Fintech

Fintech

At bgbg, we leverage our extensive legal and regulatory experience to support clients at every stage of their journey in the fintech sector. We have advised both emerging startups operating under the fintech radar and well-established financial institutions, making our team fully equipped to navigate the complexities of the ever-evolving financial services landscape.

Our multidisciplinary approach combines deep knowledge of financial regulation, corporate law, intellectual property, disruptive business models, privacy and data protection, and artificial intelligence. Our goal is not only to help clients comply with regulations but also to innovate, grow, and achieve long-term success in this dynamic sector.

We offer comprehensive legal solutions tailored to the fintech ecosystem, including:

Digital Assets and Blockchai

Legal advice on the regulation of crypto assets, trading platforms, blockchain technology, and structuring operations involving digital assets.

Payment Systems and Market Infrastructure

Design and regulatory compliance for the infrastructure required by payment platforms and digital marketplaces.

Insurtech and Regtech

Legal solutions for the integration of technology into the insurance and regulatory sectors, fostering innovation in insurance and regulatory compliance.

Licensing and Registration for Operating Fintech Entities, Money Transmitters, and Payment Network Participants

Support in obtaining licenses or registrations, as well as regulatory compliance to operate in the financial sector.

Privacy and Data Protection in Fintech Products and Services

Guidance on personal data protection and privacy in the development of fintech products and services.

Cross-Border Transactions and Structuring for Global Fintech Operations

Legal support for international transactions and complex structures for fintech companies operating globally.

Compliance with Anti-Money Laundering (AML) Legal Frameworks

Advisory services to ensure compliance with local AML requirements for both fintech entities and commercial entities engaging in regulated activities.

Tax

Tax advisory services, including tax planning and compliance, within a complex and international regulatory environment.

Our team has extensive experience with the regulatory framework applicable in Mexico and works closely with clients from key markets such as Latin America, North America, Europe, and Asia. We assist them in establishing operations in Mexico, complying with local regulations, raising capital, developing products, and executing complex transactions.

We understand that fintech is about more than just technology—it’s about innovative and disruptive business models that are redefining entire industries. That’s why we provide personalized legal advice that combines a deep understanding of these new models with practical, business-oriented insights. This ensures our clients receive targeted legal support tailored to their specific needs—whether it’s structuring a new platform, launching a crypto asset product, complying with data privacy regulations, or navigating cross-border transactions.

With a forward-thinking approach, we ensure our clients are well positioned to lead in a dynamic market, delivering legal strategies that drive innovation and shape the future of finance

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Fintech Regulation in Mexico

(Now Available in English)

The law firm bgbg is pleased to make available to our clients the official English translations of the key regulatory instruments governing Fintech Institutions in Mexico. These resources are designed to support foreign investors, international financial institutions, cross-border payment companies, and global market participants seeking a clear and reliable understanding of Mexico’s Fintech regulatory framework.

Law to Regulate Financial Technology Institutions (Fintech Law)

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^{Access the full English translation of Mexico’s landmark Fintech Law, which sets out the legal foundations for the operation, authorization, supervision, and compliance obligations of Fintech Institutions in Mexico.}

Provisions Applicable to Electronic Payment Fund Institutions

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^{We also provide the English translation of the secondary regulations applicable to Electronic Payment Fund Institutions, including the rules established under Articles 48 (second paragraph), 54 (first paragraph), and 56 (first and second paragraphs) of the Fintech Law. These provisions outline essential operational, prudential, and compliance requirements for entities offering digital wallets and electronic payment services in Mexico.}

At bgbg, we are committed to supporting the global Fintech community by delivering accessible, high-quality legal insights tailored to cross-border needs.

If you would like to receive these translations or explore how our Fintech and Regulatory Practice can assist your business in Mexico, please contact us.

Testimonios

Alessandra
Horta Caballero 
Arturo Salvador
Alvarado Betancourt
Gerardo
Torres González 
Martin
Ruiz-Cabañas Gabriel 
Mauricio
García Morales 
Alejandro
Stamoglou
Javier
Pérez Moreno
Juan Manuel
Sancho Rodrigo
Miguel
Gallardo Guerra
Alejandra
Lobato
Dante
Ceh Silva
Diana Laura
Macías Zarazúa 
Jesús
Pérez Alcántar
Salma Sofía
Yassin Sánchez

jsancho@bgbg.mx

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Professional Experience

Mr. Sancho Rodrigo has more than twenty-five years of experience in mergers and acquisitions; structured, project and acquisition finance and restructuring. His expertise and business-oriented approach allow him to provide comprehensive legal advice to domestic and foreign clients. Mr. Sancho Rodrigo has a remarkable cross-border transactional strength through its practice in Mexico and New York, where he has served as a foreign legal expert.

His career encompasses secured financing and securitization including asset backed structures based on micro-finance loans and other receivables. The transactions on which he has represented clients include complex syndicated financing facilities; privatizations; strategic alliances; private equity and venture capital investments.

He has led legal negotiations involving reorganizations; creditors’ rights; extrajudicial foreclosure; divestitures, workouts and exit strategies.

He has also sound experience in arbitration. Among other achievements in the field, he has obtained final awards and successful negotiations for major clients in conflicts involving complex contractual arrangements by state-owned companies, public-private partnerships and companies engaged in construction and energy.

Mr. Sancho Rodrigo has been a partner in González Calvillo for fourteen years, up to December 31 2021.

Publications

Banking Regulation Guide 2019, Mexico Chapter, published by Thomson Reuters
Corporate M&A Guide 2019, Mexico Chapter, published by Chambers & Partners
He has contributed with content in several publications including Financier Worldwide.
Mr. Sancho Rodrigo often participates as speaker in investment and finance topics at conferences organized by local and international organizations.

Transactions

The following brief list shows some of the transactions in which Mr. Sancho Rodrigo has represented clients:

- Represented Gentera in the series of transactions through which it acquired a majority stake of ConCrédito and its regulated micro-finance business, including bridge asset backed and convertible loan structures.
- Represented Bancomext in the $400m Pesos financing to Invekra and Laboratorios Sanfer for the acquisition of a medical product brand
- Represented Bain Capital and Atento in its 144A / Reg. S issuance of US$300 million 7.375% Senior Secured Notes and in their Pesos $1.1b senior financing facility from BBVA Bancomer and Santander for the acquisition of the Atento Group from Telefonica
- Represented Crédito Real, a consumer finance company, in its US$200 million IPO on the Mexican Stock Exchange, and distributed internationally under Rule 144A and Regulation S.
- Represented Banamex in a MXP$1,000 million revolving facility to Prudential Real Estate Investors CKD’s issuer trust and in structuring a liquidity facility to a capital calls-based CKD’s issuer trust
- Represented BBVA Bancomer and Facileasing in a MXP$10 billion long- and short-term bond program; a MXP$1 billion short term bond program and in a MXP$500 million issuance of long-term notes.
- Represented Maxcom Telecomunicaciones and Bank of America in Maxcom’s US$310 million SEC registered IPO
- Represented Bradesco in the acquisition of Mexican assets under the US$1 billion acquisition of IBI
- Represented the shareholders of Ecuador Bottling Company Corp. in the US$320 million acquisition of EBC by Embotelladoras Arca
- Represented Selina Hospitality in the US$10m financing received from DD3 Capital Partners for the leasing, construction and improvement of Selina hotels
- Represented the target and investors in the secured financing provided in 2021 by an international venture capital and private equity investment firm with approximately $5 billion of assets under management
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mgallardo@bgbg.mx

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Professional Experience

Miguel Gallardo is a partner of BGBG Abogados in charge of the banking and finance area in Mexico.

The projects in which Miguel Gallardo has participated are focused on banking, finance, regulatory compliance, anti-money laudering, and insurance matters. Miguel Gallardo Guerra has broad experience in corporations regarding participation, privatizations, restructurings, mergers, and acquisitions, as well as in international commercial operations, including service provision to Mexican and foreign financial institutions such as financial groups, banks, stock exchanges, broker of records, insurance companies, funds, multiple purpose financial institutions, and representation offices.

Miguel Gallardo Guerra has been assigned as member of several board of directors and regulatory comptroller of financial entities in Mexico. In addition, he is a lecturer and member of academic board of directors of the Law Area of Universidad Iberoamericana.

Education

Master in Comparative Law, New York University School of Law (scholarships: Fulbright, FUNED, and Conacyt), 2001
Bachelor’s Degree in Law, Universidad Iberoamericana, 1997.

Certifications and Records

Record as Claim Adjuster 205 in 2016 by the National Insurance and Surety Commission.
Certificate in Anti-Money Laundering and Terrorism Financing matters 2017 by the National Banking and Securities Commission.

Awards

Miguel Gallardo Guerra has been acknowledged as one of the leading lawyers within the Mexican market in banking and finance law by several national and international publications such as Legal 500, IFLR 1000, ACQ Finance, Best Lawyers, and Chambers & Partners:

“Miguel Gallardo Guerra is praised by clients for his high level of customer service. Sources say: “He is especially qualified in the financial industry and his main strength is his diligence.” He is active in acquisition financings and infrastructure finance.” Chambers and Partners – 2015.
“‘Professional, flexible and with an excellent attitude towards problems and clients’, head of finance Miguel Gallardo is ‘one of the best lawyers in the financial industry’. Appointed as an independent member of the anti-money laundering auditor of ICAP Mexico earlier this year, he is ‘very well connected and has the expertise, experience and knowledge that one needs of an external counsel.’” The Legal 500 – 2015
“Bello Gallardo Bonequi & García is a highly specialised banking firm, focused mostly on regulatory work. The project finance group has benefited from that strength and grown into its own strong practice. A client from a boutique bank says: “I recommended them highly and I think Miguel Gallardo Guerra is great resource. They have done a great job of building a diversified firm.” The firm receives most of its mandates from financial institutions inside and outside Mexico for lending and regulatory work. As head of the banking practice, Gallardo is well regarded for his expertise in this area. One client says, “He brings an international perspective because he used to work in New York, he is flexible on time and cost and he is very personable.” IFLR1000 – 2015

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Professional experience

- BGBG – Bello, Gallardo, Bonequi y García, S.C. (Full-time)
  - QUERÉTARO: March 2021 – Present (3 years and 7 months)
  - Activities and Responsibilities:
    - Drafting, reviewing, analyzing, and adjusting credit contracts according to applicable regulations on transparency and money laundering prevention.
    - Reviewing, analyzing, and addressing official communications from financial authorities.
    - Following up on inquiries and preparing opinions and memorandums regarding regulatory compliance, advertising, and transparency.
    - Monthly follow-up and presentation of validation reports to CONDUSEF.
    - Responsible for regulatory compliance for various financial entities.
    - Drafting corporate opinions and/or reports.
    - Creating Compliance Manuals, Anti-Corruption Policies, and other necessary legal documents for regulatory compliance.
    - Conducting legal audits and compiling files for regulated and unregulated financial entities regarding money laundering prevention.
    - Conducting legal audits and compiling files for non-financial entities regarding money laundering prevention and vulnerable activities.
    - Preparing training courses on money laundering prevention.
    - Consulting on vulnerable activities and submitting regulatory compliance notices to the SAT SPPLD Portal.
    - Drafting legal writings and documents.
    - Conducting compliance audits regarding transparency and money laundering prevention for the purchase and sale of financial entities (SOFOM E.N.R).
    - Direct communication and assistance with assigned clients.
- INMOV S.A. DE C.V. / ALTO S.C.
- - QRO, Mexico: 2017 – 2021 (4 years and 5 months)
  - Legal Advisor – Labor, Social Security, and Tax Law.
- KRO ASOCIADOS S.C.
- - QUERÉTARO: 2016 – 2017
  - Intern/Legal Assistant – Tax and Constitutional Law.

Dante Ceh Silva is a prominent legal professional with specialized experience in Banking and Finance, as well as providing comprehensive legal advice in the financial sector and regulatory compliance. He has served as a Compliance Officer in various unregulated SOFOMEs.

His participation as a speaker at the First “Conectados” Congress, focused on Collaboration and Donation Agreements directed at Civil Society Organizations (CSOs), and in webinars on T-MEC obligations regarding anti-corruption in businesses, demonstrates his commitment to education and professional development in the legal field.

Dante was a member of the technical team for the ABC Banking Law Course conducted by ANADE Querétaro and the Association of Bankers of Querétaro. His areas of interest include banking and financial law, securities, corporate governance, and labor law, reflecting his dedication to continuous growth in the legal field.

Education

Bachelor of Law
- Universidad Autónoma de Querétaro (UAQ): 2015 – 2020
- Specialization in Tax and Tributary Law.
- Diploma in Family Justice.