BMW is Getting into Fintech

“BMW Financial Services is setting up an innovation lab and accelerator programme to find startups that can bring fresh perspectives to vehicle financing and insurance.

Run in partnership with corporate innovation firm and investment fund L Marks, BMW says it wants to attract young companies with disruptive technologies that can be used to speed up development of new financial services products and bring them to market faster.

Mike Dennett, CEO, BMW Group Financial Services UK, says the lab will ‘allow us to explore customer-focussed initiative from young, energetic and talented small companies, while at the same time offering them the chance to gain exposure to a range of experienced mentors and potential investors'”

Read Full Article at Finextra