Belvo accelerates Banco Azteca digital origination beyond 6m verifications

Source: Belvo

Belvo, Latin America’s leading Open Finance data and payments platform, and Banco Azteca, a benchmark for financial inclusion in Mexico, announced a major milestone in their strategic collaboration: surpassing six million customer income verifications, a figure that continues to grow month over month. This alliance is transforming credit origination in the country, enabling millions of people to access financial products more fairly, quickly, and securely.

Access to credit remains a major challenge in Mexico, where sector data indicates that only 37% of the adult population had formal credit offers. Traditional credit-assessment models often fail to capture the full financial reality of many Mexicans, creating significant barriers to their economic progress.

To address this, Banco Azteca has integrated Belvo’s cutting-edge technology into its robust digital origination process. The integration enables the use of reliable alternative data sources to conduct stronger, more accurate, and more tailored credit assessments – opening the door to financial opportunities that were previously out of reach.

“At Banco Azteca, we see innovation as the engine of inclusive prosperity. Through our alliance with Belvo, we are transforming how millions of Mexicans access loans with more agile, secure, and personalized digital solutions,” said Manuel Antonio Valera, director of omnichannel transformation & innovation (lending, retail, and collections) at Banco Azteca.

The impact of this technological innovation is amplified by Banco Azteca’s scale and deep market knowledge. The institution has established itself as a pillar of financial inclusion in Mexico, focused from the outset on banking and digitizing the population. With more than 23 million digital customers and a network of 1,900+ branches reaching 800+ municipalities, Banco Azteca brings this innovation to every corner of the country.

“We’re excited to collaborate with Banco Azteca, an institution that shares our vision of transforming financial services through technology,” said Federica Gregorini, general manager of Belvo in Mexico.

“Together, we’re paving the way for more Mexicans to access quality financial services – proving that innovation and inclusion can, and should, go hand-in-hand.”

This collaboration not only optimizes access to credit; it also reaffirms both companies’ commitment to the future of finance in Mexico: a more open, secure, and inclusive ecosystem powered by technology.

Further reading: Belvo and Ualá partner to offer credit to Mexicans through employment data