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Fintech

Fintech

The finalists of the 8th edition of the BBVA Open Talent contest were also announced today. They will compete in three separate finals in Mexico, London and New York in September.

Startup Musoni and its microfinance solution won the BBVA Open Talent 2016 special Financial Award. Musoni has developed a system that leverages technology to help financial institutions optimize their microfinance services, boost efficiency, improve cost-effectiveness and broaden their reach in rural areas where most of the population remains unbanked.

In August, the whole world will turn its eyes to Brazil, and not only because of sporting events that will be taking place. The country’s security, facilities, resources and problem-solving skills will be held to close scrutiny, especially in its position as emerging economy in the midst of a profound political and economic crisis.

In June international experts touched down at the Innovation Center in Madrid to talk about the fintech revolution. All concurred that the digitization of traditional banking gives a great impulse to the fintech sector, which is experiencing a historical moment.

He was working on a video platform when he realized how difficult it was for Mexicans to sign up to pages and see contents, in the style of Netflix. He pinpointed the problem: around nine out of every ten users cannot access subscriptions because they don't have a credit card. Why not create an online platform to make small loans? Adalberto Flores is one of the 33 Mexican innovators interviewed for the eBook Hablan los protagonistas ( The Key players speak).

For Chileans, stars have become a valuable natural resource, capable of attracting millions in investments in the shape of the most advanced astronomical observatories, which have populated the arid Atacama desert landscape little by little. Thanks to them, scientists from across the world can enlighten humanity with their discoveries about galaxies, exoplanets and different interstellar events.

We talked to Johan Lorenzen (Holvi's CEO) during the Fintech University conference which featured his startup as one of the examples of the possible relationship between fintechs and the traditional financial sector.

In the world of programmers there is a new much talked-about language: Python. This is a type of programming language (a set of symbols and syntactic and semantic rules needed to develop programs that control a machine's physical and logical behavior) that aims for simplicity, versatility and swift development, whose name is inspired by the group of English comics “Monty Python”.

On July 1, the Council of Ministers approved a decrease in the line of participatory loans to projects of technology companies of 18.6 million euros, from the 20.4 million euros originally envisaged in the Council of Ministers of April 29 to 1.7 million euros in the end. A reduction by implementing the agreement of lack of availability of credits in the 2016 State Budget amounting to 2 billion euros.

Below is a timeline illustrating the BBVA Chile Group’s main milestones. In its 18 year history in the country, the Group stands out for its innovative capacity, growth and state of the art financial products and services. This has allowed the Group to make millions of people's and companies’ lives easier and has also helped make their dreams and projects a reality.

Check it out!