Luz Fernández Espinosa
Periodista especializada en temas digitales. Fintech es mi nuevo karma.
Creating global products is one of the keys to BBVA’s transformation and represents one of its main challenges to becoming a digital company. The goal is to develop solutions that incorporate the Group’s best practices and whose components can be reused. In doing so, the bank is more efficient, can go to market more quickly, and creates a single user experience across the bank’s operating countries.
06 Feb 2019
BBVA’s commitment to technology has translated into an increase in the number of digital customers, which now represent more than 50% of the bank’s total customers, as well as climbing digital sales, now comprising 41% of all sales. But this digital journey means much more. Digitization has also contributed to greater customer satisfaction and a diminishing drop-out rate – 47% lower among digital customers.
29 Jan 2019
Google recently obtained a payment license in Ireland and Lithuania in order to offer payment services. Alipay, the financial division of Alibaba, received a similar license in Luxembourg. Facebook has had one since 2017. These licenses open the door to Internet giants operating as payment service providers across Europe, allowing them to manage card payments and transfers, for example. Is this merely the first step to them becoming banks?
21 Jan 2019
Obsessive Compulsive Disorder is a neurologic condition that causes people suffering from it to be dominated by anxiety and develop unwanted thoughts that they cannot get rid of. Researchers at the Universidad Carlos III are applying artificial intelligence techniques to detect which brain areas are affected by this disorder. Emilio Parrado, a data scientist at BBVA was one of the researchers that took part in the project and explains how machine learning can bring huge improvements to any activity, including finance.
03 Jan 2019
14 Dec 2018
If December is the month with the highest sales for traditional shopping, for the last two years November has become the star of Internet shopping. The recent phenomenon of Black Friday brings forward by one month the arrival of Christmas to online shopping, according to a study by BBVA Data & Analytics and BBVA Research.
17 Oct 2018
Boundaries between sectors are quickly disappearing in the fintech world – a trend also apparent in efforts to innovate. With this in mind, the second edition of Open Summit is exploring different ways in which startups and corporations can work together. “At BBVA we want to turn the magic of startups into products that reach our customers,” Derek White, the head of Client Solutions, said at the opening session of the event.
29 Aug 2018
Luisa Gómez Bravo, Global Head of Investment & Cost Management BBVA Group.
Luisa joined BBVA almost 20 years ago. During this time, she has held various positions in the bank, moving up to become the main financial head overseeing the Group’s investments and spending and, specifically the ‘Single Development Agenda’ (SDA).
She studied at ICADE and graduated with degrees in law and business administration. She lived in London for several years where she worked for American investment banks. Her view of BBVA is that it has always given her the opportunity to learn and develop. “That’s my main motivation.” she states.
Passionate about her job, she gets excited when she talks about the new way of working – using agile methodologies in small, multidisciplinary teams with quarterly product deliveries that enable fast results. “It’s exciting because your effort becomes tangible” she remarks when interviewed about the implications of the new management approach, which prioritizes resources on a global level according to the impact each project could have on BBVA’s business.
09 Aug 2018
Three and a half years ago when BBVA acquired Madiva, a small company dedicated to big data, no one could have imagined the impact it would have on the group. In that time, the 16-employee strong startup has shown how the use of non-financial data can translate into new business, sales, and customers.
25 Jul 2018
29 Jun 2018
07 Jun 2018
Consensus, the Coindesk conference held a week ago in New York, once again showed expectations generated by blockchain and cryptoassets are at their height. More than 8,400 professionals and investors attended the event, which last year had 2,200 visitors.
17 Apr 2018
Kai-Fu Lee, founder of the venture capital fund, Sinovation Ventures, is as popular in China as Elon Musk is in the west. With 50 million followers on “China’s Twitter,” the social network, Weibo, he was dubbed by Wired as the indisputable rock star of China’s technology scene.
09 Apr 2018
What happens when an artificial intelligence system recommends a movie or a restaurant? Or a financial product? To what extent can an algorithm get to know people? These and many more questions were raised during the presentation of the BBVA’s Data and Analytics project ‘RecSys, a recommendation in the era of machine learning’, which brought together experts from diverse fields (cinema, design, law and gastronomy) to discuss how society is changing with the arrival of these technologies.
21 Mar 2018
What happens when you choose a restaurant on the Internet? Or when you want to buy a book? Or find a song? Or get hooked on a new series? BBVA Data & Analytics in a new item for dissemination explains how the different recommendation systems used by Amazon, Netflix, and Spotify work and how they will extend beyond the consumer and entertainment sectors.
08 Jan 2018
The year 2018 looks to be a crucial one for the entire blockchain ecosystem and distributed ledger technologies (DLT). Beyond the speculative rage that cryptocurrencies have ignited, this year is expected to bring a certain maturity to the market. Here are seven predictions from three BBVA experts regarding the challenges of the new decentralized economy, featured in the specialized news website Criptonoticias.
18 Dec 2017
BBVA has been recognized as one of the corporations doing the most to support startups in Europe. Startup Europe Partnership (SEP), an initiative established by the European Commission to support new companies in the technology field, praised BBVA’s open innovation strategy and included the bank in its ranking of the top “12 Corporate Startup Stars.”
27 Nov 2017
BBVA, in collaboration with Wave, conducted the first pilot that uses blockchain to automate the electronic submission of documents in an import-export transaction between Europe and Latin America. Thanks to Wave’s solution, which uses Distributed Ledger Technology (DLT) and blockchain, BBVA was able to reduce the time required to send, verify and authorize an international trade transaction, which normally takes from seven to ten days, to just 2.5 hours.
21 Nov 2017
Big Data Spain brought together more than 1,200 specialists in data analysis and science in Madrid for two days, during which it was made clear how this technology can bring a new dimension to any area: from marketing to user experience to economic and geopolitical analysis.
05 Jul 2017
Four years ago, BBVA took on the challenge of turning professional technical profiles into data scientists, launching the first edition of ‘From Data Mining to Data Science’. Since then, more than a hundred employees have completed this training program that aims to build up in-house knowledge in new tools and techniques that will allow the bank to deliver on its goal to become a data-based corporation.
24 May 2017
29 Mar 2017
Nearly 200 BBVA employees, from both global and local teams, met on March 21st in Madrid for the Second Global Quarterly Planning Session. The goal of the event was to expedite the execution of the products and services the bank is developing, converting them into customer experiences. Global Executive Chairman Francisco González participated in the session, indicating that “BBVA has a unique opportunity to be one of the big ‘players” in the global financial system.
08 Mar 2017
Wanted: entrepreneurs, CEOs, mathematicians, scientists. The fintech world needs more female talent. This is the irrefutable conclusion of the many different studies on the subject. Experts say it isn’t simply a question of numbers. There are also much more profound factors that could benefit industries such as the fintech sector. Given their influence in the global economy, women can help develop specific products and solutions for needs that have not yet been identified, or sufficiently explored.
28 Feb 2017
BBVA became a founding member of the Enterprise Ethereum Alliance (EEA) today. This new international initiative seeks to share best practices and create standards and reference architectures based on the Ethereum platform, taking advantage of the benefits blockchain technology can offer the corporate world.
17 Feb 2017
BBVA’s bank in Turkey, Garanti Bank, has developed an interface that lets customers perform transactions on their app by speaking to it. Efma recognized Garanti’s mobile voice assistant MIA, naming it the innovation of the month.
10 Feb 2017
The UN has declared February 11th the International Day of Women and Girls in Science to promote female scientists and engage women in engineering, research, mathematics and technology. In celebration of this day, BBVA explains its passion for numbers in hopes of inspiring new generations.
09 Feb 2017
BBVA leads the ranking of the 11 banks and fintech firms developing the best open platform strategy, according to 11FS. The fintech consulting firm notes that BBVA “has taken the bull by the horn” by making a wide range of APIs available to developers through the BBVA API Market.
07 Feb 2017
Of the 1,586 craters in the Moon named after scientists, only 28 of them have been named after a woman. A revealing figure to kick off the Women in Data Science (WiDS) event in Madrid, organized by Stanford University to promote women’s work in a new field that is disrupting industries across the world.
19 Jan 2017
16 Dec 2016
Blockchain technology is presented as a veritable revolution, which is going to have an impact comparable to the Internet. Alicia Pertusa, head of Digital Transformation in Investment Banking for BBVA and Carlos Kuchkovsky, CTO of New Digital Business for BBVA, discuss in this conversation the point at which this technology is at, its advantages and the barriers that still have to be overcome.
28 Nov 2016
The banking business is reinventing itself. The impact of fintech companies, technological maturity, and customers who are used to digital experiences, all mark a transformation that the financial industry is facing in the certain knowledge that innovation and collaboration with new players will play an important role in the future. But what are the most difficult barriers to overcome in this process? For BBVA Research, Santander, Banorte and Tecnocom, all present in the panel on The digitization of commercial banking at the Latibex Forum, the response is clear: the challenges are regulation and the change in corporate culture.
18 Nov 2016
The newspaper Expansión has given prominence to BBVA’s open innovation strategy in the second edition of the awards for the “50 best digital ideas”. The intention of these awards is to recognize the efforts of Spanish companies and institutions to adapt their processes and services to the new digital economy.
16 Nov 2016
Smart contracts have been an impossible dream since the 1990s, but now blockchain technology has breathed new life into this concept aimed at automating contractual relations between people or machines without the involvement of a trusted intermediary.
26 Oct 2016
10 Oct 2016
Anthony Thomson, founder of Atom Bank, is absolutely clear about his career goal: He wants to redefine customers’ everyday relationship with money, he wants to improve it. He is aware that the financial sector is in the midst of a revolution marked by an unstoppable wave of disruption. “The first change is that money is data and data are the main product of our business” he said during his address in South Summit, where he unveiled three essential challenges that all companies must face to survive in this paradigm shift.
07 Sep 2016
Startups and traditional banks come from two very different worlds. But as financial startups begin to play a bigger role in the financial sector, some banks may struggle to relate to the young and dynamic startups. This is not the case for BBVA, which has been engaging with talented entrepreneurs through its BBVA Open Talent contest for the past eight years. The finals will take place this month in Europe, Latin America and the United States (including rest of the world).
26 Aug 2016
Artificial intelligence (AI) made the leap from science fiction to the corporate world some time ago. Amazon and Netflix use it routinely to make purchasing recommendations, iPhone users speak to Siri every day, and banks give investment advice or calculate risks thanks to these technologies. But these are only the first hesitant steps of AI, which is due to have a major impact on the financial sector, as revealed in this report in the magazine Euromoney, and featuring an interview with Marco Bressan, Chief Data Scientist at BBVA.
01 Jul 2016
In the U.K., all-mobile bank startups, requiring only a smartphone or a tablet to access all the features, are the talk of financial services. Mondo raised £1 million in 96 seconds on Crowdcube in March and Tandem got a U.K. banking licence at the end of 2015. While it’s still early days for the concept, the quality of the people behind them, the strong funding and the innovative product suggest they’re going to become a permanent feature in Britain’s banking landscape.
29 Jun 2016
BBVA Open Talent has consolidated its position as a global leader of fintech competitions, with startups competing from 77 different countries in this year’s edition.
23 Jun 2016
Paykey, an groundbreaking system that allows making safe payments through the main social networks using a special keypad that has to be downloaded in the smartphone, is the winner of the Special Wired Money Award, a prize awarded by BBVA Open Talent, BBVA’s fintech entrepreneurship support program.
The biggest names in fintech gather at MoneyConf’s Madrid event Transferwise, Number26, Atom, Taulia, Dwolla, Carto DB or Earnest were joined by with fund and bank representatives that attend these events looking for potential business prospects. There we learnt about five common mistakes startups should avoid when approaching a possible investor.
22 Jun 2016
Wired Money, Together with BBVA is opening its doors at the British Museum in London the same day the British will vote in the referendum. While they decide whether the U.K. will remain in the EU, fintech firms will once again be in the limelight in the capital at an event on “innovation and new ways of thinking” in the words of Greg Williams, Deputy Editor of British edition of WIRED and curator of Wired Money.
14 Jun 2016
The possibility of obtaining more efficient algorithms than people is not science fiction. It’s an area of work that has recently been making major progress and is now being applied to the financial industry, as confirmed at the roundtable on artificial intelligence and machine learning at the last IIF Spring Meeting’s, held in Madrid and sponsored by BBVA.
13 Jun 2016
Only 26% believe that organizations and businesses comply with personal data protection regulations, according to Vodafone Institute’s report, presented during the ‘Big Data: Limitless opportunities?’ forum, co-organized by El País and Data Pop Alliance. Although in general terms, Europeans are wary about how organizations use their personal information, 36% of respondents said they trusted banks, compared to the 16% and 11% that said they trust search engines or social networks, respectively.
23 May 2016
Regtech is the new concept that is revolutionizing financial technology. Regtech is paving the way for a new wave of startups that, leveraging technologies such as cloud computing or big data, are looking to save banks a lot of the time and resources they devote to ensure regulatory compliance.
04 May 2016
BBVA is betting big on open platforms and BBVA API Market is, as of today, the clearest example of this strategy. The portal – through which developers can access BBVA’s APIs – is still in a pilot stage and, for the time being, is available by invitation-only for users from Spain and the United States. The purpose is to offer other companies a way to leverage BBVA’s capabilities to build their services.
23 Mar 2016
Spain is a country of self-employed. This is confirmed by data from the Ministry of Industry: 1,050,714 people work under the tax category of “natural person”. To this figure can be added microcompanies with no employees –taking the number to 1.6 million–, and this total represents over half the SMEs in Spain, which make up 99.9% of the Spanish company fabric.
25 Feb 2016
Big Data is once again the hot topic of Barcelona’s Mobile World Congress. The challenge no longer lies in how to analyze vast amounts of data to give us a global view of society, but how to convert this information into user experiences.
19 Feb 2016
Less than a week before it begins, the Mobile World Congress (MWC), the telecommunications congress that has become the main global technology event, has already caused rivers of ink to flow. The possible innovations that will be presented by smartphone manufacturers are combined with an agenda of presentations by personalities from a wide variety of industries and interests.
03 Feb 2016
This question, which has been asked about machines since the age of industrialization and the appearance of assembly lines, was in the headlines again at the latest Davos World Economic Forum. With robot sales growing steadily over the last three years, 2015 was a record year, exceeding 2014 sales by 15%, according to the International Federation of Robotics (IFR)