Overview of the Partnership
The Financial Technology Association (FTA) in the United States and its Mexican counterpart, Fintech Mexico, have signed a collaboration agreement to foster innovation, inclusion, and sustainable growth within the financial ecosystems of both countries.
The partnership aims to establish a shared vision for building a more collaborative, integrated, and innovative financial system. Both organizations emphasized this during the signing ceremony.
Key Figures and Their Roles
Claudia Núñez Sañudo, General Director of Fintech Mexico, highlighted the organizations’ commitment to collaboration whenever opportunities arise for promoting openness and cooperation.
Penny Lee, President of FTA, expressed that this collaboration reflects a common agenda between the two nations, which will become more active as digital financial services expand.
Objectives and Benefits of the Alliance
The alliance will facilitate knowledge exchange, bring together key industry players, and encourage dialogue on the role of fintech in building resilient and inclusive financial ecosystems.
FTA, headquartered in Washington, D.C., brings together regulators, lawmakers, consumer advocates, and industry leaders to promote a more modern, inclusive, and competitive financial ecosystem.
Fintech Mexico represents various financial institutions operating with a technological base, both regulated and unregulated.
Fintech Mexico’s President, Felipe Vallejo, acknowledged the global transformation of finance and emphasized that this agreement reflects such a shift, as finance has become a borderless activity.
Fintech Landscape in the United States
The U.S. fintech sector demonstrates high levels of satisfaction and trust, according to the FTA State of Fintech survey conducted in collaboration with Morning Consult.
- Consumer Satisfaction: 96% of consumers are satisfied with their fintech services, and 79% believe these tools better meet their financial needs while providing greater control.
- SME Satisfaction: 98% of small and medium-sized enterprises (SMEs) are satisfied with fintech services, with 95% stating that these tools better address their financial requirements and offer increased control.
Digital payments lead the way, with 88% of consumers and 93% of businesses using them. Mobile banking and digital lending follow closely behind.
- 94% of SMEs report improved efficiency, and 70% have experienced time and cost savings.
Trust levels are also high, with 85% of consumers and 90% of SMEs trusting fintech, driven by transparency. The survey also noted that 94% of small businesses are likely to recommend fintech tools to other companies in their sector.
These findings indicate a mature and expanding fintech ecosystem in the United States, characterized by security, transparency, intuitive design, and real-time visibility.
