Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
Tips and traps
What are your top tips for fintech players seeking to enter your jurisdiction and what potential sticking points would you highlight?

Answer ... The process for obtaining authorisation may take some time and requires a high level of detail in terms of the documentation that must be submitted to the National Banking and Securities Commission. This includes, among other things, information on the following:

  • operation model;
  • business plan;
  • shareholders;
  • capital and corporate structure;
  • board of directors;
  • financial viability; and
  • compliance policies.

To navigate the authorisation process, sound legal and financial advice and an experienced in-house team are crucial.

Fintech companies must also appreciate that this is not a one-step process, but will rather require ongoing contact and communication with the financial authorities through the proper channels.

For more information about this answer please contact: René Arce Lozano from Hogan Lovells, Mexico