Banxico’s Personalized Credit Platform Gains momentum

The Bank of Mexico (Banxico) is making meaningful strides with it’s project to offer personalized credits. Reportedly, five of the nation’s leading banks are actively preparing to integrate with the central bank’s new platform. Following successful connectivity tests, pilot programs are slated to begin. Victoria Rodríguez Ceja, the central governor, is reportedly encouraging more institutions to participate, believing that broader adoption will led to more favorable credit terms for consumers. This initiative is expected to be a key topic at the upcoming banking convention in May.

Credit Card Issuance: A Shift Towards Caution?

Amidst the proliferation of credit cards, particularly from digital players, some members of the association of Banks of Mexico (ABM), under the guidance of Julio carranza, are reportedly adopting a more cautious approach. While delinquency rates remain manageable for now, these institutions are returning to an invitation-only model for credit card approvals. This move is intended as a preventive measure against potential defaults from customers with poor credit histories or high-risk profiles. Though, smaller banks are still focused on expanding thier customer base. The industry’s delinquency trends will be closely monitored, especially given the current environment of reduced job creation.

Aeromexico and UNODC Unite Against Human Trafficking

Aeromexico, under the leadership of Andrés Conesa, is collaborating with the Memoria and Tolerance Museum and the United Nations Office against Drugs and Crime (UNODC) to strengthen awareness campaigns aimed at airline passengers regarding human trafficking. The recent unveiling of the “Destination Exposure: Libertad: The route of human trafficking” exhibit underscores these joint efforts to combat this crime.Cancun, a major entry point into the country, is a focal point for this campaign, particularly as Quintana Roo recorded 175 cases of trafficking in 2024, giving it the highest rate per 100,000 women in mexico, followed by Zacatecas and Chihuahua. The initiative aims to raise awareness and contribute to the fight against human trafficking.

Human trafficking is a heinous crime that affects millions of people worldwide. By raising awareness and working together, we can definitely help to prevent it.

UNODC Spokesperson