A healthy and robust financial system supports the economic development of a country because it streamlines capital investments on productive activities, such as construction, industry, technology or market expansion. It also contributes to the advancement of society helping to provide solutions to meet its needs, such as housing, education and employment, to name a few

The latest reports and statistics show that financial education is still unfinished business in Chile. According to the consulting firm Adimark’s study on young people’s financial behavior and knowledge commissioned by Chile’s National Consumer Service , three out of every four Chilean youth who study at vocational and professional training schools (74.3%)  do not know what a financial product is.

Since it was formally established in 2012, the Pacific Alliance (PA) has become a global power. With 220 million people, it is the eighth largest economy in the world in terms of GDP and the eighth largest exporter.

Over the past three decades, an economic model has gained a foothold in Chile that has proven successful at a number of levels, such as enabling high GDP growth rates (yearly average of 5.3%), helping the country to significantly bridge the income gap with developed countries such as the U.S. and Germany and improving  in the living standards of the population.

Summer is finally here! While many of us may picture ourselves jetting off to a tropical island to do nothing but enjoy cocktails while bathing in a secluded beach…  the truth is that, unfortunately, due to a lack of money and time, some of us will have to save our dreams for later and spend the summer in the city. But, hey, it’s ok! There are thousands plans waiting for you - low-cost, even for free - and you probably didn’t know anything about them.

Summer just started and you’re already dying to get out of the unbearable heat in the city. You’d like to go rest on the beach, but you tend to procrastinate and leave things to the last minute, even more so when you travel. Not to worry, you’re still in time to find the deal you’ve been dreaming of.

Spaniards worked a total of 126.6 million hours of paid overtime in 2105, up 12.8% from 2014. It is the highest figures since 2011 with 130 million hours, according to a Randstand report.

Sixty-seven percent of Mexican millennials, young people between 18 and 34, make purchases over the internet and most of them pay with PayPal.

BBVA Group and the Regional Government of Catalonia signed a deal to roll out a social housing project. Within the framework of the agreement, the institution will temporarily transfer tenancy rights over 1,800 housing units to the Generalitat.  The 8-year agreement also sets out a social inclusion plan to improve the personal prospects of the beneficiaries. With this social agreement, BBVA’s social housing portfolio now stands at 7,000 units in Spain.

The habits of this new generation are bringing a paradigm shift in the financial sector, one that favors digital channels.