BBVA API Market
The new competition organized by BBVA, InnovaChallenge MX, will be inaugurated on October 20, where the bank will release anonymous information on commercial transactions with its customers and aggregated information, involving some of the largest cities in Mexico.
This will be done by opening a dataset exclusive to the competition on October 20. However, whoever wants to pre-register and access the documentation to become familiar with it can do so now to save time. On October 20, users will be able to access the API that BBVA will place at the disposal of the participants, containing data that can be cross-referenced with other data sources and APIs.
You can access the competition from here.
Open banking is driving the development of new apps that are integrated into company platforms, all in an effort to offer banking services to customers. Thanks to APIs, any banking operation, such as opening an account, can be done without the need to exit an application.
Open banking has changed the financial paradigm as we have known it so far. The widespread use of new digital platforms, connected devices and technology consumers has led to a boom in business opportunities for every company, many of which are already leveraging their benefits as much as possible.
The digital transformation has not been fully implemented in the automotive sector yet, at least not as quickly as in other distribution sectors. APIs can be this sector's best ally by speeding up its digitization, especially in those areas involving the purchasing process.