CaixaBank, a retail banking group based in Spain, announced on Monday it has formed a new partnership with global startup platform Plug and Play to help the continuous growth in the Spanish fintech sector. According to CaixaBank, the duo will promote new services for the banking and insurance sector through a collaboration program with startups, Barcelona Engagement Programme, which is the first innovation program involving Plug and Play in Barcelona.
While sharing details about the collaboration, Juan Antonio Alcaraz, CaixaBank’s Chief Business Officer, stated:
“The aim of the project is to strengthen innovation in key areas for the financial sector today, such as enhancing user experience or driving new business models. Thanks to its very early commitment to innovation, CaixaBank has been able to consolidate itself as an international pacesetter in technology, through a model of co-creation with third parties.”
Plug and Play’s Founder and CEO, Saeed Amidi, also commented
“We are very proud to form part of this project alongside CaixaBank. CaixaBank is a financial institution that has clearly shown its commitment to innovation, and is open to the ideas and contributions of third parties, with a focused objective to grow and improve user experience. This collaboration will demonstrate the quality of our services, and allow us to continue our path of growth in Spain.”
CaixaBank then added that the partnership with Plug and Play establishes the collaboration to locate innovative projects in the fintech sector that are set up in other parts of the world and to explore potential alliances.