an overview of key regulations and models of operating fintech institutions under Mexican law.

Context of Fintech in Mexico

The emergence and expansion of

Unregulated Multiple Purpose

Financial Companies (Sofom) and

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