In the last part of the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series, final tips and advice are given, based on the frequently asked questions submitted from actual small business owners who received a PPP loan. Questions were submitted as part of the BBVA USA Forgiveness Webinar, developed to walk small businesses through the forgiveness process.

Parts 1 and 2 of the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series detailed two key pieces of the entire process: The lender’s responsibilities and the borrower’s responsibilities. The details of these topics can be found in the main source of the Forgiveness Series: the BBVA USA Forgiveness Webinar, a comprehensive look into the PPP that untangles frequent questions. 

The COVID-19 pandemic has provoked a global disruption that has severely impacted the world’s health, as well as a multitude of aspects of economic and social life. Since the beginning, the scientific community has embarked on the complex, multidisciplinary challenge of looking for solutions to the various areas that have been affected.

In an interview with ‘La Linterna’ de COPE, BBVA’s Group Executive Chairman said that the EU funds to face the health crisis represent “a great opportunity”. In his opinion, if invested “productively in long-term growth and combined in combination with structural reforms”, they can help tackle key problems of the Spanish economy, such as structural unemployment. “We also need to invest in education, focusing on the world of the future: the digital world, the world of data and addressing the transition to a more sustainable world, socially and environmentally.”

Last week, the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series detailed  the PPP lender’s responsibilities, which can be found here. The second part of the bank’s PPP forgiveness webinar provided an overview of the borrower’s responsibilities and this article highlights some of the borrower’s responsibilities.

Building on its current “Your Bank for…” marketing campaign, BBVA has produced two new animated videos in response to the pandemic-related challenges small businesses are currently facing.

When the PPP launched earlier this year in response to the COVID-19 pandemic, uncertainty painted the quickly-changing small business landscape. That uncertainty still lingers now that the program’s narrative has shifted to the forgiveness phase.

BBVA USA recently released a BBVA PPP Loan Forgiveness Webinar to help small business owners prepare for the forgiveness phase of the small business relief component of the CARES Act. 

The British Safety Council (BSC), one of the leading organizations in promoting occupational health and safety, has recognized BBVA’s Turkish unit for the occupational safety measures rolled out at its Pendik HQs, near Istanbul.

BBVA Executive Chairman Carlos Torres Vila has described the European recovery plan (Next Generation EU) as “a landmark opportunity for Spain.” He asserted that “if the aid is complemented by appropriate reforms, Spain could put an end to its elevated structural unemployment, which has hovered above 16 percent over the last four decades, while laying the foundations of an economy based on green and digital growth, a data-driven economy.”

The coronavirus crisis has proven to be a catalyst for workplace flexibility. Companies around the world urgently accelerated their digitization processes in order to first cope with the lockdown measures established in the early days of the pandemic, and going forward to design a new approach to the world of work. If technology served as the primary ally during the initial phase of this transformation, work-life balance is now positioned as the most significant challenge to overcome. BBVA is already preparing for this new reality, evolving its flexible work model, which it implemented two years ago, to cater to the new reality. The bank is responding to important challenges like the use of physical space, goal setting, the new profile of leadership, and employee empowerment and engagement.

In what has been a steady flow of awards from Greenwich Associates, BBVA USA was recently recognized by the financial industry research firm for its response to the COVID-19 pandemic.

In BBVA USA’s announcement regarding the opening of 15 new branches across Texas, the bank showed its commitment to weaving its groundbreaking digital capabilities into traditional face-to-face interactions, a concept that continues to be relevant in today’s banking industry.

As companies across the globe struggle to find a balance between protecting the health and safety of employees and maintaining an efficient and effective workforce, BBVA is using its highly visible leadership team to meet that challenge with frequent transparent updates.

BBVA’s chief executive officer presented the media with 2020’s second quarter results. Onur Genç expects the bank to “certainly beat our capital target by the end of the year,” given that in June the bank had already hit the high end of its target range. He therefore believes that “in 2021, we will return to paying dividends,” as per recommendations the supervisory authority may make.

BBVA has granted CAF Development Bank of Latin America a $200 million loan that will finance CAF’s assistance programs designed to address the social and economic effects of the COVID-19 pandemic in Latin America. The negotiation and documentation of the loan were fast tracked in order to expedite support for the region.

Many institutions and world players have spearheaded initiatives that are pursuing a common goal: to emerge from the coronavirus crisis with a sustainable and green recovery. Manifestos, letters, commitments, institutional statements, and calls to action have proliferated as the impacts of the crisis have worsened. Many of these initiatives are supported by the European Union; its leaders have approved a historic agreement to address the deep recession caused by COVID-19. It’s the era of green partnerships, and BBVA is an active participant.

Many families are struggling under the economic impact of the pandemic, especially those affected by joblessness. Financial vulnerability refers to the ability of individuals or households to cope with a ‘shock’ that entails the loss of their main source of income.

The uncertainty triggered by COVID-19 has led to a rise in cyberattacks against individuals in Spain. BBVA has therefore hosted several webinars in recent months to offer practical advice to customers and non-customers and thus alert the general public to the risk of fraud on the Internet. During these online events, involving members of the BBVA Cybersecurity team, including Roberto Ortiz, Global Head of Security Culture and Training at BBVA (People Information Security), speakers addressed the need to educate, inform and raise awareness of cyber attacks to protect the identity and finances of network users.

The BBVA Research team has published two reports: its U.S. Regional Outlook for July, highlighting key factors impacting regional economies, along with its economic analysis of the U.S. employment report. The COVID-19 pandemic continues to impact job growth and other economic indicators.

BBVA USA announced today that it has begun the process of reopening its branch lobbies, originally closed in mid-March 2020 due to the COVID-19 pandemic.

The European Investment Bank (EIB) Group and BBVA are set to join forces to support Spanish small and medium-sized enterprises (SMEs) and mid-caps affected by the COVID-19 crisis, signing two agreements to provide total financing of €1.42 billion.

In June, BBVA’s Group executive chairman held a round of meetings with the bank’s teams in Spain, Mexico, the U.S. and Turkey. At the meetings he went over the situation in each country and shared future challenges. “The pandemic will serve to accelerate our strategic priorities – digitization, data and sustainability – as well as the search for new ways of working,” he explained.

BBVA’s digital development strategy of the past several years is now strongly supporting the digital management of customers’ finances. The implementation of agile work methodologies, DevOps practices—coordination across different teams throughout software development—and a global perspective were key for digital solutions to provide value and become scalable among business units and countries. Thanks to BBVA’s commitment to technology and new ways of working, the bank was able to guarantee service quality, adapt its way of working—with 90% of employees working from home—and, at the same time, enhance its response capacity.

Olga Gouveia, lead economist for Financial Systems at BBVA Research, wrote an op ed piece for the Spanish daily paper, Expansión, where she gave a positive appraisal of the European Central Bank liquidity auctions. The ECB auctions aim to increase lending in order to address the impacts of the COVID-19 crisis.

BBVA’s executive chairman joined CEO Onur Genç at the bank’s headquarters in Madrid to participate in an employee meeting where they reviewed lessons learned from the crisis and how the bank’s strategic priorities have proven their resilience in the face of the recent challenge. Carlos Torres Vila believes that, in the current context, BBVA’s purpose, strategy and values “are more relevant than ever.” Together with Ricardo Forcano, global head of Engineering and Organization, and Carlos Casas, head of Talent & Culture shared further details about the bank’s plans for Spain and Turkey where the pandemic statistics favor a return to the workplace.

BBVA’s Group executive chairman underscored the urgency of reactivating the economy to prevent damage that could be irreversible – something we should do standing “united and with consensus.” At an event organized by the Spanish Federation of Businesses (CEOE), Carlos Torres Vila indicated that “private investment is crucial to a digital, data-based, social and sustainable future.”

Ebru Dildar Edin, Executive Vice President of Corporate and Investment Banking at Garanti BBVA participated in the seminar ‘The Changing Future of Work,’ where she emphasized the role sustainability will play in establishing a new, improved normal.

According to last week’s data on credit and debit card spending, consumption has recovered in regions where pandemic restrictions have been lifted. This improvement is observed in the U.S., Turkey and Spain, and in recent days in Latin America. In Spain, increased spending has been seen in those regions that first moved into phase two of the country’s reopening. BBVA Research points out that there was also an increase in ATM cash withdrawals.

BBVA has now earmarked the €35 million donation it committed to support COVID-19 relief. The lion’s share of the funds (81 percent) were allocated to defend against the virus’ initial hit in medical centers and hospitals.

When the PPP launched, its aim was to help small businesses avoid laying off employees while their operations were shut down due to the coronavirus pandemic. That aim may be taking effect.

BBVA is the only Spanish bank to have signed a declaration calling for the need to include investing in renewable energy in the economic reconstruction plan proposed by the European Commission. It is one of the private sector’s latest calls to action to governments that are “committed to a green recovery, once the worst of the COVID-19 crisis is over.”

Francisco Herrera, Computer Science Professor at the University of Granada, is leading research that aims to diagnose COVID-19 in less than a second using chest x-rays. The project, which is in advanced stages, uses artificial intelligence as a tool to interpret biomedical images more effectively than the human brain. This technique would greatly help health clinics that do not have sophisticated diagnostic imaging systems.

How does BBVA manage the evolution of the pandemic across its footprint? After monitoring the news report began emerging earlier this year about a new virus, on March 9, the bank’s Corporate Continuity Committee decided to create a global war room, led by Ricardo Forcano and Carlos Casas, the heads of Engineering & Organization and Talent & Culture, respectively. War room is a military term that is increasingly used in the business world to describe a group of people who are totally dedicated to tackling a crisis, to make timely and agile decisions.

The COVID-19 pandemic’s effects on the financial industry and consumers have been well-chronicled in traditional and social media alike. Banking may never be the same moving forward, in many different ways. That could also include an expedited disappearance of cash, a mode of payment that was already on the decline. 

Compulsory quarantine due to COVID-19 has led to increased use of digital channels, especially mobile banking services, as can be seen in the BBVA franchises in South America.

The relaxation of pandemic restrictions has given consumption a boost in those Spanish regions that first moved into phase two of the country’s reopening. BBVA Research’s weekly analysis measuring debit and credit card spend reveals that for regions remaining in phase one, previous consumption improvements (coming out of the transition from phase zero to one) stalled, with declines last week of May standing firmly at between 10 and 15 percent.

During the coronavirus crisis, digital functionality has been critical for keeping the financial system up-and-running and facilitating quality customer care under extraordinary circumstances, even while the pandemic dictated minimal physical contact. This represents a sign of success for the sector’s digitization efforts and should also serve to make further regulatory progress.  So concluded a virtual meeting dedicated to Europe’s future digital finance strategy, ‘Digital Finance Outreach,’ organized by the European Commission in collaboration with Spain’s Treasury Department.

BBVA’s Turkish unit is on the frontlines in the fight against the coronavirus pandemic. Emergency field hospitals in Sancaktepe and at the Atatürk airport have received locally manufactured medical equipment.

When the Paycheck Protection Program launched in early-April, BBVA USA employees knew there was going to be an influx of applications for small businesses struggling during the ongoing pandemic.

Ricardo Forcano, the Global Head of Engineering and Organization at BBVA, participated in a digital meeting organized by the Association for Managerial Progress (APD) entitled ‘Innovation and culture for organizational growth’.  During the event, the director explained how the current situation can serve as an impetus to redesign work methods in organizations. He also explained that BBVA is using collective intelligence and data to face the current crisis.

In the summer of 2018, Pablo Martín sequestered himself for almost 100 days in a cabin in the Swiss municipality of Montricher. His purpose: to write ‘Memories of an Old Hardhead’. At the time he would never have imagined that the plot of his novel would so closely reflect the reality of 2020.

In an interview with the Financial Times, BBVA Group executive chairman Carlos Torres Vila stressed that: “If we want to avoid a deeper economic impact that may be irreversible, measures should be compatible with controlling infection rates, [keeping] contagion at bay [while] reactivating the economy. The best way to reconstruct is not to destroy.”

BBVA’s CEO sat down with Turkish news agency Anadolu to discuss the current scenario facing Turkey’s economy and banking system. Onur Genç expressed his optimism regarding Turkey’s progress at the economic level and considers that banks are in good shape to face this crisis. Digitization, in his opinion, will be key for banks in the current scenario. In this sense, he cited Garanti BBVA as an example of a digital leader, with almost nine million digital customers, eight million of whom are mobile.

Collaboration between banks and financial technology startups could be key for finding solutions in the new environment that the COVID-19 pandemic has brought about. The digital event ‘BBVA Open Talks Global: Fintech Post-Covid’ included how the innovation ecosystem is reacting in the various countries where BBVA is present. Where Spain is concerned, innovation has accelerated and there are already tech solutions on the table to build a post-pandemic future.

BBVA’s emblematic headquarters building in Madrid will be lit with a black ribbon for the 10 day mourning period decreed by the Spanish government, which began yesterday. The bank, which has devoted its efforts to help combat the health emergency, is therefore joining the tribute to the victims of the disease.

BBVA placed a €1 billion  inaugural COVID-19 social bond on the market today, making it the first private financial institution in Europe to do so. Demand was close to €5 billion, nearly five times more than the initial offer. The funds will be primarily allocated to mitigating the severe economic and social impact caused directly and indirectly by the COVID-19 pandemic. The interest rate was set at 112 basis points over mid-swap, 33 basis points below the initial target price (145 bps over mid-swap).

BBVA USA has funded approximately $3.3 billion small business loans in less than 60 days, processing more than 22,000 applications and impacting approximately 360,000 jobs through its efforts in the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the bank announced today.

Essential remote working has forced a change to on-site employee training plans. BBVA had already espoused a culture of online learning before the pandemic, offering its staff a comprehensive digital training catalog via the Campus BBVA platform. The platform has been refreshed to adapt to employee needs during the weeks of confinement. Employee response has been positive: traffic to the training portal shot up 96 percent with more than two million sessions during the first month of lockdown. A review of the most consumed topics reveals employees’ growing interest in developing new competencies (data, design, sustainability), which are priority for BBVA and and even more apropos given the new reality that awaits.

Joaquín Dopazo is leading a project that uses a machine learning algorithm to identify proteins involved in the illness and cross match this information with a database of drugs used to treat other conditions. “We checked if some of the proteins detected are therapeutic targets of other medications approved for other uses, and we concluded that these treatments could act on the mechanisms that COVID-19 uses to cause harm,” says the researcher, who in 2018 won a BBVA Foundation team grant in the Big Data category.

Fewer mobility restrictions are beginning to bear fruit and some countries are starting to show signs of recovery, although at different speeds. The U.S. Sunbelt and Turkey are leading the way. In Spain, lifting the lockdown restrictions in different phases is leading to unequal recovery among the regions. These are the main conclusions of a weekly study that analyzes the dynamics of expenditures in the countries where BBVA operates during the COVID 19 pandemic.

The BBVA Research team has published its Economic Outlook for second quarter 2020, offering a look at how the U.S. economy might recover in a post-COVID world.

There was no spider bite, fear of bats, Planet Krypton birth or iron suit needed for a group of BBVA Superheroes to rise to a unique challenge. That challenge? Continuing branch operations in a time when finances are at the center of a never-before-seen crisis.

New situations call for new approaches. When the Paycheck Protection Program launched in early-April, BBVA USA employees knew there was going to be an influx of applications for small businesses struggling during the ongoing pandemic.

The coronavirus crisis may lead to a series of changes forcing many companies to rethink their business models. Startups frequently depend on funding, and some may be critically impacted. Still, others may find themselves in a stronger position thanks to their capacity to adapt to the changing landscape or because they provide digital services that have proven invaluable. Could the coronavirus crisis set the stage for the next big startup?

Economies around the world have never experienced a halt in activity as drastic as the current economic standstill caused by COVID-19. The new normality, as the experts have coined it, has brought with it a feeling of global fellowship in which all countries are fighting together to overcome this difficult experience.

Falsehood, lie, fallacy, insidiousness, post-truth. There are a multitude of synonyms to refer to the term that continues to fill social networks and the media: ‘fake news’.

Laura Lechuga, research professor at Spain’s National Scientific Research Council (CSIC) and group leader in the Catalan Institute of Nanoscience and Nanotechnology (ICN2), is heading up the ambitious CoNVaT project. CoNVat aims to produce a rapid, inexpensive, and highly sensitive test for diagnosing COVID-19 from the first day of infection. “It won’t only indicate if the virus is present or not, but it will also reveal its concentration. This is important because it gives an idea about how  advanced the infection is,” she explains. The new test should be ready in less than a year, in time for future waves of the pandemic.

In late March, BBVA USA announced that it would be closing most of its 637 branch lobbies and instead serving customers through its drive-thrus, among other modifications. The changes, put in place in response to the COVID-19 pandemic and for the safety of its clients, is now reaching its two month anniversary.

What does a company bring to society? What role does it play? Why does a brand exist? These questions can be answered in many ways, each answer hinting at the company’s “what for”, the reason that drives it and defines how it engages with society, its purpose.

In an interview published by the financial newspaper Expansión, BBVA’s CEO explains what the coronavirus crisis has been like for him, and how the bank has adapted its operations to continue providing customers the same service. “It is very rewarding to see how our teams have adjusted to the challenges posed by this scenario,” he said. Onur Genç thinks the crisis is going to have a major impact on the economy and businesses, and that now is the time  “when we – the banks – need to stand by our customers more than ever before, and be part of the solution to this crisis.”

A BBVA Research study leverages big data technology to monitor worldwide media treatment of COVID-19. Analyzing more than 80,000 online news publications in more than 100 languages, the study concludes that both the extent of news coverage and its sentiment provides valuable information about the pandemic’s development and the degree to which it impacts the economy and politics. Furthermore, a correlation between increased number of infections and ‘media stress’ has been observed.

BBVA USA announced today it awarded $600,000 to Feeding America®, a nationwide network of food banks. The organization will distribute funds to food banks across the bank’s geographic footprint.

The ‘RRSSalud’ project is researching the dynamics and types of fake news regarding coronavirus on social networks, thus helping to alleviate the negative effects of this health crisis. Coordinated by the researcher Ramón Salaverría, the initiative is part of the BBVA Foundation’s 2019 program to assist scientific research teams in economics and digital society. One of the first conclusions of the study has determined that one-third of current fake news stories refer to the health crisis contain health or scientific content.

It’s technically complicated, but yes, if the webcam user doesn’t follow some security precautions, it is possible. Furthermore, exploiting the fact that the COVID-19 pandemic has driven an increase in teleworking, online classes, and all kinds of virtual meet-ups, cyber criminals are looking to profit by stepping up their attacks. Find out how to prevent others from unauthorized access to your web camera or videoconferences.

Between last week and this week, the bank will reopen an additional 250 branches, to coincide with Spain’s careful easing of confinement restrictions. BBVA has also initiated the gradual return to work for those employees who fulfill critical business functions. The health of the bank’s customers and staff is the fundamental factor guiding this process. In the next few days, 200 employees and external contractors will return to their posts in central services, and 1,300 staff will return to branch offices throughout Spain.

In many ways, the coronavirus crisis marks a turning point in human behavior. One of the lessons this pandemic is teaching us is the essential need to change the way we interact with nature. “We will open the door to new pandemics if we continue maintaining a toxic relationship with nature,” states the ecologist Pedro Jordano. For the secretary of the jury for the BBVA Foundation Frontiers of Knowledge in Ecology and Conservation Biology, biodiversity “works like a shock absorber”. If it is altered, “it leads to all kinds of problems,” like the spread of COVID-19.

The arrival of COVID has forced many companies to figure out new ways of working, and to accepting the idea of allowing, where feasible, employees to work from home. These new alternative work arrangements may yield substantial sustainability, cost saving and productivity benefits, but also expose of corporate confidential information to new threats. In this context, adopting increased security habits becomes more important than ever.

Many people are taking advantage of their time in quarantine to brush up on their knowledge, and massive online open courses (MOOCs) provide a good alternative. In this article, we describe the major platforms for online education and what they have on offer, both for professional development as well as purely for the fun of learning.

Nearly two months after Spain declared a state of emergency due to the coronavirus crisis, the population has slowly begun to adapt to the lifting of some lockdown restrictions amid lots of questions and fear of a new outbreak. In an initiative promoted by the BBVA Foundation, Dr. Jordi Vila, the Head of Microbiology Services at the Hospital Clínic in Barcelona, gave a videoconference for BBVA employees to answer some of these questions. Among his responses regarding how to return to work in a safe manner, he indicated that “massive testing would be ideal, but it’s impossible from a logistical standpoint,” in his opinion.

BBVA has joined the manifiesto ‘Green Recovery. Reboot and reboost our economies for a sustainable future’, promoted by the Chair of the European Parliament Committee on the Environment, Pascal Canfin. This alliance defends a sustainable recovery from the coronavirus crisis, and is comprised of politicians, businesses, non-governmental organizations (NGOs) and unions, among others. “In order to tackle the challenge of a quick recovery, we should start with a more sustainable development model,” said BBVA Group executive chairman Carlos Torres Vila.

Artificial intelligence is contributing to fight the COVID-19 pandemic. Projects directly related to pharmacology, medical and hospital care, or mobility analysis to reduce contagion have found a crucial ally in data science to make progress and deliver results.

Carlos Torres Vila, BBVA Group executive chairman and Onur Genç, BBVA CEO, presented the results for the first quarter of 2020 at an online press conference from their homes. Carlos Torres Vila stressed that now, “The most important thing is to look ahead and return to activity” to foster the economic recovery. This reopening should prioritize health, but “reactivate our productive network and employment.” In this sense, “everyone’s collaboration – governments, the private sector and society in general – will be fundamental to overcoming this crisis.” A recession that he predicts will last “for a limited time”.

Late Friday, BBVA USA sent up its own version of the bat signal to more than 600 Branch Retail Executives (BREs) across its seven-state footprint, asking who among them was willing to be a superhero on Saturday.

Garanti BBVA’s posted a net income of 1.68 billion Turkish lira for the first quarter of the year. The bank’s total amount of assets stood at 456.17 billion Turkish lira, 65% of which are funded through deposits. Deposits grew by 7% percent in the first quarter, reaching 295.92 billion Turkish lira. The bank also contributed a total of 346.58 billion Turkish lira to the economy through cash and non-cash loans. Garanti BBVA’s capital adequacy ratio was 16.6%, with a return on average equity (ROAE) of 12.4% and a return on average assets (ROAA) of 1.5%.

With millions of people teleworking and communicating with each other online during the coronavirus crisis, email has become of the main tools for both professional and personal purposes. Now more than ever before, it is important to learn to detect cyber attacks that come in the form of emails, and follow the recommendations to protect ourselves from them.

While banks across the country struggle to keep up with the onslaught of loan applications from small businesses racing to access Paycheck Protection Program funds, employees at BBVA USA found a unique solution: volunteers.

Egon Zehnder, a global consulting firm, is holding a round of digital meetings with CEOs of banks around the world to hear about their strategies to navigate the COVID-19 crisis and their insights into unprecedented situation. During a meeting held on April 4, BBVA CEO Onur Genç detailed the Group’s priorities in the face of the health emergency caused by COVID-19: safeguarding customer and employee health and continuing to deliver its services and supporting customers.

When the pandemic relief legislation known as the CARES Act passed in late March, BBVA USA recognized that an online application for the Act’s Payroll Protection Program (PPP) would be the best way to expedite funding and ensure the safety and health of its customers and employees.

“Recovery from the COVID-19 crisis should be green, inclusive, and resilient. The recovery is not at odds with sustainability; in fact, they should be aligned,” Antoni Ballabriga, BBVA’s Global Head of Responsible Business explained at a virtual meeting organized by Finnovating. José Manuel Marques, Head of the Financial Innovation Division at the Banco de España also participated in the forum.

Children and young people are particularly susceptible to the risks of the Internet. These risks are even more pronounced as the coronavirus imposes social distancing, causing our children to spend more of their day online than normal. Here are some suggestions that will help keep children safe when they are on social media.

Maintaining financial health once the lockdown is over will be important for our savings goals and for having a financial cushion that makes it possible to handle any emergency, thus ensuring peace of mind with respect to financial matters. That’s why it’s a good idea to continue some of the habits that have become widespread during the lockdown, habits that have proven effective for saving money.

Donations from BBVA employees around the world to fight coronavirus have reached one million euros. As part of its campaign ‘Your contribution is worth double’, BBVA has matched the amount donated by each employee, for a total of two million euros. The donation will be used to purchase healthcare materials, to support vulnerable communities across the bank’s footprint, and to research a cure for the disease. At the outset of the crisis, BBVA announced that it would contribute 35 million euros to fight the pandemic. This figure includes the bank’s one million euro contribution to the campaign in solidarity against COVID-19.

Cybercriminals are taking advantage of COVID-19 and the new reality it has imposed: telecommuting hitting peak levels and huge amounts of information — and misinformation — circulating the Internet. Scammers are ramping up their activities as they try to maximize ill-gotten gains. We explain how these organized groups work, what attacks are the most common, and what we can do to protect ourselves.

To continue collaborating with the ‘fintech’ ecosystem and keep in touch with startups during the quarantine period, BBVA Open Innovation teams from all over the world joined together to host the InnovaHome Festival, a series of virtual events on entrepreneurship and innovation that enable us to continue providing value to entrepreneurs while the crisis lasts.

The COVID-19 pandemic has drastically altered our habits. Bars, restaurants, and entertainment spots have temporarily closed down and are being forced to consider how they might have to restructure in response to a new, post-pandemic world. “Seeing an empty restaurant is a bit sad: such a vital space, normally with so much energy and young people from all over the world working, but we want to be optimistic,” says chef Joan Roca, owner of El Celler de Can Roca, one of Spain’s most celebrated gastronomic venues. The hospitality industry is facing a considerable challenge, and insight from industry leaders like the Roca brothers can shed some light on what we might expect from restaurants in a post-COVID-19 reality.

More than 700 people have responded to BBVA Next Technology’s invitation to participate in Tech4Change. The initiative is grounded in a spirit of solidarity and seeks collaborators who want to contribute to the development of two technological solutions, both of which have been conceived by BBVA employees with the goal of helping small businesses weather the COVID-19 crisis. Over the coming weeks, the assembled teams will work together on two solutions: a platform that allows small businesses to manage orders from home and an application that cuts down on customer traffic in establishments that provide essential goods or services.