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
Investec launches 10-year BTL fixed rate product
Investec Private Bank has developed a 10-year buy-to-let fixed rate product...
Redwood Bank bolsters lending and credit teams
Redwood Bank has strengthened its lending and credit teams after appointing five new specialists...
Monese introduces student account
Monese has launched a student account for international and domestic students...
Tide secures £8m of funding
Tide has received £8m of new funding as it plans to move into its next stage of growth...
Starling Bank introduces personal loan products
Starling Bank has launched its first personal loan products offering up to £5,000...
Industry reacts to bank service league tables
Earlier this week, the Competition and Markets Authority (CMA) released the survey results ranking banks on their quality of service...
So you've signed up to the Women in Finance Charter – what now?
In July, it was revealed that 272 companies had signed up to HM Treasury’s Women in Finance Charter, covering over 760,000 financial services employees in the UK...
OakNorth completes its largest deal to date
OakNorth has completed its largest deal to date with a £40.2m property investment loan to Select Property Group...
Industry predicts the future of banking
Banking is forever evolving, with new entrants to the market and modern technology being introduced on a regular basis...
Triodos Bank provides £7m facility to First Choice Housing Association
Triodos Bank has provided £7m of funding to First Choice Housing Association (FCHA), which provides accommodation for vulnerable people across Wales and Shropshire...
The role of banks in the smart city
Smart city is a great buzzword. The term envisages a city where information and communication technologies like ‘the internet of things’ are connected to enhance the quality and performance of urban cities and thus urban living itself...