SnapSwap won the Open Talent Competition focused on identity, sponsored by the Madrid-based BBVA, which was held at the K(NO)W Identity Conference in Washington D.C. The conference provided a forum for identity experts across all industries to be at the nexus of ideas and policies that will fundamentally change identity around the world. Main topics of this year's event were biometrics, blockchain, identity access management, fraud prevention and identity verification.
The BBVA Open Talent Competition sought for innovative identity companies that would help BBVA achieve the goal of transforming the world of banking. SnapSwap prevailed against 9 other start-ups (chosen among of more than 200 participants) and won 30,000 euros. The judges all agreed that “SnapSwap is one of the most promising fintech startups in the world of identity".
Furthermore, this victory includes an invitation to the Open Talent Global Summit and Immersion Week held in October at the BBVA Group headquarters in Madrid. In addition to time spent networking and collaborating with BBVA executives, a final winner who will be chosen out of seven key areas will win 50,000 euros.