Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Bankia, S.A.    BKIA   ES0113307062

BANKIA, S.A.

(BKIA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 12/01 01:44:09 am
1.467 EUR   +1.80%
11/27Spain's BBVA and Sabadell end tie-up talks, TSB up for sale
RE
11/27Spanish Lenders BBVA and Sabadell Abandon Merger Talks -- Update
DJ
11/27BBVA, Sabadell Ditch Merger Talks
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Bankia S A : Fintech by Innsomnia launches its sixth call for proposals with new challenges for designing the bank of the future

10/21/2020 | 11:40am EST
  • This challenge will adopt a new format focused on specific areas of banking strategy, including both the impact on the business and the organisation and the social commitment of the entity
  • Cybersecurity, Open Banking or the Contribution to Sustainable Development Goals are just a few of the seven areas that will be the main of the 6th edition of this technological challenge
  • Another of the novelties found in this edition will be the creation of a prior mentoring phase for all registered participants, through a pool of hours with the programme's experts with the aim of guiding the applications
  • The registration term for this 6th edition will remain open until 30 November, date on which the selection process will begin for the projects that will be able to access the Bankia Fintech by Innsomnia acceleration programme

Bankia Fintech by Innsomnia opens the doors of its 6th edition, a new call for proposals that will bring together the best projects for bank digitalisation in the national and international sphere. In this way, the largest fintech acceleration programme in Spain keeps pace to launch its call in 2020, and this time its main novelty will the implementation of a format of specific challenges for the various areas that will define the banking sector of the future.

The start of this 6th edition will keep the challenge structure open for startups, incorporating the approach of seven challenges for which the technological solutions with the greatest potential will be sought: Open Banking, Cybersecurity, Contribution to Sustainable Development Goals (SDGs), Quantum Computing, Future of Health and technologies with high potential in banking and finance sectors, such as Virtual Reality or Augmented Reality.

The choice of these thematic blocks responds to the strategic objectives set by Bankia for a true transformation in the sector, with an impact on the areas of business, organisation and social commitment.

Participants may submit their application on the bankia.innsomnia.es platform until 30 November, the date on which the scouting process will be closed and the selection of projects will begin.

As in previous calls, the winners will be able to join the acceleration and mentoring programme of Bankia Fintech by Innsomnia, which will include training sessions and follow-up by more than 30 business area managers, presentations at 10 international hubs and the possibility of accessing an investment fund of more than 20 million euros, specially created by the bank to promote fintech projects developed by startups and scaleups.

Another of the novelties found in this edition will be the creation of a prior mentoring phase for all registered participants, through a pool of hours with the programme's experts with the aim of guiding their applications. In addition, the winning startups will have the possibility of accessing an innovative fast track itinerary, thanks to which they will be able to integrate into the Bankia structure in record time to realise their full potential.

'The sixth call for proposals starts with even more excitement that the previous editions, if that is in anyway possible. This is an edition focused on very specific challenges for present and future times, in which we hope to attract the best projects and teams to, along with them and in the current and future framework of Bankia, build value solutions for our customers that result in a real benefit for the companies that accompany us, thus continuing with the win-win collaboration model that has characterised us throughout all these years', highlights Ignacio Cea, Bankia's corporate director for Strategy and Technological Innovation.

'The way in which this technological competition links the startups ecosystem to one of the largest banks in Spain remains unique. The experience gained over the years has shown us that there is room for both the most disruptive ideas and more mature and previously tested projects, which thanks to this initiative have the opportunity to develop their full potential in a real business environment and together with professionals with vast experience in growing startups focused on fintech and insurtech', says Francisco Estevan, CEO of Innsomnia.

A bridge between innovation and business reality

Since its launch in 2016, Bankia Fintech by Innsomnia has established itself as the largest fintech acceleration programme in Spain, with more than 500 applications submitted and 65 accelerated projects throughout its first five editions. The impact of this programme has crossed borders, with more than 20% of selected international startups coming from 25 different countries.

The growth and mentoring process accessed by the successful companies has also generated a unique innovation laboratory, as Estevan explains: 'The lack of funding, the integration of the project into the real dynamics of companies and institutions and the extension of the time to market are some of the main barriers for startups that develop solutions for the financial sector. Through Bankia and Innsomnia's commitment to acceleration and incubation processes, we have helped many great ideas shape into products and services with great value for companies, but also for entrepreneurs and other citizens'.

Registration for the 6th Bankia Fintech by Innsomnia edition: https://bankia.innsomnia.es/

Disclaimer

Bankia SA published this content on 15 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 15:39:05 UTC


© Publicnow 2020
All news about BANKIA, S.A.
11/27Spain's BBVA and Sabadell end tie-up talks, TSB up for sale
RE
11/27Spanish Lenders BBVA and Sabadell Abandon Merger Talks -- Update
DJ
11/27BBVA, Sabadell Ditch Merger Talks
DJ
11/26BANKIA S A : and SIA launch the 'Fraud Prevention Summit' to help companies figh..
PU
11/24BANKIA S A : emphasises that merger with CaixaBank will create value for shareho..
PU
11/20BANKIA S A : José Sevilla highlighted that the merger with CaixaBank would allow..
PU
11/18BANKIA S A : The rating agency Fitch Ratings affirms Bankia´s “A+” m..
PU
11/18BANKIA S A : to hold a meeting with shareholders to explain the merger agreement..
PU
11/17Sabadell Trades Higher, BBVA Lower as Merger Talks Revealed
DJ
11/16PNC Deal Highlights Challenges of U.S. Market for European Banks -- 3rd Updat..
DJ
More news
Financials
Sales 2020 3 047 M 3 643 M 3 643 M
Net income 2020 149 M 178 M 178 M
Net Debt 2020 - - -
P/E ratio 2020 28,7x
Yield 2020 0,19%
Capitalization 4 377 M 5 231 M 5 234 M
Capi. / Sales 2020 1,44x
Capi. / Sales 2021 1,44x
Nbr of Employees 16 035
Free-Float 37,2%
Chart BANKIA, S.A.
Duration : Period :
Bankia, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANKIA, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 1,32 €
Last Close Price 1,44 €
Spread / Highest target 31,9%
Spread / Average Target -8,43%
Spread / Lowest Target -51,4%
EPS Revisions
Managers
NameTitle
José Sevilla Álvarez Chief Executive Officer & Executive Director
José Ignacio Goirigolzarri Tellaeche Executive Chairman
Antonio Ortega Parra Executive Director, GM-People & Resources
Jorge Cosmen Menéndez-Castañedo Independent Non-Executive Director
Joaquín Ayuso García Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BANKIA, S.A.-24.26%5 231
JPMORGAN CHASE & CO.-13.04%369 503
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED-22.17%275 465
BANK OF AMERICA CORPORATION-17.69%250 786
CHINA CONSTRUCTION BANK CORPORATION-11.29%199 469
CHINA MERCHANTS BANK CO.. LTD.19.98%174 181