New IDC research shows how regulatory modernization can transform Mexico's financial services sector
The financial services sector plays a vital role in economic growth by enabling capital flow and investment across public and private sectors. As Mexican financial institutions seek to innovate and better serve both consumer and business customers, cloud computing has become essential - yet regulatory clarity and streamlined compliance processes are needed to fully realize its benefits.
This comprehensive IDC report examines:
- Current regulatory landscape and opportunities for modernization to accelerate cloud adoption
- How simplified regulatory frameworks can drive innovation while maintaining security and operational resilience
- International best practices and success stories in regulatory modernization
- Impact of modern regulations on financial inclusion, digital payments, and Mexico's economic competitiveness
- Recommendations for regulators and financial institutions to create an agile, secure regulatory environment
Key findings show that modernizing regulations could help drive:
- Increased financial inclusion - only 36.9% of Mexico's population was banked in 2021
- Growth of digital payment systems like CoDi
- Enhanced competitiveness of Mexican financial institutions
- Faster adoption of technologies like AI and cloud computing
- Greater innovation in financial products and services
Download the report to learn how regulatory modernization can transform Mexico's financial sector while maintaining security and stability.
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IDC Market Perspective
IDC Market Perspective | Modernization of the Regulatory Environment in the Financial Sector and the Acceleration of Digital Organizations in Mexico, August 2024, IDC #LA51804324. IDC and IDC Research are registered trademarks of IDC, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. IDC does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. IDC research publications consist of the opinions of IDC's research organization and should not be construed as statements of fact. IDC disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.