SnapSwap presents a model solution for digital customer onboarding for Bankia allowing for opening new bank accounts in a mobile application via fully automated process. The solution was developed under Bankia Fintech, the largest open innovation project in Spain promoted by Bankia and managed by Innsomnia. The Demo Day takes place on June 25th in the headquarters of Bankia. SnapSwap and other participating startups pitch in front of the top management of Bankia, including members of the administration council and the CEO of the bank, José Ignacio Goirigolzarri.
The program focuses on the incubation and acceleration of financial technology service projects. Since the launch of the accelerator program, 194 startups have applied and 30 projects were selected by Innsomnia.
Bankia is the fourth largest bank in Spain, consolidating the operations of seven regional savings banks. Bankia provides banking, insurance, investment and asset management services for individuals and businesses on both, domestic and international markets.
Born in 2016, Insomnia is the first incubator and start-up accelerator in Spain. Innsomnia is business digitizer that works in five major fields: fintech, insurtech, industry 4.0, navy and agriculture. Innsomnia aims to connect start-ups and companies in a short period of time, and allowed many start-ups to become technology-based SME in a few years only.