BBVA has launched a match-making platform that helps fintech startups get in touch with business units at the Spanish bank that might benefit from their products and services.
The Open Marketplace already has 150 members, which can use a search tool, a directory of profiles and a smart match-making system to connect with BBVA business units. Similar to a dating app, startups and bank units create profiles and then set out what they need and can provide. The system then looks for good matches.
When there is a match, the startup and BBVA unit can use the platform to begin working together, formalising their relationship and tapping virtual co-working spaces to work on proof-of-concepts.
Elena Alfaro, head, data and open innovation, BBVA, says: "The new platform provides companies with the potential to change the future of banking the opportunity to work on real problems that face the sector on a day-to-day basis and to work together with BBVA's experts to find solutions."