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Top Open Banking Companies in Mexico

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37 companies for Open Banking in Mexico

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Belvo's Logo

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's Logo

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's Logo

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's Logo

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's Logo

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's Logo

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's Logo

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's Logo

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's Logo

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's Logo

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.


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Products and services for Open Banking

A selection of suitable products and services provided by verified companies according to your search.

Product: Open Banking Account Aggregation

Service

Open Banking Account Aggregation

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Product: Open Banking Payment

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Open Banking Payment

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Product: Data Analytics on AIS

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Data Analytics on AIS

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Use cases around Open Banking

A selection of suitable use cases for products or services provided by verified companies according to your search.

UseCase: ERP & Accouting Integration

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!

UseCase: Financial Advisory Integration

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!

UseCase: A2A Payment Integration

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.

UseCase: ERP & Accouting Integration

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!

Information about Open Banking in Mexico

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.


Insights about the Open Banking results above

Some interesting numbers and facts about your company results for Open Banking

Country with most fitting companiesMexico
Amount of fitting manufacturers11
Amount of suitable service providers4
Average amount of employees11-50
Oldest suiting company2004
Youngest suiting company2021

Frequently asked questions (FAQ) about Open Banking Companies

Some interesting questions that has been asked about the results you have just received for Open Banking

Based on our calculations related technologies to Open Banking are Education, Engineering Services, IT & Technology Services, Healthcare Services, Consulting

Start-Ups who are working in Open Banking are Veradat

The most represented industries which are working in Open Banking are Finance and Insurance, IT, Software and Services, Other, Consulting, Judiciary

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Open Banking results by various countries

Related categories of Open Banking