Although the bank has said satisfied with what the ecosistema fintech has brought to the country and the problems it has solved, he spoke out so that there is an even floor in terms of regulation, especially in making transparent its costs such as Costo Anual Total (CAT).
Daniel Becker, President of the Association of Mexican Banks (ABM)He explained that such measures would benefit users.
“We are extremely satisfied with what the fintech world has brought to our country; the world fintech it has solved problems that the bank has not been able to ”, he said.
He added that “if there is something we have worked with the regulators, it is transparency (…) of user costs. What we want is that the fintech world, which we appreciate that it is, has the same elements, requirements and a level floor ”.
In this sense, he stressed that what is being sought is for financial technology companies to make their costs transparent “and not for us, we want the fintech world transparent its costs to the user “.
We are not worried about the competition
Julio Carranza, vice president of the ABMHe specified that competition is not what the banks are concerned about, as they are used to it. “What worries us is that we do not have a level floor.”
In this sense, he commented that for some months, the ABM It is working on a document that will be presented to the authorities, in which the points for improvement and opportunities are mentioned.
“Shortly we will be presenting to the authorities (…) what are the points of improvement and opportunities that the bank sees in this direct competition that we have with the fintech“, said.
“Put the points on the table very clearly and ask that the floor is even; that we continue to compete as always and that the market continues to grow in an orderly manner,” he added.
eduardo.juarez@eleconomista.mx
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