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Fintech

Fintech

The first regulatory sandbox, or testing environment, is already taking its first steps. Rolled out in the UK last year, it has just announced the 18 startups, with projects that range from finance, to debt management, insurtech or blockchain, that have been admitted to take part in the pioneering development program.

woman business mobile smartphone resource bbva

In 2015, one in every 10 adults started using mobile banking only in the United States, which represents that the mobile customer base increased by 25 million users. But these numbers are not by any means likely to stay like that, because it is estimated to be a booming market: Consumers have purchased 28 million smartphones and 29 million tablets, suggesting that the niche of potential customers should be huge. But, how can they be won over?

BBVA leads the ranking of the 11 banks and fintech firms developing the best open platform strategy, according to 11FS. The fintech consulting firm notes that BBVA “has taken the bull by the horn” by making a wide range of APIs available to developers through the BBVA API Market.

How can it help a company to take inspiration from the hacker culture? Breaking the established models can generate new channels toward change. The consultant Carmen Bustos believes it is essential in this new digital age to reinvent yourself and to encourage curiosity and capacity for action within an organization.