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Belvo
Mexico
D
101-250 Employees
2019
Key takeaway
Belvo is a pioneering startup that has developed a comprehensive open banking and open finance API platform, enabling access to over 90% of bank accounts in Latin America. Their technology standardizes financial data aggregation and enrichment, empowering financial innovators to create better user experiences efficiently.
Reference
Product
Banking | Product | Belvo
Access +90% of bank accounts in Latin America thanks to open banking. Best banking data aggregation coverage.
Backbone Systems
Mexico
D
11-50 Employees
2018
Key takeaway
Backbone Systems offers a comprehensive suite of products designed to support the development and deployment of various financial products, emphasizing their capability to streamline the process from concept to execution. Their focus on integrating client feedback and adapting to regulatory changes positions them as a valuable partner for creating innovative fintech solutions.
Reference
Core business
Home
SaaS Banking Core, AML, Fraud and Compliance Engine, Onboarding Orchestrator and User App Management.
Latam Open Finance
Texcoco de Mora, Mexico
D
11-50 Employees
2017
Key takeaway
Latam Open Finance is dedicated to promoting an open banking system as a means to enhance financial inclusion across Latin America. Their team of industry professionals is focused on advancing open data and banking practices for banks and insurance companies, emphasizing the importance of these capabilities in driving meaningful change in the financial landscape.
Reference
Core business
Acerca de Nosotros – Latam Open Finance
Latam Open Finance esta compuesto por un equipo de profesionales líderes de la industria y empresas interesadas en impulsar el open data/banking/insurance para bancos, empresas de seguros y ecosist…
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OCapital
Mexico
D
11-50 Employees
2015
Key takeaway
OCapital is a platform that enables large tech and financial companies to integrate personalized banking services into their applications, enhancing customer experience. It offers an open financial services platform that fosters collaboration between banks and fintechs, streamlining the development of new products and services.
Reference
Core business
My blog – Just another WordPress site
PMI Américas
Mexico
D
11-50 Employees
2018
Key takeaway
The company is a leading global payment services provider, offering secure and technical financial solutions that optimize payment and collection processes. They collaborate with local financial institutions to implement customized payment strategies, ensuring reliable and compliant local and cross-border transactions.
Reference
Product
PMI Business - PMI Americas - Payments Made Intelligent
Veradat
Mexico
D
1-10 Employees
2021
Key takeaway
Veradat is an intelligence-sharing platform that enables banks to collaborate and exchange information from private watchlists to combat financial crime. By facilitating secure access to key data, Veradat helps eliminate blind spots that criminals exploit, ensuring that once detected, they cannot easily move between banks.
Reference
Core business
Veradat | Fighting financial crime through collective intelligence
Payllix
Monterrey, Mexico
D
11-50 Employees
-
Key takeaway
Payllix is a comprehensive global FinTech platform that offers solutions to enhance business efficiency and profitability through real-time reconciliation and integration with various payment methods. Their platform includes a set of APIs that allow for seamless connectivity with payment service providers, making it adaptable to diverse business needs.
Reference
Core business
Payllix - by Cuallix
Grupo IBC
Guadalajara, Mexico
D
11-50 Employees
2004
Key takeaway
The company, IBC GROUP, specializes in developing financial intermediation entities like SOFIPOS and money transmitters, making it an ideal partner for entrepreneurs looking to enter the open banking sector. Their comprehensive and innovative model ensures compliance with current regulations, positioning businesses to thrive in the new era of finance.
Reference
Core business
Venta de SOFOM - Grupo IBC
Venta de una SOFOM, ENR que cumple con todos los requisitos regulatorios para su operación inmediata.
Métricas México
Mexico
D
11-50 Employees
2016
Key takeaway
The company offers a comprehensive platform for managing financial services, including credit products, card issuance, and deposit account management, all designed to enhance operational efficiency and reduce costs. Their technology solutions support the issuance of Mastercard® cards and streamline account management, making it easier for organizations to implement and control their financial operations.
Reference
Core business
Métricas - Tecnología para Servicios Financieros
Aprovecha nuestra plataforma tecnológica para habilitar servicios financieros. Opera productos de crédito, emite tarjetas o gestiona cuentas de depósito en semanas.
kiban
Mexico
D
11-50 Employees
2009
Key takeaway
The company, Kiban, offers a hub of APIs and fintech tools that cater to businesses of all sizes, enabling them to leverage financial technology for their processes, which aligns with the principles of Open Banking.
Reference
Core business
kiban I Herramientas fintech para todos
Desde pequeños negocios hasta grandes empresas, usa tecnología financiera para tus procesos. Empieza tu prueba gratis.
Technologies which have been searched by others and may be interesting for you:
A selection of suitable products and services provided by verified companies according to your search.
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Open Banking Account Aggregation
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Open Banking Payment
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Data Analytics on AIS
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A selection of suitable use cases for products or services provided by verified companies according to your search.
Use case
ERP & Accouting Integration
ERP, Accounting, SaaS
By using standardized and comprehensive financial data, companies can automate their processes, minimize errors and free up valuable human resources. The integration of this data enables faster and more informed decisions to be made and digitization to be driven forward. ************** SEPA Transfers & Direct Debits BANKSapi enables the efficient processing of individual and collective bank transfers and direct debits, including SEPA Instant. By automating these processes, our solution reduces manual intervention and thus significantly lowers the error rate. Companies benefit from a smooth integration that speeds up the processing of payments and simplifies settlement. This ensures reliable and efficient payment processing that minimizes administrative effort. ************** Open Item Comparison BANKSapi supports accounting providers with open item (OI) comparison by automatically reconciling open items with the corresponding incoming and outgoing payments. Automated account data retrieval and the unique identification of transactions ensure that all receivables are booked correctly. This minimizes errors, reduces manual effort and ensures a clear overview of unpaid invoices and financial liabilities. ...and many more use cases!
Use case
Financial Advisory Integration
Financial advisory, banks, insurance
Holistic transparency in real time across all finances. Combined with our smart data analytics solutions, this results in countless benefits for customers as well as for sales organizations and advisors. From improving the financial situation to new sales potential. Financial Home Dramatically increase the contact points with your brand and your services! A customer portal with Financial Home as an app or on the web bundles all financial services and self-services in one place. By integrating portfolios and mapping all other financial assets, you can consistently track your customers' wealth development – this creates relevance. Our solution is cost-effective, increases process efficiency and boosts your sales success. ********** Digital household book Keep an eye on current income and expenses, optimize spending behavior with budgets, view contracts for recurring expenses and get tips on optimizing finances. With a digital household book, for example in a finance manager app, you can bind your customers to you and strengthen your position as a partner in financial matters. ********** Liquidity management Forward-looking management of liquid assets and cash flow is an essential task for the commercial management of a company. Our analysis and forecasting tools help your business customers to keep an eye on the liquidity situation at all times and to optimize it. BANKSapi handles the account data retrieval automatically. ********** Digital insurance overview We can automatically read existing insurance contracts from account transactions and prepare an overview for your customers. This saves your end customers effort and gives you the opportunity to make targeted suggestions for re-insurance based on the available data or to provide more efficient advice based on this data. ********** Sales impulses BANKSapi converts mere account transactions into knowledge and sales potential. This means you can find out promptly about changes in life circumstances (e.g. job change, marriage or birth of a child) or other changes in the risk situation. You automatically receive a sales trigger. This way you remain a caring and attentive partner at your customers' side and increase your sales turnover. ...and many more!
Use case
A2A Payment Integration
payment, ecommerce, erp, online-shops
There are many payment providers. In addition to various solutions from BANKSapi for A2A payments and direct debits, intelligent analyses are the decisive factor for increasing sales and minimizing risk. Smart payment method for online shops Our Open Finance platform offers e-commerce providers powerful tools to optimize their processes. From secure and automated payment processing to in-depth data analysis such as purchase probability and credit rating - we offer everything you need to optimize your business processes and better understand your customers. Use our customized white label solutions and advanced analytics to strengthen customer loyalty, increase sales and gain valuable insights into purchasing behavior. Discover the future of eCommerce with BANKSapi. *********** Simple Checkout Payment Solution BANKSapi offers a user-friendly payment solution via bank transfer for e-commerce checkouts. With an intuitive wizard, similar to other well-known payment services, the payment process is simplified and offered in co-branded or white label. The solution offers the convenience of an e-commerce payment experience, integrates seamlessly into the checkout process and strengthens brand loyalty. *********** Bank Transfers & Direct Debits BANKSapi simplifies the processing of individual and collective bank transfers and direct debits, including SEPA Instant. Our solution automates payment processes, reduces errors and minimizes manual intervention. The standardized API interface ensures simple integration. *********** EBICS BANKSapi offers seamless integration of EBICS (Electronic Banking Internet Communication Standard) via a standardized JSON interface. Support for Distributed Electronic Signature (VEU) ensures efficient rights management without the need for Strong Customer Authentication (SCA) every 180 days. This solution optimizes payment transactions and simplifies the central management of payments, including chargebacks, refunds and partial refunds.
Use case
ERP & Accouting Integration
ERP, Accounting, SaaS
By using standardized and comprehensive financial data, companies can automate their processes, minimize errors and free up valuable human resources. The integration of this data enables faster and more informed decisions to be made and digitization to be driven forward. ************** SEPA Transfers & Direct Debits BANKSapi enables the efficient processing of individual and collective bank transfers and direct debits, including SEPA Instant. By automating these processes, our solution reduces manual intervention and thus significantly lowers the error rate. Companies benefit from a smooth integration that speeds up the processing of payments and simplifies settlement. This ensures reliable and efficient payment processing that minimizes administrative effort. ************** Open Item Comparison BANKSapi supports accounting providers with open item (OI) comparison by automatically reconciling open items with the corresponding incoming and outgoing payments. Automated account data retrieval and the unique identification of transactions ensure that all receivables are booked correctly. This minimizes errors, reduces manual effort and ensures a clear overview of unpaid invoices and financial liabilities. ...and many more use cases!
The Open Banking industry in Mexico is shaped by several critical factors that potential entrants should consider. Regulatory frameworks, primarily the Fintech Law enacted in 2018, govern the operational landscape, promoting transparency and competition while ensuring consumer protection. Companies must navigate compliance requirements, including data security and customer consent protocols, which are paramount in building trust. Challenges in the industry include integrating legacy banking systems with new technologies and addressing cybersecurity risks, which remain a significant concern. On the other hand, numerous opportunities exist, particularly in enhancing financial inclusion. Digital banking solutions can cater to unbanked populations, improving access to financial services. The competitive landscape features a mix of traditional banks and emerging fintech companies, both vying for market share. Collaboration between established financial institutions and startups is becoming increasingly common, fostering innovation. Additionally, the global relevance of Open Banking continues to grow, as international standards and practices influence local developments. Environmental considerations are also emerging, with companies encouraged to adopt sustainable practices in their operations. Overall, understanding these dynamics is crucial for anyone looking to engage with the Open Banking sector in Mexico, as it presents both significant opportunities and challenges within a rapidly evolving framework.
Some interesting numbers and facts about your company results for Open Banking
Country with most fitting companies | Mexico |
Amount of fitting manufacturers | 11 |
Amount of suitable service providers | 4 |
Average amount of employees | 11-50 |
Oldest suiting company | 2004 |
Youngest suiting company | 2021 |
Some interesting questions that has been asked about the results you have just received for Open Banking
What are related technologies to Open Banking?
Based on our calculations related technologies to Open Banking are Education, Engineering Services, IT & Technology Services, Healthcare Services, Consulting
Who are Start-Ups in the field of Open Banking?
Start-Ups who are working in Open Banking are Veradat
Which industries are mostly working on Open Banking?
The most represented industries which are working in Open Banking are Finance and Insurance, IT, Software and Services, Other, Consulting, Judiciary
How does ensun find these Open Banking Companies?
ensun uses an advanced search and ranking system capable of sifting through millions of companies and hundreds of millions of products and services to identify suitable matches. This is achieved by leveraging cutting-edge technologies, including Artificial Intelligence.