Latin American mining companies rely more on fintech than other world regions

Latin America extended its dominance for fintech hiring among mining industry companies in the three months ending May.

The number of fintech hirings in South & Central America made up 84.5% of total fintech jobs – up from 81.1% in the same quarter last year.

That was followed by Europe, which saw a -4.3 year-on-year percentage point change in fintech roles.

The figures are compiled by GlobalData, which tracks the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData’s thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries. These key themes, which include fintech, are chosen to cover “any issue that keeps a CEO awake at night”.

By tracking them across job advertisements, it allows us to see which companies are leading the way on specific issues and which are dragging their heels – and importantly, where the market is expanding and contracting.

Which countries are seeing the most growth for fintech job ads in the mining industry?

The fastest growing country was Peru, which saw 22.6% of all fintech job adverts in the three months ending May 2021, increasing to 44.5% in the three months ending May this year.

That was followed by Brazil (+1.6%), Portugal (0.9%), and Spain (-10.6%).

The top country for fintech jobs in the mining industry is Peru, which saw 44.5% of all hirings advertised in the three months ending May.

Which cities and locations are the biggest hubs for fintech workers in the mining industry?
Some 19.1% of all mining industry fintech roles were advertised in Santiago (Chile) in the three months ending May.

That was followed by Arequipa (Peru) with 18.2%, Moquegua (Peru) with 13.6%, and Lima (Peru) with 11.8%.

With information from Mining Technology