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Economy

Economy

The finance industry will survive the disruption in the sector, but only a few banks will be able to offer the best customer experience, adapt to the new ecosystem and successfully achieve their digital transformation. “Competition with the fintech companies makes us better and stronger,” said José Manuel González-Páramo, BBVA’s Executive Member of the Board, Head of Global Economics, Regulation and Public Affairs, during the European Central Bank´s Forum on Banking Supervision.

According to BBVA Research’s latest Spain Outlook report, 2017 will cap off Spain’s three-year run of GDP growth at rates above three percent. Recovery will continue in 2018, but at a slower pace, in an environment marked by rising uncertainties. The report was presented today by Jorge Sicilia, Chief Economist of BBVA Group and Head of BBVA Research, Rafael Doménech, Head of Macroeconomic Analysis of BBVA Research and Miguel Cardoso, Chief Economist Spain and Portugal. Considering this scenario, BBVA Research has downgraded its GDP growth forecasts for 2017 and 2018 to 3.1 and 2.5%, from 3.3% and 2.8% in July.

The tenth month of the year is the most ‘summertumn’ of all. Check iWeather on a smartphone to see if it’s too cold to wakeboard. Use a laptop to find the best less-mainstream brunch spot in the Malasaña neighborhood. Having a hard time understanding? Maybe some millennial tips are needed to learn the slang.

Airbus continues its firm commitment to completely revolutionizing means of transportation. Like Spacex and Musk with their Hyperloop, Airbus reported that they’ve just successfully completed the first propulsion tests with their City Airbus demonstrator – a multi-passenger, self-piloted electric vertical take-off and landing (VTOL) vehicle designed for urban air mobility. The first flight test of the demonstrator is scheduled for end of 2018.

BBVA Compass Underserved and Multicultural Segment Manager Julieta Falcon creates opportunities for people from all walks of life to obtain the financial tools to have a bright future. In this edition of Employee Spotlight, BBVA Compass gains insight into Falcon’s professional outlooks and milestones, as well as her passion for tailoring the retail banking experience to best serve and meet the needs of the unbanked and underbanked populations.