BBVA is changing its Open Talent competition for startups as it realigns its FinTech strategy.
In Brief:
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The Open Talent Competition will include specific challenges startups need to solve through FinTech.
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These challenges come directly from the bank’s business units in core countries.
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These will include regulation and personal finance management.
What does this mean?
This is part of a wider realignment of BBVA’s relationship with FinTech – its Open Innovation unit has been working with an ecosystem of FinTechs. Winners across each country will be able to work through a proof of concept with BBVA. The aim is for the bank to get a usable product and startups to get “real” business.
