Financial and commercial services
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.
09 Jan 2018
BBVA offers its private banking clients access to the best art advisory service in the world, to help them develop their taste and passion within the most promising sectors of the art market. BBVA has partnered with The Fine Art Group, a global art and finance house, to provide its clients with an art advisory service. But, what does art advisory really entail?
04 Jan 2018
Ignacio Echevarría, BBVA’s Head of Wholesale Funding and Capital Management, explained in the El Catalejo (“The Spyglass”) the factors that, in his view, will determine the evolution of capital markets in 2018.
28 Dec 2017
Sustainable Development is essential to achieving more peaceful and just societies and the United Nations counts on the private sector to help in this effort. The BBVA Microfinance Foundation (BBVAMF) has contributed its experience in the finance sector to the report entitled “Business and SDG 16: contributing to peaceful, just and inclusive societies,” drawn up by the Sustainable Development Goals Fund and the University of Pennsylvania.
26 Dec 2017
The beginning of the normalization of monetary policy in 2018 should bring greater profitability for banks, a larger investor appetite and a positive outlook for the stock market. However, what is perhaps more important, the new policy will enable banks to meet one of their principal goals: supporting economic growth by financing companies and private individuals.
20 Dec 2017
BBVA in Switzerland has just become the first private financial institution in the country to offer its clients the digital signature service, which facilitates the management and signing of documents and provides an improved user experience.
What is the future of fintech? A group of experts recently met in the European Parliamentary Financial Services Forum (EPFSF) to discuss the European Fintech Action Plan. The meeting brought together about 60 representatives of the European Parliament, the European Commission, consumer groups and the financial industry. BBVA was represented by Alvaro Martín, Head Economist for Digital Regulation at BBVA Research.
The debate revolved around the following questions:
17 Dec 2017
Argentina’s small and medium sized enterprises, despite being pummeled by taxes and struggling to access credit, managed to survive the collapse of consumption. Now, they are gearing up to capitalize on the improving economic outlook, thanks to the lending and tax measures that the government will roll out in short to encourage them to invest. Four our of every 10 companies say they intend to do so.
13 Dec 2017
BBVA Group Chief Risk Officer (CRO) Rafael Salinas analyzed the challenges of digital transformation and the rapid evolution of technological developments in risk management at the event entitled ‘CRO Forum, Rethinking Risk Management’ organized in Amsterdam by RiskMinds International.
04 Dec 2017
Regulators and supervisors are facing an enormous challenge: how to deal with digital innovation in banking. According to BBVA’s Head of Regulation, José Manuel González-Páramo, the three main short-term challenges are establishing a level playing field, creating regulatory sandboxes and guaranteeing cybersecurity.
BBVA Global Wealth held the second edition of its Next Generations Madrid program, intended for second generations of Private Banking customers. The purpose of the program is to bring value to customers’ families, providing them with a specific educational experience.
23 Nov 2017
The Financial Stability Board (FSB) has just published the list of Global Systemically Important Banks (G-SIBs) for 2017. The number of institutions remains the same, but with three significant changes. Systemic banks have a major impact on the economy, but what makes them different from the rest?
17 Nov 2017
BBVA backed Atom Bank has been named as one of the world’s top ten fintech firms for the third time in a row.
08 Nov 2017
06 Nov 2017
‘The Banker’ magazine, of the Financial Times group, has named BBVA Spain as the best private bank in the world for digital communication and BBVA Bancomer as the best private bank in Mexico. Meanwhile, ‘World Finance’ magazine has selected BBVA Continental as the best private bank in Peru.
25 Oct 2017
BBVA Group Executive Chairman Francisco González, and the Chairman of the CAF -Latin American Development Bank-, Luis Carranza, signed a memorandum of understanding (MOU) that strengthens their ties in Latin America and formalizes the existing institutional relationship the two organizations have shared for many years.
23 Oct 2017
Last week BBVA announced that AI-based personal money manager startup Change had won its Open Talent Global award for best fintech idea. Change, an Israeli outfit that works in the U.S. and Canada, uses artificial intelligence to help customers keep track of their money, giving them a nudge via an SMS when they are overspending.
19 Oct 2017
An artificial inteligence startup aiming to give everyone their own virtual personal money manager has been named as the winner of the 2017 BBVA Open Talent Competition. Israeli high-growth outfit, Change, beat off strong competition from almost a thousand entries from dozens of country around the world to secure top spot in the world’s biggest fintech competition.
17 Oct 2017
The European Commission has published a legislative proposal to create a sort of European Securities and Exchange Commission – that is, a European agency that would centralize some of the stock exchange supervision competencies of the national authorities. Once it is approved, part of the activity that takes place on the European exchanges would come under control of the new European authority.
13 Oct 2017
The European Central Bank has launched a public consultation on an addendum to its guidance to European banks on non-performing loans (NPL). The addendum specifies that as of January 1, 2018 banks must completely provision for the unsecured portion of all new NPLs after two years at the latest and for the secured portion after seven years at the latest.
The Financial Stability Board (FSB) is an international body that oversees the proper running of the financial system by promoting oversight and regulatory policies.
12 Oct 2017
Garanti Bank, always focused on facilitating its customers’ lives with its approach of delivering innovative products and services, has launched a new service model with the aim of offering an all-around excellent banking experience. Within the scope of Garanti’s service model, which represents a new era in the Turkish banking sector, all Garanti branches are evolving into an innovative structure built on digitalization where the customers are able to benefit from all kinds of services in a one-stop banking system in the fastest and easiest manner.
10 Oct 2017
The country risk premium is the return that investors demand from a country to buy its sovereign bonds in comparison with that demanded from other countries. It is calculated as the difference between the interest rate of a country’s bonds compared to bonds issued by a benchmark country, considered “riskless.”
09 Oct 2017
The best way to specialize in the broad world of finance is by earning one of the degrees that we discuss below. Each one focuses on a specific field of finance and adds the kind of gloss that can make a job candidate’s resumé stand out from the crowd.
04 Oct 2017
The European Commission has unveiled a plan to bolster the development of financial technology (fintech) and he creation of new tools to combat cybercrime. According to a commission report, “European consumers, investors and businesses will benefit from stronger and more integrated financial markets.”
In the month since Harvey hit Houston, BBVA Compass has published a series of articles to help its customers and the public at large understand the city’s new reality, how to move forward, and how the bank will be there to provide support.
29 Sep 2017
BBVA Compass has appointed its former Chief Fiduciary Officer Donette Stubblefield as its new Houston Market Global Wealth Executive, where she will lead all Global Wealth operations in the market.
27 Sep 2017
BBVA’s Board of Directors resolved today to approve the payment of an interim dividend for 2017, for a gross amount of €0.09 per share, to be paid on October 10.
26 Sep 2017
Speaking this morning at the 22nd annual meeting organized by Bank of America Merrill Lynch in London, Chief Financial Officer Jaime Sáenz de Tejada explained some of the key aspects BBVA’s strategy to investors. “BBVA is well positioned for the new growth cycle”, thanks to a solid balance sheet and capital position, as a result of the company’s efforts in recent years, its geographic diversification and forward-looking transformation strategy.