The World’s Biggest FinTech Challenge Is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

April 13, 2017     By : Elena Mesropyan

Being immersed in a profound transformation process with a mission “to bring the age of opportunity to everyone,”, BBVA recently announced the launch of the ninth edition of its Open Talent FinTech competition, the world’s biggest FinTech challenge for startups, which this year has grown significantly to offer even more people the chance to work with a world-leading digital business. With the Open Talent 2017 competition, BBVA opens a truly global hunt for the best of the best in the world of FinTech and digital banking.

After eight years of focusing purely on seeking out the FinTech firms that are transforming the financial world, this year at BBVA Open Talent, BBVA is broadening the competition as it continues searching for talent and collaboration.

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

Source: BBVA Open Talent 2017

With the ninth edition of Open Talent competition, BBVA is creating challenging FinTech games to look for the most complete and innovative winners across multiple sectors and areas of expertise that would help BBVA achieve the goal of transforming the world of banking. This year, BBVA appeals to the entire ecosystem through thematic verticals, particularly those startups working in the fields of Identity, Artificial Intelligence and FinTech for Companies.

The Structure Of BBVA Open Talent 2017

BBVA Open Talent 2017 consists of the following international competitions: Regional Competitions, Thematic Competitions, and Two Additional Special Awards. The winners of the five competitions will participate in the great final, BBVA Global Summit, seeking to become a BBVA Open Innovation Universe hero. BBVA Open Talent 2017 provides an opportunity for the winning startups to work with senior leaders across the bank, make business connections and win prizes in excess of 200,000.

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

Source: BBVA Open Talent 2017

  • Three thematic worldwide competitions – Identity, Artificial Intelligence, and FinTech for Companies

Over the next few months, BBVA will be running three specific competitions based on the themes of Identity, Artificial Intelligence and FinTech for Companies (F4C).

The winners of these three categories will receive 30,000 each, an invitation to take part in a week of immersion in Madrid with senior executives of the bank, and a place at the grand finale of BBVA Open Talent Global Summit. More importantly, it will help startups grow their business by giving them the connections to find new customers and opportunities.

  • Regional competitions: over a dozen country-specific opportunities

The regional competition will see high-growth businesses compete against each other for the title of “Best i the country” at events in more than 15 cities in Mexico, Argentina, Peru, Ecuador, Colombia, Uruguay, Chile, Spain and Turkey.

The winners from each city will also receive 1,000 in prize money and compete for winner of their country. The winners of each country will then be invited to go on to compete for an overall country prize: with the winner securing 30,000, and a place at the grand final.

  • An all-encompassing, catch-all Global Trends competition

The Global Trends competition aims to find the absolute best FinTech idea from anywhere around the globe. Global Trends is a chance for anyone with any FinTech idea, from any country, on any theme, to get involved.

  • Two special awards – Women in FinTech & Financial Inclusion Special Award

One of the competitions seeks to identify the best FinTech ideas to come from female digital entrepreneurs, and the second one – for ideas that promote financial inclusion. The winners of each of these groups will also secure a place at the year-end finals.

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

Source: BBVA Open Talent 2017

With the Open Talent competition, BBVA is looking for the kind of innovative thinking that will help shape, change and grow the digital banking sector in the future, so that banks like BBVA continue to deliver excellent service and products to customers and clients.

Requirements for BBVA Open Talent 2017 Participants

  • Projects must be operative or at least in beta version;
  • Startups no older than January 1, 2013;
  • Earned less than €1,5 million in revenue;
  • Raised less than €2.5 million in funding.

BBVA Open Talent 2017 – Application Deadlines, Finals, and Prizes

BBVA Open Talent Regional (Spain, LATAM, Turkey)

The World's Biggest FinTech Challenge Is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

TBD
  • The winner of each country will participate in the final next September
  • The winner will receive €30,000 in prize money
  • An Immersion week in Madrid to meet and interact with BBVA teams and executives
  • A slot to participate in BBVA Global Summit
BBVA Open Talent IdentityThe World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

 

  • Application Deadline – April 17th
  • Finalists Announcement – April 28th
  • Finals – May 16-17th in the K(NO)W Identity Conferences in Washington D.C.

APPLY NOW

  • 10 finalists will participate next May in the final
  • The winner will receive €30,000 in prize money
  • An Immersion week in Madrid to meet and interact with BBVA teams and executives
  • A slot to participate in BBVA Global Summit
BBVA Open Talent Artificial Intelligence

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

  • Application Deadline – May 22d
  • Finalists Announcement – June 9th
  • Finals – June 26-28th
  • 10 finalists will participate next June in the final
  • The winner will receive €30,000 in prize money
  • An Immersion week in Madrid to meet and interact with BBVA teams and executives
  • A slot to participate in BBVA Global Summit
BBVA Open Talent FinTech for Companies

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

  • Application Deadline – July 3d
  • Finalists Announcement – August
  • Finals – September
  • 10 finalists will participate next September in the final
  • The winner will receive €30,000 in prize money
  • An Immersion week in Madrid to meet and interact with BBVA teams and executives
  • A slot to participate in BBVA Global Summit
BBVA Open Talent Global Trends

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

  • Application Deadline – July 17th
  • Finalists Announcement – September
  • Finals – October
  • 10 finalists will participate next October in the final
  • The winner will receive €30,000 in prize money
  • An Immersion week in Madrid to meet and interact with BBVA teams and executives
  • A slot to participate in BBVA Global Summit

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

Source: BBVA Open Talent 2017

BBVA Open Talent Global is the culminatory event that will be celebrated to honor the winners of the biggest FinTech challenge globally:

  • The BBVA Global Summit will be celebrated next October in Madrid
  • The winners of all the competitions will participate in the BBVA Global Summit; BBVA Open Talent Identity, Artificial Intelligence, FinTech for Companies, Regional and Global Trends
  • The BBVA Global Summit winner will receive an additional €50,000 in prize money

Apply Now for BBVA Open Talent Identity – Applications Close April 17th

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

Source: BBVA Open Talent 2017

BBVA team emphasizes that identity is a crucial part of banking, and always has been. But as we move increasingly to a digital world, it is an issue of growing importance. More and more people now bank online – where and when they want – rather than visiting a branch, making identity verification a critical priority for banks to ensure the safety of their customer’s money, data and other assets.

Stringent regulatory environments for financial institutions, on the other hand, enforce a duty to know customers at all times, which requires sophisticated, and constantly evolving, ways to authenticate people’s identity – and that’s one of the areas where FinTech can deliver real and tangible benefits.

With one of the three thematic competitions – BBVA Open Talent Identity, BBVA is looking for startups based on an identity-related topic that are capable of transforming the finance world. BBVA Open Talent Identity competition is around how technology can lead to huge improvements for customers and clients in everything from online safety and data protection to giving people access to banking and its services in the first place.

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

Source: BBVA Open Talent 2017

The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero
The World’s Biggest FinTech Challenge is Live! Apply for BBVA Open Talent 2017 to Become BBVA Open Innovation Universe Hero

Elena Mesropyan
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Elena Mesropyan

Elena is a Market Research Analyst at LTP. She is a research professional with a background in social sciences and extensive experience in consumer behavior studies and marketing analytics. She is passionate about technologies enabling financial inclusion for underprivileged and vulnerable groups of the population around the world.
Elena Mesropyan
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