Financial Services ERP for Mexico

Mexico fintech sector is regulated under the Ley para Regular las Instituciones de Tecnologia Financiera (Fintech Law), which created licensing categories for electronic payment fund institutions (IFPEs) and crowdfunding institutions (ITFCs). The law established a regulatory sandbox framework and set requirements for anti-money laundering, capital adequacy, and consumer protection specific to fintech operations. CNBV issues secondary regulations that provide detailed compliance requirements.

Anti-money laundering compliance follows the Ley Federal para la Prevencion e Identificacion de Operaciones con Recursos de Procedencia Ilicita and CNBV-specific AML regulations for financial institutions. Financial institutions must implement KYC procedures, transaction monitoring, and file reports to the UIF (Unidad de Inteligencia Financiera). The reportes de operaciones inusuales (unusual transaction reports) and reportes de operaciones relevantes (relevant transaction reports for cash above specified thresholds) must be filed through the electronic system.

Yukti provides Mexican financial services firms with CNBV regulatory reporting in the prescribed formats, including the R04, R08, and other regulatory series reports. The AML module implements CNBV KYC requirements with client identification, beneficiary owner determination, risk classification, and automated reporting of operaciones inusuales and relevantes to the UIF. The fintech module supports Fintech Law licensing compliance for IFPEs and ITFCs with capital adequacy monitoring and consumer protection requirements. CFDI invoicing handles the specific tax treatment for financial services including exempt transactions, IVA at 16% on fees and commissions, and ISR withholding on interest payments. AFORE administration modules support CONSAR reporting requirements. Financial reporting follows CNBV-prescribed accounting criteria, which differ from NIF general accounting standards.