The decision follows the approval of an application by JMMB Merchant Bank to convert its merchant banking operations.
The former CEO of the Mexican state oil firm has been accused of receiving US$10mn in kickbacks from the Brazilian construction company.
The state-owned bank will launch the new platform as a response to increasing competition in the capital market and downward pressure on income from retail banking operations.
By the end of the year the country's first fully digital bank is due to come online. To find out more BNamericas spoke to Daniel Bertone of Grant Thornton, which provided consulting services to the project backers.
The country's consumer watchdog handed failing scores to non-bank lenders specialized in car loans in a review of financial transparency and information quality.