As the banking sector continues to grow, BanCoppel’s director, Carlos Lopez-Moctezuma, predicts a positive outlook for the next six years. The growth is driven by increasing consumption levels and demand for financial products and services from both formal and informal workers. However, Lopez-Moctezuma also highlights the concerning rise in customer fraud and cyber attacks, leading to increased investments in this area.
Looking ahead to 2030, Lopez-Moctezuma sees a positive outlook for the country, the economy, and the banking business. Strong consumption levels have led to healthy credit origination, improved models, and better delinquency rates. Despite political transitions, the business sectors seem prepared, and there are no major concerns looming.
BanCoppel serves the Mexican mass market, catering to between 20 and 25 million clients, most of whom are from popular segments. Consumption dynamics are attributed to increases in minimum wage and industry productivity, supporting economic vitality. The banking sector is expected to continue growing until 2030, outpacing the overall economy.
However, financial crimes such as fraud and cyber attacks pose a significant challenge. Lopez-Moctezuma emphasizes the need for joint efforts from banks, authorities, and technological tools to combat these threats effectively. He clarifies that BanCoppel’s collection efforts are conducted by home financial advisors who provide advice and offer products instead of using aggressive tactics.
In conclusion, as the banking sector continues to expand and evolve
