FinTech Blooms, But Can it Fix Mexico's Financial Exclusion?

Mexico's banking system is a curious case, like a brightly colored cactus flower blooming in the desert – beautiful, but with a few thorns. Experts recently gathered at the National Finance + Inclusive Forum to dissect this paradox: a system boasting healthy institutions with high returns, yet struggling with low credit access and financial inclusion for a large chunk of the population.

Gerardo Esquivel, a former bigwig at the Bank of Mexico, kicked things off by highlighting the disconnect. The financial system, he argued, should be a "key instrument" for national progress, but right now, it's missing the mark. Throwing more players into the ring isn't necessarily the answer – just because there's a crowd, doesn't mean everyone gets a dance.