Mifos and INFOTEC Renew Joint Scientific and Technological Cooperation Agreement

Mifos is pleased to announce the renewal of the ongoing collaboration we’ve had with INFOTEC since the start of January 2021. Collectively with INFOTEC and the support of our local Mifos partner, Fintecheando, we have been able to make significant progress in the development and adoption of digital public infrastructure to deliver financial inclusion at scale to the underbanked across Mexico.

For INFOTEC and Mifos, the development of innovative solutions that accelerate and enable the financial inclusion of the most vulnerable people constitute fundamental elements of their mission and vision that coincide in the application of public policies aligned with the benefit of Mexican society as a whole. 

The collaboration between both Institutions has allowed the Digital Transformation of Development Banking Institutions in Mexico through the training of Mexican talent in the development and adaptation of open source financial software that allows it to adapt to the reality of Public Institutions and the Beneficiaries of social programs.

The understanding and application of open source software technology in Financial Inclusion, entrepreneurship, research and resolution of national problems have been fundamental pillars in the transfer of knowledge through the scientific and technological cooperation agreement between INFOTEC and Mifos. 

Recently, The Mifos logo has been unveiled on the Infotec Collaborators Wall of the Infotec Headquarters in Mexico City, in which it visually recognizes the Institutions that have allowed us to achieve the established objectives that have been resolved with high ethical values ​​and through the application of specialized knowledge by national and foreign professionals.

With great expectations for the future, INFOTEC remains committed to promoting the development of information technologies in Mexico. Through the adoption of emerging technologies, it seeks to position the country as a leader in innovation, while continuing to promote financial inclusion and economic and social mobility of the Mexican population through the collaboration agreement with Mifos, which has been recognized as a strategic collaborator to continue complying with the orders of the Mexican Federal Government. 

Through the Interledger Foundation Research Grant, Mifos will explore how the Interledger Protocol (ILP) can be part of Digital Public Infrastructure and contribute to democratizing financial services through its open protocol suite for sending payments across different ledgers.