Leaders Prepare for Open Finance Event: The Week in Finance

Open Finance 2050 will gather industry leaders to prepare the sector for technology-led shifts, while experts like Fernando Eraña aim to help clients navigate them. Meanwhile, Banxico has revised its inflation forecast to 4% from 3%, but representatives from GBM remain optimistic despite the uncertainty.

Discover more this Week in Finance!

Open Finance 2050 to Unite Industry Leaders

Open Finance 2050, Mexico's premier fintech event, will convene industry leaders from across the globe to discuss the future of finance, with a focus on Artificial Intelligence and technological advancements. The event will feature panels, masterclasses, and keynotes with participation from major financial players such as Alibaba, Amazon, BBVA, and MasterCard, as well as renowned Venture Capitals and industry experts.

Balanced Regulation, Accountability to Foster Innovation

In an interview with MBN, Fernando Eraña, Parter, Pérez Correa, talks about the firm’s banking experience and legal expertise to guide clients through Mexico's evolving financial landscape, offering practical knowledge and facilitating connections with investors and partners. By tapping into its network and providing comprehensive legal advice, the firm assists clients in accessing credit, navigating regulatory challenges, and seizing growth opportunities in the financial market. 

Banxico Expects Inflation to Reach 3% Target by 4Q25

Mexico's Central Bank revised its inflation forecast, now expecting it to reach the 3% target by 4Q25 instead of 2Q25, citing prolonged inflationary shocks. General inflation is now forecasted to end 2024 at 4%, up from the previous estimate of 3.6%, prompting Banxico to maintain its benchmark interest rate at 11% to mitigate ongoing inflationary pressures. 

Mexican Economists Optimistic Amid Electoral Uncertainty

Mexico's economic landscape, marked by robust growth in 2023, faces potential shifts amid upcoming elections, with experts analyzing opportunities and risks at a GBM event. While the unexpected economic resilience in 2023 was attributed to rising minimum wages and significant investment, the 2024 elections pose challenges and opportunities, with increased public spending stimulating economic activity.  

Shein Pushes to Launch IPO in London FTSE 100 in 2024

Shein is planning a £53 billion IPO on the London Stock Exchange, aiming to resolve regulatory challenges faced in China and the US. The move, orchestrated by major financial institutions, comes after Shein reported significant profits and sales, injecting vitality into London's financial landscape.