An artificial inteligence startup aiming to give everyone their own virtual personal financial advisor has been named as the winner of the 2017 BBVA Open Talent Competition.
Israeli high-growth outfit, Change, beat off strong competition from almost a thousand entries from dozens of country around the world to secure top spot in the world’s biggest fintech competition.
Change’s winning solution, based on artificial intelligence and robo-advisory capabilities, is designed to, as they put it, give everyone their own personal financial advisor.
The solution improves people’s financial lives by optimizing their bank accounts - so, for example, it allocates the right amount of money to ensure people pay their bills on time, or automating deposits into savings fund.
Change had previously won the Artificial Intelligence section of the BBVA Open Talent competition at Money 20/20 in Copenhagen.
The award was handed to Change CEO Yaniv Levi by BBVA’s Group Executive Chairman, Francisco González.
Change’s Levi and Assaf Priel added, “Firstly, I think that the whole Open Talent competition is an amazing process. We have been in touch with other global banks, but the engagement between BBVA and us was so deep, and so well connected that it made a huge difference.”
Contributed | what does this mean?