TRY FOR FREE

BBVA Open Talent 2016: Shedding Light on the Next Generation of FinTech Disruptors

As Michael Dell, one of the brightest minds in the tech world said, Ideas are a commodity. Execution of them is not. BBVA, one of the most innovative banks in the world, knows the true meaning of hard work in pushing the envelope of innovation and with every initiative, proves to be on the side of the doers, not just the dreamers.

BBVA Open Talent 2016 is yet another proof of what a truly innovative financial institutions is capable of and how collaboration and recognition of mutual strengths in the financial services industry can make a real change and bring the best out of each world.

For more than eight years now—through Open Talent competition—the bank has proactively supported A-players, true disruptors and some of the most innovative and promising ventures and individuals that can make a change in the financial services industry. Success stories from the Open Talent competitions of previous years speak to the scale of possibilities and tremendous opportunities that startups are presented by entering the contest.

BBVA Open Talent 2016 is built on the success story of the previous chapters of the challenge and today, BBVA is proud to unveil finalists from each region – Europe, LATAM, USA & rest of the world, that will then compete in the regional finals in September.

But before we look at rigorously screened finalists, let's look at some interesting stats characterizing BBVA Open Talent 2016.

The hallmarks of BBVA Open Talent 2016 edition

Startups from the US comprised the largest portion of finalists with 15 companies competing from the country. However, the US dominance in supplying talented teams hasn't shadowed bright entrepreneurs made it to the finals from such countries as Azerbaijan, Ecuador, Latvia, Turkey and other blooming markets.

The most common segments among the total number of finalists are payments, SaaS, big data, financial inclusion, risk analysis, identity and anti-fraud and alternative lending. Interestingly, while for Europe and USA & ROW, the most common segments are similar; for the LATAM region, there is a variation with the most common segments being mobile apps, consumers (traditional banks), EFM, PFM and remittances along with financial incl ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED