The government of President López Obrador received criticism for the lack of rigor in the management of public finances at the end of his term. The Bank of Mexico has been lowering interest rates, but the external environment poses unprecedented challenges. The flow of remittances to Mexico increased last year, with a significant portion passing through the Banco Azteca and Elektra network. The impact of these changes on the remittance sending dynamics is being discussed.
Banco Azteca has evolved towards a digital model, leaving traditional banking behind. The importance of cybersecurity and the necessary investments to protect the institution and customers is highlighted. The chairman of the board emphasizes the bank's role in financial inclusion in Mexico and mentions the importance of continuing to innovate to adapt to the changing needs of users.
The future of banking is being discussed, with the rise of fintechs and the need to adapt to an increasingly digital environment. The importance of diversifying Mexico's trade relationships and reducing dependence on the U.S. market is raised. Challenges such as the fight against organized crime and the constant threat of cyberattacks are also mentioned.
In the context of the banking convention, Alejandro Valenzuela, president of Banco Azteca, reflects on the current challenges of the financial sector. Topics such as regulation, cybersecurity, and the need to continue innovating to provide better service to clients are addressed. Despite the challenges, the solidity of Mexican banking and the importance of staying at the forefront in a competitive and changing environment is highlighted.
