Mexico will have the first Digital Identity Association (IDMX) to combat the problem of identity theft in the country.

The Association will be the vehicle for promoting projects and initiatives related to digital identity and generating a culture of participation among institutions, government, and civil society. Creating a legal framework conducive to the use of digital identity and combating identity theft are some of the association’s short-term goals. Mexico City, May 21, 2019. Today,…

FIMPE and Crediclub achieve interconnection to validate their users’ voting credential data.

Mexico City, September 2018, FIMPE announced the launch of the interconnection service between the Sociedad Financiera Popular (SOFIPO) “Crediclub” and the National Electoral Institute (INE) to validate the voting credential data of its financial users and prevent identity theft or fraud. This was announced by Gueorgui Nikolov, General Director of FIMPE, when mentioning that Crediclub…

FIMPE warns of the possibility of fraud and identity theft arising from the Covid-19 health crisis.

FIMPE guarantees the continuity of its identity generation and verification services during the health emergency. Analysts warn that frauds like the one exposed by Banco del Bienestar will become increasingly common. Our goal is to strengthen the use of biometric technology for companies that require authentication of the identity of their clients, users, or beneficiaries…

Facial recognition: Is it safe for financial firms?

In a constantly evolving technological world, financial companies are seeking effective security solutions. One of these is facial recognition, a technology that analyzes unique facial features using AI-trained algorithms. In Mexico, the biometric industry experienced an average annual growth of 23% between 2016 and 2022. However, the crucial question arises: is facial recognition secure for…

Is it legal to sign a digital document?

Electronic signatures are a tool that many companies, especially those in the financial sector, use to carry out secure and legally valid online processes. Signing physical documents seems to have become a thing of the past. The adoption of electronic and digital signatures has gained ground in various industries, especially among financial institutions seeking to…

The role of Biometrics in Fintech

In the dynamic world of Fintech, biometrics has emerged as a revolutionary technology, transforming the way financial institutions operate and customers interact with their services. Biometrics, as a recognition technology based on the unique characteristics of each individual, has found fertile ground in Fintech. Biometric data, such as fingerprints, facial recognition, and iris scanning, offer…

Myths and truths about facial connections to the INE

From implementation to contracting the service, there are some myths surrounding facial connection to the INE. On October 26th, the webinar “Facial Connection to the INE: Myths and Realities” was held. Andrés Amante, Commercial and Services Director at FIMPE, and Alejandro Esquivel, IT Director at LATIN ID, answered some questions about the verification service, which…