Grupo Financiero Banorte – Digital Transformation Strategies

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Grupo Financiero Banorte Enterprise Tech Ecosystem Report Overview

Banorte has been focusing on emerging technologies as a part of its digital transformation strategies. The annual ICT spending of Banorte was estimated at $507 million in 2021. A major share of this spending is earmarked for acquiring hardware, software, and network and communications from vendors. Banorte is a financial services group that offers a range of banking and related financial solutions.

The Banorte digital transformation strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, ICT spending among others.

Digital Transformation Strategies

Banorte entered into a 10-year strategic agreement with IBM in 2013, to create a new customer centric banking model. IBM helps Banorte implement big data and analytics technologies across the company’s customer service channels and deliver personalized products and services. Banorte also established the Analytics Business Unit, which aims to leverage data analytics to better understand customers and make informed business decisions. The unit works with Banorte’s data governance team for end-to-end implementation of analytics projects.

To gain more insights on digital transformation strategies and initiatives of Banorte, download a free report sample

Banorte Technology Theme Focus

Banorte is utilizing number of emerging technologies including artificial intelligence, cloud, and fintech to improve operational efficiency, diversify product portfolio, and enhance customer experience.

Banorte Technology Theme Focus

Banorte Technology Theme Focus

To know about other technology themes under focus for the company, download a free report sample

Banorte Technology Initiatives

Banorte has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years.

For instance, Banorte formed an alliance with Google Cloud to use the latter’s technology to enrich technological environments including applications, infrastructure, and databases. The migration of IT infrastructure and workloads to Google Cloud will help the bank increase cost efficiency, flexibility, scalability, and security. By utilizing AI and large sets of data stored on Google Cloud, the bank can support customers with hyper personalized banking services.

For more insights on other technology initiatives of Banorte, download a free report sample

Banorte ICT Spend by Function

  • Communications
  • Data center
  • Network
  • Application
  • End-user computing
  • Service desk
  • Management

Banorte ICT Spend by Function

Banorte ICT Spend by Function

For more insights on ICT spending by function, download a free report sample

Banorte ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/Consulting firms
  • Specialist outsourcers
  • Systems integrators

Banorte ICT Spend by Channel

Banorte ICT Spend by Channel

For more insights on ICT spending by channel, download a free report sample

Banorte External ICT Spend by Segment

  • ICT services
  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • Network and communications
  • Consulting
  • Others

Banorte External ICT Spend by Segment

Banorte External ICT Spend by Segment

For more insights on external ICT spending by segment, download a free report sample

Banorte Digital Transformation Strategies Overview

Total ICT Spending 2021 $507 million
ICT Spend by Function Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management
ICT Spend by Channel Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators
External ICT Spend by Segment ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others
Technology Theme Focus Artificial Intelligence, Cloud, and Fintech

This report provides:

  • Insight into Banorte’s technology activities.
  • Insights of its digital transformation strategies and technology center & innovation program.
  • Overview of technology initiatives covering product launches and partnerships.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets and major ICT contracts.

Reasons to Buy

  • Gain insights into Banorte’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various product launches and partnerships.

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Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Innovation Programs

Technology Focus

Technology Initiatives

Partnership Network Map

ICT Budget and Contracts

Key Executives

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