- Partnership: Mexican fintech start-up Trafalgar partners with Thought Machine for core banking technology.
- Technology Leap: Trafalgar aims to be Mexico’s first fintech using cloud-native core banking with Thought Machine’s Vault Core.
- Focus Area: Trafalgar, founded in 2021, targets Mexico’s underserved SME sector with an all-in-one financial services platform.
- Regulation: As a regulated Sociedades Financieras Populares (SOFIPO), Trafalgar can provide diverse services, including deposits, payments, FX, and loans.
- Launch Plans: Trafalgar plans to launch its platform in Q2 2024 and intends to expand services, including virtual cards, POS systems, and digital authentication, using Thought Machine’s core.
- Founder’s Perspective: Trafalgar’s CEO, Porfirio Sanchez Talavera, sees Thought Machine as a “clear choice,” aiming to combine fintech innovation with traditional bank impact for SMEs in Mexico.
