Capital One Launches Tech Hub in Mexico City: Finance Week

Capital One is opening a new tech hub in Mexico City to tap into the country's talent and ecosystem. Meanwhile, Banorte’s digital bank, Bineo, aims to boost digital service adoption through personalized features and an accessible app. Additionally, Revolut Mexico’s CEO shares with MBN the 12 steps to achieve wealth and happiness.

Check out the week in finance!

New Mexico City Tech Hub to Develop Talent, Products: Capital One

Capital One's new technology hub in Mexico City aims to develop advanced technology products, leveraging the region's competitive talent and mature tech ecosystem to serve its 100 million U.S. customers. The hub's priorities include utilizing AI and machine learning to optimize operations, enhance fraud detection, and improve customer experiences, while promoting local workforce development and economic growth.

Customer-Centric Approach Drives Rapid Growth, Innovation: bineo

bineo, Mexico’s first fully licensed digital bank, is experiencing steady growth, offering secure and personalized financial services through its app. The company emphasizes customer feedback to develop tailored products, such as savings features with interest and upcoming credit tools, ensuring user satisfaction and retention. 

12 Steps to Wealth and Happiness

Juan Guerra, CEO, Revolut Mexico writes about the importance of creating assets that generate income to cover expenses. It offers practical advice such as balancing a passion-driven career with financial stability, staying disciplined with savings, and diversifying investments. Additionally, it touches on life lessons like maintaining relationships, investing in experiences, and preparing for the long-term impact of wealth on both oneself and future generations.

BBVA Mexico Opens a Nearshoring Unit in Houston

BBVA Mexico is enhancing its efforts to attract foreign investment by establishing a Houston-based team of experts in Commercial and Public Sector Banking, aiming to bring approximately 65 companies to Mexico within the first year. This initiative leverages Texas’s strong industrial sectors and high trade volume with Mexico, which surpassed US$142.7 billion in 2023.

Moody’s Warns Judicial Reform Could Damage Mexico’s Credit

Moody’s has warned that Mexico's judicial reform could undermine the country's sovereign credit quality by creating prolonged confidence shocks, financial volatility, and uncertainty, which would increase debt costs and threaten public finances. The reform may weaken institutional checks and balances, impacting economic and fiscal stability, and heightening investor concerns over legal uncertainty and biased judicial processes.