BanCoppel’s Director, Carlos López-Moctezuma, Highlights Collaboration with Fintech Companies
In the rapidly evolving financial technology landscape, competition with fintech companies is often perceived as the primary dynamic. However, Carlos López-Moctezuma, the Director General of BanCoppel, emphasizes that cooperation with fintech firms is equally important and beneficial.
BanCoppel’s Investments in Fintech Companies
López-Moctezuma explains, “We have invested in some fintech companies and formed alliances with others to offer joint financial services that add value for our customers.” An example of this collaboration is the recently launched home credit, which heavily integrates with third-party fintech providers.
Competition Drives Innovation and Improvement
With the entry of new digital players, not only in finance but now also in banking, López-Moctezuma views competition as a positive force that benefits everyone. He states, “New companies enter offering innovative products and excellent customer experiences, which generates competition.” This competition, he believes, is advantageous for the banking sector as well, as it compels all players to enhance their digital offerings.
Fintech Conversion to Banks: A Level Playing Field
López-Moctezuma welcomes the trend of fintech companies transitioning into banks, provided that a level playing field is maintained for all participants. He asserts, “It’s great that these financial technology firms are becoming banks because it keeps the rules of the game consistent for everyone.”
BanCoppel’s Digital Presence and Customer Base
BanCoppel has not lagged behind in adapting to the new technological environment. As of March 2025, out of its 12 million customers, 9.7 million were active digital users. These customers conduct an average of 25 million electronic transactions monthly through the Sistema de Pagos Electrónicos Interbancarios (SPEI).
- Sucursales en Tienda: BanCoppel operates 1,338 store branches and 22 standalone branches.
- Assets: The bank held nearly 170,000 million pesos in assets by the end of 2024.
- Credit Portfolio: BanCoppel’s credit portfolio stood at 67,500 million pesos, with over half allocated to businesses and the remainder for consumer credit.
- Deposit Capture: The bank captured 145,300 million pesos in deposits.
Economic Slowdown and Future Expectations
In anticipation of a potential economic slowdown in 2025, primarily driven by external factors, López-Moctezuma expects a possible decrease in credit generation. However, he remains optimistic about income levels, stating that interest rates will likely remain high, bolstering financial income.
