Finweg has been selected as finalist of the BBVA Open Talent competition after presenting its platform of payment solutions on blockchain. The competition is aimed at discovering and strengthening the most innovative and revolutionary financial technology solutions.
The BBVA Open Talent is the largest FinTech competition worldwide, more than 800 startups from 90 countries have participated this year from which 56 finalists from BBVA’s main national markets have been selected (Spain, Argentina, Colombia, Mexico , Paraguay, Peru, Turkey, Uruguay and the USA)
It will be a pitching n September where Finweg will present its project to BBVA executives. After this phase, the final contest will take place at the BBVA Open Summit international event, where only a dozen startups will compete for the prize, an investment of 100,000 € through BBVA Anthemis Venture Creation Partnership. In addition, winners and finalists may enter the online acceleration program, supported by a BBVA mentor.
FINWEG AND ITS PLATFORM
Finweg, founded in 2018, develops new Electronic Payment Solutions on Blockchain technology to support financial institutions in the development and improvement of financial products and services.
For Finweg, being one of the selected startups and receiving the trust of a financial institution as consolidated as BBVA, is an important recognition in our platform, which supports all types of electronic payments of any country.
The platform provides important benefits to financial institutions such as: simplifying banking operations, eliminating risks and fraud, reducing compensation times, improving capital management and regulatory efficiency. On the other hand, customers also benefit from using a 100% electronic payment method with the security and efficiency provided by blockchain technology.