Ready or Not: Here Comes Banco Wal*Mart
Posted on : 26-02-2008 | By : admin | In : Finance
In
November 2007, Wal-Mart de México (WMT) opened its first consumer bank, Banco
Wal*Mart, in Toluca – an industrial town near Mexico City. The company
plans to launch 80 more branches by the end of 2008. Will this initiative be
successful? Will the established Mexican banking community suffer at the hands
of Banco Wal*Mart? What will this initiative mean for Fidelity National
Information Services (FIS), the bank’s new primary core banking and IT
supplier?
Tags: business, informationNovember 2007, Wal-Mart de México (WMT) opened its first consumer bank, Banco
Wal*Mart, in Toluca – an industrial town near Mexico City. The company
plans to launch 80 more branches by the end of 2008. Will this initiative be
successful? Will the established Mexican banking community suffer at the hands
of Banco Wal*Mart? What will this initiative mean for Fidelity National
Information Services (FIS), the bank’s new primary core banking and IT
supplier?
