Trafalgar and Thought Machine join forces to pioneer fintech for Mexican SMEs

SME Banking
25/11/2023 News

Trafalgar, a leading Mexican financial services provider for SMEs, has forged a transformative partnership with Thought Machine, the cloud-native banking technology company. The collaboration aims to introduce Mexico's inaugural fintech solution for SMEs, utilizing Thought Machine's core banking platform, Vault Core.

Scheduled for launch in Q2 2024, this innovative 'turbofintech' platform seeks to empower Mexican SMEs with essential digital tools. Trafalgar's vision is to overcome traditional banking limitations, offering SMEs tailored solutions, including digital cards, POS systems, and more.

Trafalgar's selection of Thought Machine's Vault Core underscores its commitment to simplicity and flexibility. This cloud-native platform with unique product development capabilities enables Trafalgar to craft bespoke financial products for Mexico's SMEs.

Porfirio Sanchez Talavera, Founder and CEO of Trafalgar, expresses the transformative vision: "Our goal is to blend fintech agility with traditional banks' impact, creating the industry's first turbofintech. Thought Machine is our clear choice for excellence."

This collaboration positions Trafalgar at the forefront of Mexico's financial evolution, promising SMEs an era of innovation, accessibility, and personalized financial solutions.

Related news & insights

SME Banking
26/07/2024 Video

Opportunities and challenges for SMEs in post-COVID Asia

Aditya Sharma, Global Head of Small Business Products and Portfolio Clients at Standard Chartered Bank, discusses the trends and challenges...

Digital Reinvention
22/07/2024 Interview

Transforming banking with digital infrastructure: Q&A with Dr. Pramod Varma

In this in-depth interview, Rajashekara V. Maiya, Head of Business Consulting at Infosys Finacle, talks to one of the leading...

SME Banking
19/07/2024 Interview

NewTech Friday: MiddleGame Ventures – Investing in the future of financial innovation

MiddleGame Ventures is a fintech venture capital firm investing in early-stage startups at the intersection of Fintech 3.0 and Web...

Digital Reinvention
19/07/2024 News

NatWest launches banking app on Apple’s Vision Pro device

NatWest has announced the launch of its banking app on Apple’s Vision Pro, a device that blends digital content with...

ESG
18/07/2024 Interview

The changemakers: La Banque Postale's journey to a mission-led future

Following the announcement of its company purpose in June 2021, the French bank La Banque Postale (LBP) became a mission-led...

Digital Reinvention
16/07/2024 Article

Voting opens for 2024 Qorus-Infosys Finacle Banking Innovation Awards

More than 390 innovations were submitted by 177 financial institutions from 57 countries for this year’s Qorus-Infosys Finacle Banking Innovation...

Digital Reinvention
15/07/2024 Article

Financial Innovation Spotlight – July 2024 edition

This global innovation journey begins in Singapore, where OCBC Securities offers AI-driven personalized stock recommendations. Then we head to the...

ESG
14/07/2024 News

NatWest puts accessibility at the heart of digital banking

NatWest Group is prioritizing accessibility in its digital services to ensure all customers, including those with disabilities, can easily navigate...