{"id":125976,"date":"2018-05-09T08:59:44","date_gmt":"2018-05-09T12:59:44","guid":{"rendered":"http:\/\/www.thedetroitbureau.com\/?p=125976"},"modified":"2018-05-09T09:00:15","modified_gmt":"2018-05-09T13:00:15","slug":"bmw-launches-new-financial-tech-lab","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2018\/05\/bmw-launches-new-financial-tech-lab\/","title":{"rendered":"BMW Launches New Financial Tech Lab"},"content":{"rendered":"
\"\"<\/a>
Ian Smith, BMW Group Financial Services NA CEO, is one of the mentors for the new program.<\/figcaption><\/figure>\n

With the auto industry pushed by new and emerging technology, carmakers are re-evaluating and re-organizing every part of their business, including finance.<\/p>\n

BMW Group Financial Services in the U.S. has launched what it describes as an accelerator program named the BMW Financial Services Collaboration Lab 2018.<\/p>\n

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News You Can Trust!<\/figcaption><\/figure>\n

The new BMW accelerator will offer entrepreneurs, start-ups, and small businesses in financial technology and other fields with the opportunity to partner with BMW Group Financial Services to develop new technology and solutions that can benefit consumers, dealers and partners.\u00a0<\/p>\n

The BMW Financial Services Collaboration Lab 2018 will be run in partnership with L Marks, specialists in applied corporate innovation and early stage investors. It has worked with high-profile brands, including BMW, Arsenal FC, and Lloyd’s of London.<\/p>\n

(BMW profitability hits a bump in the road. <\/em>Click Here<\/a><\/span>\u00a0for the story.)<\/em><\/strong><\/p>\n

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The new accelerator will develop ideas for lease management of BMW's new vehicles, like the new X4.<\/figcaption><\/figure>\n

The accelerator will focus on areas named Digitizing the Customer Journey, Data Analytics and Insights, Building a Blockchain Strategy, Lease Returns and Life Cycle Management, and a Wildcard category for proposals that do not fit into one of the other categories. Submissions will be accepted from May 8 \u2013June 17.<\/p>\n

\u201cBMW Group Financial Services Collaboration Lab is designed to ensure\u00a0the\u00a0alignment and enhancement of our overall vision\u00a0of transforming how people access and enjoy personal mobility, today. This will have long-lasting effects on our business\u00a0and positively impact\u00a0our customers and dealer partners,\u201d said Ian Smith,\u00a0CEO of BMW Group Financial Services USA and Region Americas.<\/p>\n

\u201cBy working collaboratively with talented entrepreneurial\u00a0companies,\u00a0we will drive new thinking, explore new technologies\u00a0and develop pioneering solutions. We\u00a0will ensure that we continue to remain highly relevant and meaningful for our customers well in to the future. Collaboration is where innovation and implementation meet.\u201d<\/p>\n

(<\/em>Click Here<\/a><\/span>\u00a0for more about BMW\u2019s new iX3 electric vehicle.)<\/em><\/strong><\/p>\n

After the initial screening, the top competitor in each category will be invited to join a 10-week lab at BMW Financial Services\u2019 regional service center in Hilliard, Ohio, to further develop their ideas alongside leading subject matter experts in the automotive and financial sectors.<\/p>\n

\u201cThe BMW Group Financial Services Collaboration Lab is an exciting way to unearth and nurture talent and develop new solutions to some of the challenges the industry is facing,\u201d said Stuart Marks, chairman of L Marks.<\/p>\n

\u201cThe success of similar Collaboration Lab programs with BMW in the UK and Japan has already demonstrated the immense value of this program for all parties and has provided many new partners for BMW,\u201d he added.<\/p>\n

(For more on BMW\u2019s plans to up EV and AV spending,\u00a0<\/em>Click Here<\/a><\/span>.)<\/em><\/strong><\/p>\n

During the 10-week program, the selected companies will be situated in a collaborative environment, and will benefit from access to the BMW leadership team, industry experts, investment professionals, and business education programs. L Marks will also provide fundraising support.<\/p>\n","protected":false},"excerpt":{"rendered":"

BMW’s financial services arm in the U.S. has launched an accelerator program called the BMW Financial Services Collaboration Lab 2018 to develop new technology and solutions to benefit consumers, dealers and partners. Find out more at TheDetroitBureau.com.<\/p>\n","protected":false},"author":20009,"featured_media":124981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,5],"tags":[],"make":[36],"post-state":[],"category_old":[150,205,123,299,125,139],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/125976"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=125976"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/125976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/124981"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=125976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=125976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=125976"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=125976"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=125976"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=125976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}