Cambridge Blockchain’s Digital Identity Solution and Precognitive Win the BBVA Blockchain Open Talent Competition

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Precognitive and Cambridge Blockchain have been chosen by the jury of the BBVA Open Talent 2016 edition, among the 20 finalists who have competed in the final of USA and rest of the world edition. 

Christina Anderson from BBVA writes:

Cambridge Blockchain and Precognitive won 30,000 euros as part of their victory at Open Talent, a global contest sponsored by Madrid-based BBVA to identify the talent and ideas that will transform the world of finance. Cambridge Blockchain, founded by Matthew Commons in Boston in April 2015, is an identity management platform for financial institutions that eliminates redundant compliance steps while improving the customer experience. Precognitive is fraud prevention technology for electronic devices that combines artificial intelligence and behavioral analytics to detect and prevent fraud in real time. It was founded by Sam Bouso in Chicago in January 2016.

The jury heard the pitch of the 20 finalists to complete its evaluation and choose the final two winners. The finalists presented their projects to the New York Next Money audience.

Cambridge Blockchain, founded by Matthew Commons in Boston in April 2015, is an identity management platform for financial institutions that eliminates redundant compliance steps while improving the customer experience.

“Cambridge Blockchain and Precognitive underscore what this competition is all about,” said Head of Open Innovation and Open Talent for BBVA Marisol Menéndez. “The ideas behind their companies are interesting and hold great promise for the world of finance. We’re ready to work with them to explore the opportunities that we hope will help transform the industry.”

Cambridge Blockchain and Precognitive were chosen by a panel of five executives representing different units within BBVA. Judges included BBVA Compass Chief Information Officer Gabriel Sánchez Iniesta, BBVA Compass Head of Business Development Pepe Olalla, Propel Venture Partners Senior Partner Ryan Gilbert, BBVA Head of UX Strategy and Partnerships Sanjay Shamdasani and Menéndez.

”Both winners showed great understanding of today’s digital environment,” Sánchez Iniesta said. “Fraud prevention is a core competency in any bank’s digital transformation, and exploring the possibilities of the blockchain is considered just as critical.”

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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