Factory A will select 10 FinTech ventures made
up of young entrepreneurs from Latin
America to join the Entrepreneur Coworking Ecosystem
TORONTO, Feb. 7, 2019 /CNW/ - Scotiabank and The
Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), commonly referred to as Tec
de Monterrey, today announced the launch of Factory A in
Mexico City, the bank's first
accelerator.
"Factory A will unite the entrepreneurial and innovative focus
of Tecnológico de Monterrey with
Scotiabank's digital and banking experience", said Enrique Zorrilla, CEO, Scotiabank in
Mexico, "We are pleased that the
partnership is providing a solid foundation for FinTech growth in
the region."
Factory A will select 10 FinTech ventures made up of young
entrepreneurs from Latin America
to join the program's Entrepreneur Coworking ecosystem. They will
participate in prototype labs and receive legal counsel, public
relations support and mentorship from leaders across the bank and
Tec de Monterrey's networks. The
program will explore tools and techniques for leveraging
innovations and tackling technology related challenges such as data
analytics, alternative scoring, electronic payments, Internet of
Things, Know Your Customer (KYC) and cybersecurity in the digital
ecosystem.
"The partnership with Tecnológico de Monterrey is a natural fit for Scotiabank as
we both value entrepreneurship and innovation," said Ignacio
(Nacho) Deschamps, Group Head, International Banking and Digital
Transformation at Scotiabank. "Partnering with academic
institutions gives Scotiabank access to innovative research
conducted by some of the brightest minds in the country."
"Developing models and networks of entrepreneurship is the key
to meeting our goal of educating leaders, fostering an
entrepreneurial spirit and establishing internationally
competitiveness. We are confident that this alliance with
Scotiabank will promote the FinTech industry within the country,"
said Isaac Lucatero, Regional
Director of the Entrepreneurship Institute Eugenio Garza Lagüera,
Tecnológico de Monterrey.
Entrepreneurs interested in Factory A can apply at the following
link: www.factorya.mx
ABOUT SCOTIABANK
Scotiabank
is Canada's international bank and a leading financial
services provider in the Americas. We are dedicated to helping our
more than 25 million customers become better off through a broad
range of advice, products and services, including personal and
commercial banking, wealth management and private banking,
corporate and investment banking, and capital markets. With a team
of more than 97,000 employees and assets of $998
billion (as at October 31, 2018), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock
Exchange (NYSE: BNS). For more information, please
visit www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
ABOUT TECNOLOGICO DE MONTERREY
The Instituto Tecnológico y de Estudios Superiores de
Monterrey (ITESM), commonly
referred to as Tec de Monterrey,
is a private university with headquarters in Monterrey, Nuevo León, Mexico. Recognized for its great reputation
and academic recognition, Tec de Monterrey is one of the 45 universities in the
world named with 5 QS Stars. In addition, the university holds the
most registered patents in the country in the areas of
biotechnology, health, automotive, food and manufacturing
innovation. For more information, please visit www.tec.mx
SOURCE Scotiabank