In the index prepared by the job counseling portal, Love Mondays, the software services company was ranked 5th, according to Mexican news magazine Lider Empresarial.

As per the agreement, Santander will organize a ‘coding boot camp’ at its digital laboratory, known as Spotlight, in Monterrey, with plans to teach 30 students on the basics of software writing.

The Mexican ecosystem is currently 2.5 times larger than Colombia — the third fintech ecosystem in the region with 124 startups — over 3 times larger than Argentina, and over 4 times larger than Chile

Canadian venture capital firm Alacrity has set up in Mexico City, with plans to invest 10 million pesos into 12 technology startups over the next 3 years.

The lab will test and promote AI solutions that positively impact businesses, besides training Mexicans interested in acquiring skills in the new technology.

Among those taking part in the Hub are IBM, Neoris, Alfa, Arca Continental, Banorte, Cemex, Deacero, Femsa, Tecnológico de Monterrey (ITESM), the Autonomous University of Nuevo Leon (UANL), and the University of Monterrey (UDEM).

Mexico’s IoT (internet of things) market has huge future prospects, but only if decision-makers can improve regulation and promote the industry.

Technology companies developing solutions for e-commerce or bricks and mortar stores can also seek a chance to participate in the program known as Radar Santander.

Almost 20% of these businesses are moving their IT management services to hybrid, which combines both public and private clouds.

Spanish banking group BBVA is opening a Mexico office for a new financial technology (fintech) company named BBVA Next Technologies.