Fintech
Fintech
Garanti BBVA held the Turkish round of the world’s largest fintech competition, BBVA Open Talent, for the fourth time at the Impact Hub in Istanbul. Five startups reached the finals of the event, which encourages innovating businesses to submit cutting-edge creative projects that contribute to financial technology. Pisano was the event’s top prize winner and as such has qualified to attend the BBVA Open Summit in Madrid on October 24.
We recently caught up with Open Platform’s CEO, Abhishek Gupta, to discuss the benefits of open banking, Banking-as-a-Service, and why they have the power to transform the delivery of services across a wide range of industries in the US. Following are the highlights from our conversation with him.
The digital onboarding process based on biometric identification technologies, which is already available in Spain, will now reach other countries thanks to the reuse of globally designed components.
As part of the European directive PSD2 (the Revised Directive on Payment Services), banks and other payment providers will have to implement strong customer authentication, a mechanism designed to enhance the technical requirements for identity verification. Edward Corcoran, Senior Manager for Regulation and Internal Control Area at BBVA , sheds light on what strong authentication is and what its impact will be.
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Edward Corcoran
The financial industry’s current environment of continuous innovation requires a more sophisticated approach to balancing public policy objectives. Lucia Pacheco, Regulation and Internal Control Manager at BBVA, explains the impacts of the big tech entry into finance.
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Lucía Pacheco
BBVA has today unveiled the set of national finalists in the eleventh edition of BBVA Open Talent - the world’s biggest fintech competition.