FinTech Magazine October 2020 | Page 150

Cloud
AFORE XXI-BANORTE
Cloud
and Data Analytics
150
CLICK TO WATCH | 2:31
In line with this thinking , Mizuno has refocused XXI-Banorte ’ s IT department from its previously “ reactive ” state to a far more strategic and ROI ( return on investment ) focused entity . This , in turn , has made the entire company much more agile , which became invaluable when the COVID-19 pandemic reached Mexico and introduced the now all-toofamiliar operational challenges of social distancing . “ We were able to digitalise and enable practically everybody to work from home in less than 48 hours ,” states Mizuno .
In addition to XXI-Banorte ’ s cultural agility , the core tech enabler for this swift transition was incontestably the cloud . It is this aspect , Mizuno argues , that is and will continue to change the shape of finance to come . “ Cloud is transforming XXI-Banorte ; it is the cornerstone of what allows our information to be stored , processed and delivered , while also allowing new applications to flourish . In terms of cost efficiency , it was not practically viable to do the things we can do now with the cloud , because before that
OCTOBER 2020