Grupo Financiero Banorte - Enterprise Tech Ecosystem Series

Grupo Financiero Banorte - Enterprise Tech Ecosystem Series

Summary

Grupo Financiero Banorte is a financial services group that offers a range of banking and related financial solutions. It provides retail and commercial banking, brokerage, retirement and insurance solutions, asset management, and other solutions. Its product portfolio includes saving, checking, and payroll accounts; debit and credit cards; mortgages; personal and auto credit; term investment funds; short- and long-term credit; and investment products. Banorte offers insurance coverage for risks including life, home, car, integral protection, personal accident, and business damage. It also offers treasury, leasing, factoring, foreign exchange, asset management, foreign trade, payroll, remittance, estate planning, collection, trust, financing, international banking, internet banking, and mobile banking services.

This report provides insight into Banorte's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and its estimated ICT budget.

Scope

• Banorte adopted a new service model as part of its open banking strategy to offer better banking experiences.
• Banorte is strengthening its security by using AI and machine learning tools to monitor fraudulent activities across ecommerce businesses and combat money laundering.
• Banorte has joined blockchain consortiums to explore the potential use of blockchain technology to offer innovative services to customers.
• Banorte launched an AI-powered chatbot programmed to address client queries and support the bank’s call center operations.

• Gain insight into Banorte's fintech operations.
• Discover its fintech strategies and innovation initiatives.
• Learn about its product launches, partnerships, and investments.