Financial Institutions and Data Protection

At BDO we have extensive consulting experience regarding the evaluation and compliance with the Security rules and regulations of the National Baking and Stock Commission (CNBV in Spanish), Bank of Mexico (BANXICO in Spanish), and the General Provisions Applicable to Credit Institutions.

• Interbank Electronic Payment System (SPEI)
• Interbank Payment System in Dollars (SPID)
• Transfer Database (BDT) of Banco de México 
• Digital Code (CoDi)

¿Are you FinTech?

¿Are you ready to become a Financial Technology Institution?

Remember that you must comply with the requirements established by the Law to regulate Financial Technology Institutions (FinTech) and its GENERAL PROVISIONS that will govern these institutions as of September 2019.

At BDO we support you in the development of the documentation, implementation and audit of the processes established by the Law to Regulate Financial Technology Institutions:

• Informatic security.
• Business continuity.
• Internal control.
• Prevention of money laundering and financing of terrorism.
• Comprehensive risk management.
• Operation.
• Business plans, projections and financial models.
• IFRS (NIIF) and NIF accounting advice.
• Data Protection.

The General Data Protection Regulation (GDPR) (Regulation 2016/679) is a regulation by which the European Parliament, the Council of the European Union and the European Commission aim to strengthen and unify the data protection of all people within the European Union (EU).

¿Are you already prepared for information management?

We support you in compliance and audit by carrying out these 4 steps:

• Discover.
• Secure and Govern.
• Monitor and Manage.
• Compliance.

The sanctions are high for those companies that suffer a violation, reaching up to 4% of global revenues.