Financial and commercial services
15 May 2019
Garanti has introduced three new inflation-indexed products that will peg the Turkish lira to inflation thereby helping its customers achieve their savings goals while also making a positive contribution to the national savings rate.
08 May 2019
BBVA recently held the ninth edition of its ‘BBVA Latin America Conference’ in New York. The annual event gathered private and public debt issuers from Latin America and investors from North America to explore new joint business opportunities in the region. The political and economic situation as well as the impact of the elections, especially in Mexico and Argentina, were two of the main topics covered during the conference.
30 Apr 2019
We interview Jon Groch,
23 Apr 2019
“Hello! Finally, we meet! I have been specifically designed to help you better understand the ins and outs of your daily finances. I am always available and crunching the numbers is one of my favorite tasks.”
This could be the start of a friendship, a virtual friendship, because the virtual assistant is a “bot” enabled in BBVA’s app whose express mission is to better control customer finances. “We call it a ‘pseudo-bot’ … initially resembling conversational interfaces,” explains Sergio Ruiz Navarro, who is responsible for the design/UX of this endearing creature whose mission is to understand if customers do a good job (or not) of managing their money.
22 Apr 2019
As the General Manager of the Bank of International Settlements (BIS), Agustín Carstens, said, “New technology is not the same as better, or more efficient technology.” However, you don’t have to be a techno-optimist to recognize that the evolution of technology is unstoppable and improvements can be expected to address things like the volatility of cryptocurrencies. In fact, solutions are already being considered for this problem, such as stable digital currency, or “stablecoins”.
07 Mar 2019
BBVA Compass has named banking industry veteran James Ligman as its Orange County City President, bolstering the bank’s California presence by promoting from within.
27 Feb 2019
BBVA Compass Colorado CEO Andy Wykstra has been named one of the Colorado Bankers Association’s Bankers of Distinction.
21 Feb 2019
Susana Valencia led the charge long before she earned the position of head banker in BBVA Compass’ Laredo market.
19 Feb 2019
BBVA Group issued the first structured green bond using blockchain technology to negotiate the terms and conditions. It is a private placement in which MAPFRE invested €35 million six year term bond linked to the evolution of the five year euro swap rate. With this bond issue, the BBVA Group demonstrates that it has the means, knowledge, and commitment to provide its clients cutting-edge products based on the latest technologies and innovative sustainable solutions.
14 Feb 2019
We interview James Short , BBVA Compass Director of Food Franchise Financing
05 Feb 2019
04 Feb 2019
In 2018, there was declining activity in the bond business due to an increase in market volatility. In Europe, the total volume of issued bonds totalled €1.47 trillion, approximately 10% less than in 2017. Furthermore, 2018 witnessed the consolidation of trends like green bonds – which have been on the market for more than ten years now – and the emergence of products related to new technologies.
29 Jan 2019
Che Goff knows Corpus Christi. One could surmise that the newly-appointed BBVA Compass Corpus Christi City President got to where he is because of his attachment to the place he calls home.
18 Dec 2018
BBVA Compass has increased its Net Promoter Score (NPS) among Commercial clients across its footprint, according to a recent Voice of the Customer study by market intelligence provider Greenwich Associates.
13 Dec 2018
AENA and a group of banks led by BBVA have closed an €800 million ESG-linked revolving credit facility (an “ESG-linked RCF”). With this sustainable credit facility – intended to fund general corporate needs – AENA becomes the world’s first airport operator to resort to this type of funding arrangement. BBVA led the transaction as lead arranger and sustainable facility agent.
14 Nov 2018
Growing up in Pensacola, Fla., now residing in Jacksonville, Nelson Bradshaw is used to being close to the water and reeling in a big catch.
International publication Global Finance selected Garanti Bank as the ‘Best in Mobile Banking’ in the Western Europe category and the ‘Best Digital Bank in Turkey’, establishing the bank’s position as one of the world’s leading financial organizations this year.
06 Nov 2018
15 Oct 2018
BBVA Trader, a platform developed by BBVA entirely conceived for and devoted to trading, allows users to invest in different instruments, including warrants, one of the most popular. Warrants are publicly traded derivatives that leverage an investment on an underlying asset. BBVA Trader allows applying different investment strategies based on its users’ goals, be it just investing, obtaining liquidity, securing capital or hedging risks.
28 Aug 2018
There are virtually no BBVA Compass branches in the Los Angeles area. When Stephen Flynn accepted his position as the bank’s Los Angeles Market President in December, the client list was significantly smaller than it is today.
Companies, just as individuals, have financial needs related to the management of liquidity and working capital in the short term. The term ‘Working capital’ makes reference to those solutions, which include ‘factoring’, ‘confirming’, bilateral loan, commercial discount, guarantees, ‘leasing’ and ‘renting’.
24 Aug 2018
The BBVA Trader platform makes various tools and specialized content available to those customers who want to learn about the world of trading in more detail. Using leverage to trade stocks is a type of transaction that is supported by the BBVA Trader platform, which also provides the relevant must-know information for anyone embarking on this approach to trading.
14 Aug 2018
BBVA Compass Gainesville City President Robert McDaniel has seen a good amount in his seasoned career in the banking industry.
10 Aug 2018
Exchange Traded Products (ETPs) replicate the movement of a financial asset or basket of financial assets such as indexes, commodities or currencies. An ETP is an “investment vehicle” that combines the advantages of shares, in that they are traded in the continuous markets of exchanges with an investment in a group of financial assets. This characteristic has made ETPs a very popular alternative investment.
09 Aug 2018
BBVA Compass has announced the launch of BBVA Compass net cash™, an updated treasury management portal that helps clients manage their company’s cash position and banking transactions.
03 Aug 2018
25 Jul 2018
Garanti Bank has been driving digital banking growth for 20 years in Turkey, leading the development of mobile banking in the country. Bora Uludüz, Garanti’s senior vice-president of Digital Banking, says the Turkish bank set digitization as one of the pillars of its strategy, dedicating relevant resources to the development and deployment of new technologies.
23 Jul 2018
True to its commitment to innovation, BBVA announced the signing of a €35 million flexible term loan with spanish-based multinational Cosentino. This is the first time this format has been offered in the Spanish market, and was conceived by BBVA to meet the financing needs of its customers.
19 Jul 2018
BBVA Compass is an innovative leader and has placed itself on the forefront of the fast-paced digital revolution in the U.S. As such, another milestone in the bank’s innovative thinking came in the form of product launches announced recently in the treasury management arena.
17 Jul 2018
BBVA Compass has announced the launch of its industry-first BBVA Compass RealTime ARP™ and BBVA Compass RealTime Positive Pay™ products for commercial clients.
12 Jul 2018
In 2015, the ECB launched its Bank’s Integrated Reporting Dictionary, or BIRD, a project ultimately intended to organize the data that it gathers from EU financial institutions for its statistical area. This project is part of a broader strategic approach aimed at improving the system that banks and other players use to report statistics to the European supervisor, known as IReF (Integrated Reporting Framework). BIRD is one of the pivotal milestones in the list of achievements by the Statistical area of the ECB. And just as the rest of the organization, BIRD is celebrating its anniversary.
28 Jun 2018
In the Arizona desert, rainfall is few and far between. While the Valley of the Sun has a dearth of precipitation, banking solutions and digital innovation run together and flow consistently in this extremely hot corner of the country.
22 Jun 2018
The rise of fintech platforms has yielded an uptick in banking industry innovation. Newsworthy developments seemingly come in waves, bombarding the news cycle and drowning consumers with vast amounts of information.
18 Jun 2018
BBVA CEO Carlos Torres Vila opened the seminar in Santander organized by the International Menéndez Pelayo University and the Spanish Association of Economic News Journalists (APIE), which this year puts the spotlight on blockchain. BBVA’s CEO lauded digital transformation as a way to improve people’s lives. Additionally, he released the news that in May, BBVA’s digital sales reached 40% of the total, and that the Group will begin testing the negotiation and contracting of syndicated loans using blockchain. Finally, he stated that technological development fosters long-term economic progress and social well-being, which requires collaboration between public and private institutions.
25 May 2018
Artificial intelligence is here to stay. In recent years it has opened the way to different areas of our lives, reaching what were previously unknown territories. This is not a single technology, but rather a set of construction blocks that act as catalysts for major advances, which is why BBVA is committed to an innovative approach based on data science and artificial intelligence to boost its capital markets business.
07 May 2018
The ‘BBVA Latin America Conference’, held on May 2 and 3 in New York, is a yearly event hosted by BBVA that brings together public and private Latin American debt issuers and North American investors. In this year’s edition of the conference —the eighth— BBVA CEO Carlos Torres Vila, and BBVA Global head of Customer Solutions Derek White were some of the prominent figures who took the floor to share their insights into pivotal issues such as investments in Latin America, sustainable finance and banking innovation.
28 Mar 2018
What is treasury management? For business owners and operators, this is a key term that could shed light on how your business needs to operate to succeed.
02 Mar 2018
Garanti Bank CEO Fuat Erbil said the turkish bank’s performance last year far exceeded expectations and looks forward to extending that success this year. “Last year was much more positive than expected, both for the country, the sector and Garanti,” Fuat Erbil told journalists in a recent meeting. “As witnessed by the positive outlook for key indicators and investor interest, 2017 was a successful year for Turkey. The banking sector’s performance excelled expectations as domestic demand increased and economic activity as a whole expanded”.
22 Feb 2018
The headlines about the U.S. dollar this year have underscored how complicated it is to predict the movement of any one currency in a global economy. They’ve gone from grim (“Dollar set for worst January in 30 years”) to triumphant (“Dollar claws back”) to deflated (“Dollar’s rebound fizzles”) in a matter of weeks.
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 Winter Olympics have been in full swing for over a week while athletes have been racking up the medals in Pyeongchang, South Korea.
Alfonso Gómez joined the BBVA Group in 1994 and was appointed to head the Swiss branch in 2014. Born in Segovia, Spain, he has had an extensive career, holding positions on several continents. Since his arrival at Switzerland, he has been working to develop the best customer experience, based on a high-value offering and next-generation digital tools.
19 Feb 2018
Many people around the world choose to place part of their savings in investments outside their home country, in order to diversify their holdings. That’s why they put part of their capital in international financial centers. Switzerland is one of them.
13 Feb 2018
06 Feb 2018
PSD2 and GDPR are no longer strange-sounding terms. After digital regulation caught the attention of supervisors and financial regulators in Europe during 2017, it doesn’t look like 2018 will be any different, according to the Financial Regulation Outlook report from BBVA Research.
As BBVA Research points out, the digitization of finances offers opportunities and challenges not only to financial service providers and customers, but also to regulators and supervisors. Therefore, the “regulation and supervision frameworks need to evolve and adapt” to the new environment.
05 Feb 2018
02 Feb 2018
30 Jan 2018
In the Phoenix area, there are about 299 sunny days a year, on average. While the climate in the Valley of Sun can sprinkle a normally-welcomed spot of sunshine on residents, it also brings a high rate of melanoma skin cancer, according to the CDC.
25 Jan 2018
17 Jan 2018
Owning a credit card in 2018 may become more lucrative, says BBVA Compass Head of Payments Jon Groch.
According to Groch, rewards – or more precisely, the proliferation of them – is one of the biggest trends for credit cards in 2018. Other trends, he says, underscore the same emphasis on the consumer, as well as strategies to differentiate and distinguish individual cards and credit card issuers from one another.