BBVA reveals 2018 Open Talent finalists
Written by Chris Lemmon
BBVA has announced the finalists of its FinTech competition Open Talent, which received more than 6,000 entries from startups across 80 countries.
Open Talent has been designed to drive and support disruption in the banking sector, seeking innovation that allows it to build services beyond those traditionally offered by a bank. The competition will help the FinTechs grow by providing them with access to the bank’s services and processes.
Three finalists have been selected for each of the categories – Future, People and Business.
FinTech for Future:
- Sedicii – Identity verification startup based in Ireland that allows users to verify identity data between two parties without exposing the underlying data. The company makes online activity safe by eliminating the need to store or transmit sensitive personal information over the web when logging in to an internet service.
- Taqanu – Blockchain-based digital identity platform and surrounding ecosystem. Taqanu aims to solve social and financial inclusion issues, using their blockchain technology to encourage innovative solutions to address social and environmental challenges.
- Cindicator – Hybrid intelligence system where millions of decentralised financial analysts are enhanced by artificial intelligence to provide valuable and precise forecasts for traditional financial markets and markets of crypto-assets.
FinTech for People:
- ToGarantido – Brazil-based automated chatbot platform, focused on giving consumers online access to insurance solutions and specially designed for low income populations in Latin America.
- ChargeAfter – First financing solution that enables retailers to offer personalised financing options to their customers in real-time through a global network of lenders.
- Cashaa – Smart digital wallet that has built and beta-tested a blockchain-powered forex platform, offering innovative exchange and money transfer services between fiat and cryptocurrencies.
FinTech for Business:
- DunForce – Spanish software startup and the first intelligent collection agent to use AI and machine learning to solve the growing problem of late payments. The software reduces client risks and cost of collection through its all-in-one predictive Software as a Service solution.
- Finnest – Pan-European corporate finance platform which provides established SMEs with alternative access to the capital market and offers investors a key to private placements of financially sound enterprises.
- Sedicii – Also announced as a finalist for this category.
Finalists have the opportunity to take home a €150,000 prize fund and join an immersion week with the bank, where they will learn to partner with a corporate, potentially becoming a customer and find solutions to their specific business challenges from expertise within the bank.