BBVA is set to hold the 10th edition of its annual fintech competition .
BBVA Open Talent is looking to find the best fintech ideas from around the world, with €150,000 in prize money for the overall winners.
BBVA will also fast-track the winners on to the bank's proof of concept workstream.
The competition consists of three main prizes, with each one offering a prize of €50,000, an immersion week at the bank, exposure at a major global banking conference and a slot at BBVA's Open Innovation Global Summit in Madrid.
The categories are:
- fintech for future: the idea most like to reshape and disrupt banking in the next decade
- fintech for people: the idea most likely to improve the customer banking experience and positively change the way people manage their money and data
- fintech for business: the idea most likely to transform the way businesses manage the financial or data side of their operations.
Derek White, global head of customer and client solutions at BBVA, said: “BBVA Open Talent is a clear example of how the bank has been working with the fintech sector for many years, and supporting the innovation that is driving the financial services industry.
“Don't underestimate the impact of this competition – if you are a start-up looking to kick-start your growth, then the insights, relationships, opportunities and networks you can build through Open Talent [can] create [a] massive impact.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
STB Commercial Finance opens Leeds office
Secure Trust Bank (STB) Commercial Finance has opened a new office in Leeds as it continues its national expansion...
Starling expands payment services and banking-as-a-service offer
Starling Bank is expanding its banking-as-a-service and payment services offer to enable other companies to offer retail banking and make payments...
Tandem launches Journey Card
Digital bank Tandem has launched a new credit card to help users who don’t have a credit history to build a strong profile...
Starling set to launch business accounts for multi-director limited companies
Starling Bank has announced that the bank would soon open its business accounts for limited companies with multiple directors...
Aldermore increases rates on business savings products
Aldermore has increased rates across its fixed rate and customised fixed rate (CFRA) business savings accounts...
Teachers Building Society amends lending criteria
Teachers Building Society has updated and amended its lending criteria to provide intermediaries with a detailed overview of its requirements for both teacher and non-teacher applicants...
What lenders look for when financing hotel projects
This week, I’ll be at the Annual Hotel Conference in Manchester where I’ll be speaking on Thursday about the funding options available to hotel businesses when it comes to financing future projects...
Bank on Dave launches funding round to support bank plans
Burnley Savings and Loans Limited – known as Bank on Dave – has launched a funding round of £2.5m on crowdfunding platform Seedrs...
Klarna partners with H&M
Swedish bank Klarna has entered into a global partnership with H&M group to further integrate H&M’s digital and physical stores...
ICC Banking Commission announces long-term agreement with GCD
The International Chamber of Commerce (ICC) Banking Commission has signed a long-term partnership with Global Credit Data (GCD) to strengthen analysis within the ICC Trade Register...
OakNorth provides £42m loan to nationwide pub operator
OakNorth has completed a £42m loan to Red Oak Taverns to support the national pub operator’s continued expansion across the UK...