Nuevo Vallarta, Nayarit.- Jesús de la Fuente Rodríguez, president of the National Banking and Securities Commission (CNBV), reported that seven popular financial companies and stock market houses submitted requests to become banks.
“In authorization issues we are in the process of analysis of the application for the operation of seven multiple banks, which were presented during last year and this year,” he said at the 88 Banking Convention.
“These requests are characterized because they are entities that are within the financial sector that now want to ascend to provide banking activity,” he said.
He recalled that organizations interested in being banks are financial intermediaries, such as Bolsa and Popular Financial Societies (Sofipos).
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He said that they are currently operating more than 52 multiple banks in the Mexican market and that in the last year three new 100% digital banks have been authorized.
“With Revolut, Plata and Nubs we already have seven financial institutions, which are 100% authorized digital banks,” he said.
He added that the approval of these digital banks still requires the authorization of the Governing Board “and a supervision comes to verify that they can already operate perfectly well.”
The measures taken for the authorizations are few, since “they are risking in the activity the resources of the users who trust the bank depositing their money, which is used for credits and loans.”
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“Banks use resources and risk them, as well as only 10 percent are their assets. That is why authority has to be very careful in inspection, surveillance and regulation,” he added.
The CNBV proposed regulatory improvement projects, especially simplification, as well as special accounting criteria and records for banking entities.
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