Carlos López-Moctezuma, the general director of BanCoppel, predicts that the banking sector will experience six more years of growth until 2030 as consumption levels rise and demand for financial products and services increase. Despite this positive outlook, he expresses concern about the increase in customer fraud and cyber attacks on institutions, which has prompted accelerated investments in this area.
Looking towards 2024, López-Moctezuma sees a positive outlook for the country, economy, and business. Consumption remains strong, leading to healthy credit origination. The institution has refined its models to improve delinquency rates and credit harvests. Despite being a year of political transition, López-Moctezuma is confident that it won’t pose any major issues.
BanCoppel serves the Mexican mass market, catering to 20-25 million clients, largely from popular segments with informal incomes. The dynamism of consumption is attributed to increases in the minimum wage and productivity in certain industries, contributing to economic vitality and mobility among consumers.
The evolution of the banking sector is expected to continue growing until 2030, with BanCoppel expanding faster than the economy. However, López-Moctezuma highlights the importance of addressing financial crimes, fraud, and cyberattacks through collaboration between banks, authorities
