Mexico’s Banking Sector Explores New Institutional Finance Opportunities

Citi Mexico is expanding its relationships with other financial institutions following its separation from Banamex, including opportunities to support banking clients with institutional financial services. The strategy also includes expanding commercial banking and serving medium-sized businesses. Banks and financial service providers require improved transaction monitoring, financial forecasting and risk-management systems. The expansion of institutional banking relationships creates potential demand for analytics and financial technology, although no specific new contract value was disclosed in the report.