New rules for faster credits
The Ministry of Finance and Public Credit (SHCP) published provisions for banks to accelerate the evaluation, authorization and monitoring of commercial and consumer loans.
Through the National Banking and Securities Commission (CNBV), the measures appeared in the Official Gazette of the Federation. The objective is to promote the digitalization of financial procedures and reduce the regulatory burden.
What changes do they bring?
Institutions may reuse existing documents in client files, as long as they are updated. The Advanced Electronic Signature is also enabled to identify users and request credits through digital means.
The reform allows non-face-to-face verifications using electronic tools. Additionally, in consumer loans, banks may consider recent records of their users’ financial movements.
With these actions, the authority seeks to simplify processes and promote the use of technologies in the banking sector.




