Name
Global FinTech Guide
Country _ Name
Mexico
SectionTitle
RegTech and compliance management
Body
RegTech is composed of the words “regulatory” and “technology”. It is a collective term for the application of modern technologies, to get the increasing regulation in the banking- and financial sector under control both from an IT and a legal standpoint.

Introduction

Attitude of the country towards RegTech-services

Banking and financial institutions in Mexico operate in a highly regulated environment, particularly in areas such as compliance, transparency, and risk management. As regulatory expectations continue to evolve—especially in sectors like FinTech, AML, and digital payments—institutions are increasingly seeking technological tools and strategic partnerships to ensure compliance. This ongoing demand fosters a favourable environment for regulatory technology (RegTech) solutions and innovation.


Legal affairs

Obligations and requirements to provide RegTech-services

Currently the governing bodies do not specifically regulate RegTech companies or RegTech service providers which means that so far, the sector in Mexico is operating under the 'standard' company regulations such as complying with applicable norms such as data protection policies, consumer protection, capitalisation minimums, formal incorporation etc.
Notwithstanding the foregoing, when regulated financial institutions seek to outsource certain types of services (e.g., technological services related to account management, fraud prevention systems, data hosting, regulatory reporting, risk modelling, etc.), prior approval or notice to financial regulators may be required. Financial institutions must also ensure that outsourcing agreements comply with specific regulatory requirements regarding confidentiality, access to information by supervisors, and business continuity.

Additional comments regarding the legal situation for RegTech-services or what RegTech’s must be aware of in this business area

As the RegTech sector continues to expand, the future of regulation is sure to be stricter with the defence of the end customer always in mind and stricter data policies sure to come into effect. The regulator is constantly looking to create further inclusion in the financial sector, so RegTech companies are a 'shoo-in' within the Mexican regulatory client.


Economic conditions

Market size for RegTech-services and biggest companies in this business area

The RegTech sector in Mexico is experiencing accelerated growth, fuelled by increasing regulatory complexity and demand for compliance automation across financial services. As of early 2025, over 30 specialised RegTech firms operate in the country, with leading examples including Bayonet, Trully, and Trebu, several of which have secured venture funding and established partnerships with banks and FinTechs (Yahoo Finance, 2024
). According to IMARC Group, the local market was valued at approximately USD 237 million in 2024 and is expected to grow at an annual rate of 18% over the next decade, potentially exceeding USD 1 billion by 2033 (IMARC Group, 2024). This growth is further supported by institutional demand for tools that automate regulatory compliance, strengthen KYC processes, and improve transaction monitoring. With the recent tightening of AML obligations and the expansion of financial regulation to cover virtual assets and fintech intermediaries, RegTech is positioned as a critical enabler of sustainable growth and risk management across Mexico’s digital finance ecosystem.

Additional comments regarding the economic situation for RegTech-services or what RegTech’s must be aware of in this business area

Regarding the current economic situation, the volatility of current political financial policies could lead to rapid restriction of the sector.



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