Cashaa at BBVA Open Innovation Summit 2018
Cashaa at BBVA
It’s been glorious years for Blockchain giant, Cashaa that in a short span of time established itself as a brand in the payment industry! Being recognized for its innovative solution for making banking more profound, Cashaa made its way to finals in the “BBVA Open Talent challenge”, the biggest Fintech competition in the world thereby, qualifying for the “Fintech for People” award, one of the main awards!
BBVA abbreviation for Banco Bilbao Vizcaya Argentaria is a multinational Spanish banking group and so far the second largest banking chain in Spain. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999 The company is a constituent of the IBEX 35 and Euro Stoxx 50 stock market index.
In the year 2007, it took notable initiatives to bring digitalization in the banking sector. Following implementation, it saw a 19% year-on-year increase in new customers. As of 2015, the total number of these clients stood at 14.8 million.
Recently, the tenth edition of BBVA Open Talent challenge was held on 16th and 17th October 2018 in Madrid, Spain to bring out the most innovative solution providers in the financial sector and thereby serve as a platform for startups from over 80 countries.
Among top 6 finalists, Cashaa made its way to the “Fintech for People” award this year. Janina Lowisz, Co-Founder & VP Marketing, Cashaa represented Cashaa during two pitch sessions for the final stage of the competition as per the following schedule:-
16 October, 14:09 CEST, and 17 October, 9.55 CEST at Casino de Madrid, Calle de Alcalá, 15, 28014 Madrid, Spain
It was a cut short competition among the pioneers of the finance industry. As per results, the following titles were awarded:-
Sedicii, a global identity network that enables real-time identity updates from trusted identity providers (governments, banks, telco’s, utilities), ensuring that businesses can react quickly to new information won the title of “Fintech for Future”
ChargeAfter, the first global network serving as a complete solution provider for the point of sale financing. Its disruptive technology enables merchants to offer their consumers instant, seamless financing from multiple lenders upon checkout. As per potential Market, the financing at a point of sale market size is $400B in the US alone, with a global potential of $6T. It won the title “Fintech for People”.
Dunforce, known for its effective software that predicts when an invoice will be paid and automates its collection. Its algorithm powered by machine learning predicts delays of payment and adapt the dunning plans by collecting information directly from any ERP or simply by email won the title “Fintech for People”
Such an exposure and making its way to the finals is impressive for Cashaa that is working exceptionally well since its inception into the banking industry. It is constantly working towards creating a better bank, challenging legacy banking by providing app-based single sign-in that enables easy storing, saving, spending, receiving, borrowing and getting insured, with the simplified user experience in a legally compliant way.
Thus, Cashaa aims to become a one-stop-shop for all financial needs.
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