BBVA analyses urbanites for big data dynamite


BBVA has launched Urban Discovery, an interactive tool open to everyone that analyses the cities of Madrid, Barcelona and Mexico City through the prism of their commercial activity. The bank says the analysis led to the creation of new maps that redraw urban borders and identify the most touristic and residential areas or those where […]

Mexico-based MIT taps Featurespace for payments fraud prevention

Fraud will not pass

Machine learning continues to take centre stage in fraud prevention for the payments industry. Mexico-based payments processor Mercadotecnia Ideas y Tecnologia (Marketing, Ideas and Technology – MIT) has partnered with UK-based Featurespace to help its 17,000 merchants prevent payments fraud.

Banco de Mexico revamps risk management tech with Finastra’s Fusionrisk


Banco de Mexico, the country’s central bank, is replacing its legacy risk management software with Finastra’s Fusionrisk.

BBVA buys Mexican payments start-up Openpay


BBVA Bancomer, a fully owned subsidiary of BBVA, has acquired Mexico-based payments start-up Openpay to tap into its network of more than 15,000 payment reception points across the country. Openpay offers a platform for physical and electronic payments for businesses via its real-time Paynet network. According to BBVA, the start-up manages more than one million […]

CIBanco deploys Swift’s compliance services suite

Fighting financial crime with Swift's tools

Mexico-based CIBanco has signed for a compliance services suite from Swift, which comprises compliance analytics and sanctions screening tools and KYC Registry.

Uber rides into Mexico debit card arena


Uber has teamed up with MasterCard and Mexico’s first online bank, Bankaool, to launch its own debit card. The latest deal is Uber’s ride deeper into the fintech space. It recently partnered with Standard Chartered to offer the bank’s credit cardholders cashbacks on Uber rides. The UberCard in Mexico is linked to a Bankaool bank […]

Mystery as Mexican Bitcoin exchange goes offline


Mexico’s third-largest Bitcoin exchange, MeXBT, has gone offline without any prior warning – leaving its users confused. The firm’s website has gone and now just says “the page you are looking for cannot be found”. Its Twitter account is slightly more helpful and says (in Spanish) the platform has been suspended temporarily and it needs […]

FacePhi lands in Mexico with Selphi


Spanish biometrics firm FacePhi has signed a new contract with Mexico’s Banco Inbursa to implement its face recognition technology on mobile banking apps and web platforms. This is the company’s ninth contract in total. FacePhi says Banco Inbursa becomes the first financial institution in Mexico offering facial recognition authentication to its clients, “just by taking […]