We aren't a bank, or a neobank or any type of Fintech

We’re consumer tech for families, we are...

KINtech Tech to help Families & Their Communities­­­­­­­ —
KINtech — not Fintech for corporations (or criminals!)

We aren't a bank, or a neobank or any type of Fintech

We’re consumer tech for families, we are...

We design innovative functions or features using whatever the best technology is to perform the specific jobs our customers’ need done, from hardware to software. But, since we control the technical context we can design them to also operate within U.S. and Mexican regulatory frameworks from the beginning.

Examples:

1. With Fondosis, we did not want to be required to use Mexican fintech software within our software, since that would a) qualify us as a fintech and b) require us to directly use Banxico‘s owned and operated network tech (e.g. SPEI) which would put our Mexican-based customers’ financial transactions- which are already system capped to be under AML SAR required levels-anyway, in their hands for no legitimate purpose.

2. Technical example: we eliminated the use of e-wallets with Fondosis, which means Fondosis literally operates in Mexico as an e-commerce product & company.

(We do however work with Mexican and U.S. fintech partners, outside of our own system, arms-length).

We can’t explain the technical details of how the Fondosis system works*, just that it does, and it does so legally.

*(It’s highly innovative multi-patent-pending technology)

If you live in Mexico, you likely already know it has two separate but interrelated governments.

Its financial government is run by the Bank of Mexico (Banxico), “autonomous to the ‘government’ ”. Banxico has owned and operated the country’s real time payment rails (SPEI) used by both Mexican commercial banks and consumer apps, and core banking software (SIAC) used by its -mainly foreign-owned- commercial banks. Through this technology, it’s been able to digitally collect on behalf of government agencies, e.g. income tax for SAT, since the mid 1990’s. Banxico’s now extended its reign to the fintech world, both in licensing approval1 and in managing and providing the same underlying tech “rails”.

This might sound conspiracy theory fodder to those of us living outside Mexico, but its information one can easily find on Banxico’s own website2.

The working class is fintech/neobank averse for the same reasons it’s been bank averse: lack of privacy and control of their own money.

But the Mexican government is supportive of U.S. companies setting up general services and operations in Mexico, incorporated in Mexico. So, we developed our products specifically not as fintech products (e.g. no e-wallets, no x-border money transfer), so we operate as an e-com company in Mexico, and with system caps well below bank regulatory scrutiny levels designed for automatic “compliance” in the U.S. and Mexico.

We are focused on our American people, but not government antagonistic. Because we want to spark a peaceful economic revolution that benefits all of America, as one.

This is why we say, Familismo, Inc is a positive bridge between our People & Governments.

Kintech

What excactly does that mean?

1. We help families save hundreds of precious hours a year and thousands of their own dollars so they can- at least for the next gen- invest their way out of low fixed wage labor, and into a better standard of living. (We promote more spending with state and local universities and technical schools). We’ll help get millions of small businesses paid instantly and at low cost. And then we help those communities generate real wealth on their own. (& they’ll be able to afford to pay more taxes in the process).

2. We do this separately, but not antagonistically to any government. And we don’t even charge any government consulting fees for doing their job: helping their hard-working prosper.

3. As a business, we’re open with reporting our operations info, and pay our local state and federal taxes to the U.S. and Mexico (and when we have a presence in Canada, there, too). We create new jobs in Mexico and the U.S.