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Digital Economics

Today

22 Nov 2018

14 Nov 2018

12 Oct 2018

10 Sep 2018

23 Aug 2018

Technically, big data is no different than any other data, there’s just more of it. After all, gathering data is nothing new. We all have birth certificates, marriage licenses, insurance cards, and our grandparents had those same things decades ago… even without computers. The difference today is the sheer volume of data and the ways that data can be collected and analyzed.

25 Jul 2018

Answering this question is not easy. Academics and financial industry representatives met to discuss whether it would be appropriate for central banks to issue digital currencies. In the forum, BBVA executive board member, José Manuel González-Páramo, indicated that he believes it is probable that central banks will issue cryptocurrencies in the years ahead.  Future advances in blockchain technology will open the way to its use by financial authorities.

20 Jul 2018

05 Jul 2018

The word “gig” comes from musical jargon and refers to a performance by a musical group. When applied to the working world, the concept refers to sporadic jobs of limited duration. The person hired to do the job is responsible for fulfilling a specific role within a project.

25 Jun 2018

Where do most internet users go online from? What devices do they use? How often do they upgrade their smartphones? This a snapshot of the current internet and smartphone use habits across the planet.

11 Jun 2018

Can Big Tech take the place of banks in the financial services sector? According to Francisco González in his op-ed article in today’s edition of Financial Times, while the Big Tech’s threat is widely known, digitization opportunities for some banking institutions are less evident. BBVA Group Executive Chairman is confident that “we have what it takes to redesign banking and to bring about the next stage of this industry’s evolution.”

07 Jun 2018

04 Jun 2018

04 May 2018

A little more than two years after its approval by the European Parliament, the new European Regulation on Data Protection or GDPR (General Data Protection Regulation) will go into effect on May 25, 2018. It is not just another regulatory change: it is the most important change to European data regulation in 20 years and involves new rights for consumers, such as the right to be forgotten and the right to data portability. It also strengthens the concept of consent.

18 Apr 2018

10 Apr 2018

BeCoN is an acronym coined by PwC researchers to refer collectively to the three new forms of capital – behavior capital, cognitive capital and network capital – that they say in a report entitled ‘The Bionic Company’ are becoming increasingly crucial in the current economy.

06 Apr 2018

21 Mar 2018

12 Mar 2018

Over 300 businessmen Monday took part in a meeting in Bilbao of the Business 20 (B20) –a corporate forum of the G20. The companies present at the meeting are at the vanguard of digitalization and industry 4.0. At the start of the event, José Manuel González-Páramo, BBVA Executive Board member and vice president of one of the B20 task forces, called for “greater cooperation between the public and private sectors” to meet the challenges posed by the new digital economy.

02 Mar 2018

BBVA’s drive towards delivering a world class digital banking experience has taken another step forward. Over the past year the bank has seen an almost twofold year on year increase in the number of products and services its customers and clients are taking-up via digital channels.

26 Feb 2018

21 Feb 2018

Since it was launched in 2016, the FCA’s regulatory sandbox has supported 60 firms to test their innovation with real customers in the live market under controlled conditions. Now, it is assessing different options to scale up the model at global level to solve the challenges of operating internationally in the fintech market.

20 Feb 2018

The head of the BBVA Data & Analytics’ Edge team, José Antonio Rodríguez-Serrano, who coordinates the innovation area in BBVA’s center of excellence in data science, shares his insights into five key questions to understand the implications of this exponential technology in different economical sectors and spheres of society.

14 Feb 2018

13 Feb 2018

As we have seen in previous articles, the intelligent use of data, with the right talent and the pertinent business strategies for applying creative solutions, can provide insights that help solve a whole gamut of problems and take on board new opportunities. Data places within our grasp an enhanced decision-making ability and a deeper understanding of our clients and what they need. But as in the case of any other tool, these new skills can be put to positive or not so positive use, whether intentionally or not.

12 Feb 2018

The use of virtual assistants, mainly in the form of smart speakers, is rapidly gaining ground. In less than a year, devices such as Echo and Google Home have appeared in households across the globe and users are becoming increasingly comfortable carrying out searches, purchases and even bank transactions using this format, which looks set to become the transactional interface between customers and companies.

31 Jan 2018

30 Jan 2018

29 Jan 2018

24 Jan 2018

17 Jan 2018

Technologies such as artificial intelligence, blockchain and APIs continue to dominate the forecasts of the leading experts in the fintech sector. However, there are some new caveats for 2018, due to regulatory pressure. As the digitization of financial services gathers force, BBVA stands among the banks that have invested most in their digital transformation.

16 Jan 2018

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.

02 Jan 2018

Every day, new applications and software are making our devices more efficient and our society better connected. But if you want to step back and take a wider view of the digital economy and its impact on all aspects of society, these eleven books, all published in recent months, can prove both entertaining and useful.

26 Dec 2017

The new technologies, and their presence in everyday life, are radically changing the way we look at entertainment, social relationships and work. They have also created new professions that do not yet have a set educational pathway, such as videogame developer.

21 Dec 2017

The strategic commitment of the most dynamic banks to digitization is played out in several areas: the competition for talent, new technologies, the creation of their own fintech companies, agreements with startups, etc. The success of this strategy, which aims to improve customer experience, cannot be measured in the short term.

15 Dec 2017

In the era of the digital economy, it’s crucial that entrepreneurs acquire the financial knowledge and skills needed to develop innovative projects with long term sustainability. That´s why the focus on education, and in particular financial education, should be widened to include entrepreneurship, especially among young people.

13 Dec 2017

Carlos Torres Vila, BBVA’s Chief Executive Officer, this morning said open innovation is one of the key elements of the bank´s transformation to adapt financial services to customers’ new needs. “Keeping up with the rapid pace of change that companies are undergoing, including the financial services sector, the connection with the innovation ecosystem and entrepreneurs is essential,” he said.

01 Dec 2017

The most impressive thing at this year’s Blockchain Summit in London was the enthusiasm and wide array of use cases for blockchain on show. Starting with its origins of digital currency and current evolution to ICOs (the abbreviation for initial coin offering) to applications in the energy and real estate sectors, there is seemingly no problem too big that it can’t be solved via blockchain technology.

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.

23 Nov 2017

22 Nov 2017

21 Nov 2017

16 Nov 2017

Money 20/20 Las Vegas is without doubt one of the showcase events for technology and financial services in the world. Every years thousands of people involved in the industry, from big banks like BBVA to technology firms like Google and most importantly innovators and start-ups, gather to discuss the future of the industry.

08 Nov 2017

07 Nov 2017

30 Oct 2017

26 Oct 2017

24 Oct 2017

For the banking industry, the digital revolution has brought new technologies and new types of customers and competitors. But it has also created a new set of ethical responsibilities regarding cybersecurity and the use of data. José Manuel González-Páramo, BBVA’s Executive Director, talked about those ethics, and the opportunities and challenges of digitization, during a speech at the Atrium of the Gentiles, a cultural dialogue organized by the engineering school ICADE and the Ecumenical Social Forum of Madrid. He said these ethics will require acting from a triple perspective: educational, business and regulatory