#Mexico #Mexico City #Google Cloud #Banorte #DORA Award

Banorte's Digital Innovation Revolution

Grupo Financiero Banorte, under the leadership of Carlos Hank González, has made waves in the banking sector by earning the esteemed DORA Google Cloud 2024 Award. This prestigious recognition marks Banorte as the first Mexican company to excel in the category of Large-Scale Improvements Throughout the Organization. The award highlights Banorte's commitment to advancing technology and digital transformation within the financial services industry.

Established as a cornerstone of innovation, the DORA program is an initiative by Google Cloud that assesses the advancement and effectiveness of cloud-based technology practices among leading organizations worldwide. By joining the DORA program two years ago, Banorte aimed to enhance its capability to innovate rapidly and to adapt seamlessly to the evolving demands of its customers in the financial sector.

Carlos Hank González, the Chairman of the Board, expressed his enthusiasm about the accolade, stating, "This win is a testimony to our dedicated efforts towards improving our platforms and services through innovation and agility. Our journey in adopting modern cloud technology practices has allowed us to respond more effectively to the fast-paced changes in the digital landscape."

Nathen Harvey, the DORA Lead at Google Cloud, commended Banorte for their proactive embrace of contemporary cloud strategies and a culture of rapid innovation. He mentioned, “The DORA program empowers teams to enhance their focus on people, processes, and technological tools, facilitating quicker innovation. Banorte's efforts stand out in adapting quickly to market requirements and fulfilling customer needs.”

The achievements acknowledged under the category of Scaling Improvement Throughout Your Organization include:

• - An increase in daily software developments and updates, moving away from previous bi-weekly release cycles.
• - A reduction in turnaround time to less than two days for requests concerning platforms, tools, applications, and digital solutions.
• - A notable 20% cut in operational and software development expenses by automating technology tasks and streamlining processes.
• - Projections indicate a 30% reduction in technology infrastructure costs moving forward.

Grupo Financiero Banorte (GFNorte) isn't just another bank; it is Mexico's leading financial institution. Through various sectors, such as banking, brokerage, insurance, and fund management, Banorte engages with both individuals and corporations across the country. Additionally, it manages Afore XXI Banorte, recognized as the largest retirement savings fund in Mexico based on assets.

This recognition from Google Cloud not only fosters Banorte's reputation in the global arena but also reflects its dedication to sustainability and modernization in banking. With over 33,000 employees and thousands of branches and ATMs nationwide, Banorte is well-positioned to continue pushing boundaries and setting new standards in the financial services sector.

For more insights on Banorte's accomplishments, visit the official DORA Award page: Banorte DORA Award.