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Fintech

Fintech

 - Openpay is a Mexican startup that offers an advanced platform of physical and electronic payments for businesses. Created with software developers in mind, the platform offers a wide range of online payment solutions and functionalities, outstanding among which are its sophisticated anti-fraud models.

Currently, Openpay has a network of more than 15,000 payment reception points in Mexico, connected in real time through its Paynet network, and manages more than one million transactions a month. The Openpay platform is used by more than 1,000 businesses in Mexico, from startups to SMEs and large corporate clients.

- The synergies between BBVA Bancomer and Openpay will multiply the commercial capacities of both companies, complement their catalogue of products for corporate clients and allow them to strengthen their payment solutions.

- BBVA Bancomer supports the entrepreneur ecosystem through its Innovation Center and propels fintech companies with its Open Talent (OT) competition. It also promotes direct associations with startups to validate their business models and offers financial services to benefit customers. Openpay was a finalist in Open Talent 2015, in an event that involved 652 projects from 63 countries and close to 200 experts.

From medicine to finance, large-scale data processing technologies are already starting to deliver on their promise to transform contemporary societies. Far-reaching social changes don’t take place overnight. Little by little, they become part of our daily life, until their revolutionary nature dissipates. Years ago, hybrid cars started turning people’s heads. Today, electric cars are becoming less of a rarity  – at least in larger cities.

The scam involves both customers and ATMs. Two or more people stand behind the victim, while he or she withdraws cash from the ATM. First, they try to see and memorize the PIN number or password for the victim’s card.

This year BBVA has evolved its Open Talent competition to make it the biggest fintech focused event in the world. In addition to running a catch-all global trends competition to find the very best in banking innovations, BBVA is also holding a series of specialist competitions to find solutions to some challenges and indeed, opportunities the industry is facing.

We are looking for startups based on an identity-related topic that are capable of transforming the finance world

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Four words can be said to summarize contemporary society: sustained exponential technological progress. Technology advances with giant steps:  4G will give way to 5G; in 2020, drones will fill the skies and objects will be more connected than ever. Countries around the world will compete to see which is the most digital and innovative, a race in which the Nordic nations have taken an early lead.