Tariffs Hit Peso, Canadian Dollar: The Week in Finance

This week in finance news: Experts discuss how data and innovation are transforming the sector. Meanwhile, the Mexican peso and Canadian dollar weakened as Trump’s tariffs take effect. The CNBV has called for increased regulation of fintech companies.

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Financial Fraud Is Evolving. Is Your Company Prepared?

“Financial companies faithful to their mission of lending money are waiting with open arms for opportunities to place capital, and fraudsters are more than eager to deceive them by pretending to be something or someone they are not,” writes Juan Carlos González, Co-Founder, xpAzul. 

US Tariffs Push Peso, Canadian Dollar to One-Month Lows

The Mexican peso and Canadian dollar sank to one-month lows on Tuesday following the United States' announcement of new tariffs on both countries, though a softer US dollar helped limit the overall market impact.

Mexico’s Fintech Boom Faces Regulatory Needs, Says CNBV

Fintech companies are playing a pivotal role in reshaping Mexico’s financial sector, with regulations needing to adapt to ensure customer protection and expand inclusion for the more than half of Mexican adults still excluded from financial services, says CNBV. 

Mexico Eyes Health Insurance Cap; Experts Cite Stability Concerns

Industry representatives warn that a proposed cap on increases to private health insurance premiums in Mexico could jeopardize insurers’ financial stability. The initiative aims to limit annual premium increases to the rate of inflation plus five percentage points.

The Transformation of Tax Data Access a Business Game Changer

“The way we access tax data in Mexico is undergoing a significant transformation, and it's about time. The Tax Administration Service (SAT) has introduced new mechanisms that allow businesses, financial institutions, and compliance teams to verify crucial tax information without requiring login credentials,” shares Erez Saf, CEO and Founder, CRiskCo/Pymes Capital.