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  HOME | Uruguay

BBVA Seeks to Encourage Uruguay’s Fintech Sector

MONTEVIDEO – Spanish banking giant BBVA urged Uruguayan start-ups in the financial technology sector on Tuesday to participate in BBVA Open Talent 2018, an international competition involving more than 80 countries.

“What we are looking for is people and companies with disruptive ideas that make customers’ lives easier,” BBVA CEO in Uruguay Antonio Alonso Granada told EFE, adding that the project is “part of the bank’s global strategy to lead the transformation of the financial industry.”

The competition – which will be divided into three categories, namely, Fintech for Future, Fintech for People and Fintech for Business – will award prizes worth 50,000 euros ($61,074), as well as a chance to participate in a “week-long immersion” at BBVA’s Madrid headquarters.

During the presentation event in Montevideo, the bank launched an “Open Talks” session, featuring user experience expert Juan Andres Menendez and Uruguayan entrepreneur Joaquin Batista.

Batista told EFE that his Sofia start-up – a virtual assistant that connects to a banking application programming interface to help customers conduct transactions – will be nominated for BBVA Open Talent 2018.

“We believe it’s a pretty good opportunity,” he said. “Not only because of the prize, which would be a nice amount of money to help us keep developing our solutions, but also because it provides the opportunity to travel across the ocean to present (Sofia) at European events.”

The project submission deadline is May 3.

 

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