03 Aug 2018
The fintech world boasted big news this week.
27 Jul 2018
The latest developments in the world of fintech show promise in certain areas, and concerns in others, according to reports coming out of top credible outlets.
20 Jul 2018
A major superstore chain is making waves in the world of fintech news this week, lending to some interesting developments for an Oakland-based startup.
19 Jul 2018
Last year’s Open Talent global Financial Inclusion award winner, ePesos is connecting more of Mexico’s unbanked population with the financial services they need. BBVA speaks to Alex Martin, Director of Strategic Partnerships, to find out more about how ePesos has continued to contribute to the evolution and transformation of the economy in Mexico.
13 Jul 2018
Fintech news went the way of regulation both on a global and national scale this week. One constant is the rise in funding, which saw a spike in the last quarter.
Banks have clearly opted for financial technology, or fintech, to take on their new rivals, be they small startups or internet giants. However, the use of these technologies is more limited than it might appear. According to a study by the European Banking Authority (EBA), currently the majority of banks are focused on two lines of actions: biometrics for the identification and authentication of customers and the launch of mobile payment systems using NFC technology.
12 Jul 2018
Every year BBVA’s Open Talent competition sees an increasingly diverse range of entrants from all over the world, each of who is hoping to make business more effective through technology and the way it interacts with financial services.
11 Jul 2018
BBVA has announced the finalists of Open Talent, the world’s biggest fintech competition. This year marks the tenth anniversary of the competition, which has welcomed over 6,000 entries from start-ups in more than 80 countries since it launched.
06 Jul 2018
With Independence Day settling in during the middle of the week, Fintech news across the country still popped up consistently like 4th of July fireworks.
05 Jul 2018
Azlo is empowering a new generation of founders and entrepreneurs with the digital tools to access key financial networks and accelerate their economic opportunity. BBVA has incubated Azlo to help them achieve this mission and to better serve ‘gig-economy’ workers, that are currently underserved by the financial services sector.
04 Jul 2018
Garanti Bank’s modernization drive has now put the fruits of the burgeoning digital world at the fingertips of customers at 500 of its branches just a year after its revolutionary service model was introduced. The transformation effort of its entire branch network, which is on track for completion by year’s end, aims to allow one-stop, fast and easy access to a wide array of services.
03 Jul 2018
Artificial Intelligence’s greatest advances have yet to come, but the combination of big data with machine learning algorithms has already yielded benefits to the financial world daily operations.
Last month, Revolut became one of only five fintechs in Europe to achieve unicorn status, following a $250 million Series C funding round.
30 Jun 2018
BBVA Compass Head of Business Development Pepe Olalla recently spoke with Bank Innovation’s Tatjana Kulkarni in an interview posted in two articles, Zelle and Insurance on the Roadmap for BBVA Compass’s Mobile App and How the Innovation Team at BBVA Compass Focuses on Needs, Revenue.
29 Jun 2018
Every Friday, BBVA Compass, a leader in the U.S. digital banking revolution, publishes its weekly Fintech Friday article, giving you headlines you might have missed in the world of fintech across the U.S.
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.
19 Jun 2018
15 Jun 2018
Mexico’s BBVA Bancomer is the Group’s first bank to adopt the globally developed mobile banking platform. It will be gradually rolled-out across the rest of the countries where the Group operates, providing a speed-to-market advantage.
14 Jun 2018
Fintech expert Chris Skinner shared the stage with Carlos Kuchkovsky, CTO New Digital Businesses at BBVA, at Desafío Ingenia, where they debated the arrival of technologies such as artificial intelligence, the importance of data and new entrants in the financial services market.
08 Jun 2018
Digitalization is revolutionizing financial services, with the PSD2 directive speeding up the transformation. What role will traditional banks, fintech, and tech giants play in this new environment?
06 Jun 2018
04 Jun 2018
Consumer habits have changed. Users are increasingly demanding and want services that understand and meet their needs in the moment. How do banks adapt to this new paradigm? Eugenia Gibbons, the Global Head of Digital Sales and Customer Engagement BBVA, explained during the Adobe Summit 2018 that the key lies in creating one-click, intelligent and customized products.
01 Jun 2018
This year’s edition of the European event will bring together some of the most brilliant minds of today’s tech scene: from legends like Apple co-founder Steve Wozniak to the founders of some of the most successful fintech solutions, like Alipay. BBVA will also play a prominent role in the event, where it will share its view on the financial services of the future and its collaboration with the fintech ecosystem.
After receiving all necessary approvals, BBVA has completed the £85.4m investment into Atom, announced in March this year. With this transaction, BBVA increases its stake in UK’s first bank built exclusively for smartphone or tablet to 39%.
25 May 2018
BBVA has received another international award for its commitment to open banking. Trade publication Retail Banker International, which is part of the British platform Verdict, has given the bank the award for the world’s Best Open Banking services.
24 May 2018
This is the 10th edition of the Open Talent competition. Since it launched, 6000 fintech startups have been through the doors of BBVA, facilitating collaboration with the BBVA team and wider ecosystem. But what makes a winning entry that stands out from the crowd? And how can you craft a ‘pitch’ that resonates?
21 May 2018
In two weeks time, BBVA will be a five star sponsor at Europe’s largest dedicated financial services and fintech conference, Money20/20 Europe.
14 May 2018
London, Paris and Berlin have long been at the forefront of European efforts to create a startup community that can compete on a level with Silicon Valley. In terms of headcount, at least, they are nearly there. Recent data suggests that there are more than 515,000 software engineers spread between the three cities, not far off the Bay Area’s 564,000.
10 May 2018
BBVA’s independent venture capital business, Propel Venture Partners, has announced a new investment into UK online mortgage brokerage Trussle.
08 May 2018
The ECB has published a guide in which it explains the unique fintech characteristics it considers when granting licenses.
03 May 2018
The consultancy Accenture analyzes the inroads made by big tech in the financial sector and identifies five key steps banks need to take to create value in the face of advances made by fintech companies. BBVA’s focus on open banking and transformation in the digital era has been acknowledged by a number of institutions.
23 Apr 2018
19 Apr 2018
On Tuesday, April 17, a panel of fintech professionals, investors and entrepreneurs gathered at BBVA Open Space, BBVA’s innovation hub in the heart of Madrid, to attend the first edition of BBVA Open Talks in Spain, and try to answer a question that is becoming increasingly relevant in a context marked by artificial intelligence: “Are we aware of how we make decisions?”
18 Apr 2018
The fintech sector attracted $31 billion dollars in investment last year, with growth in the sector underpinned by venture capital, accelerators and consolidated companies. BBVA maintains an active strategy of investment, acquisition, tie-ups and the incubation of new companies in the sector.
With a little under a month to go until the world’s biggest fintech competition closes for entries, BBVA Open Talent has unveiled a new incentive to enter.
12 Apr 2018
11 Apr 2018
Some of the senior leaders from BBVA this week attended the Propel Venture Partners CEO summit in San Francisco.
06 Apr 2018
BBVA’s transformation into a digital business is continuing at pace, the latest statistics from the bank show.
03 Apr 2018
Finding funding is the main concern of the fintech sector in meeting growth and expansion targets, according to a new report published by the London Stock Exchange Group and TheCityUK. However, collaboration with big financial institutions on the basis of initiatives such as BBVA Open Talent is becoming increasingly important as a means of gaining presence in the market and driving fintech growth.
27 Mar 2018
This week in London, BBVA hosted a roundtable at the Innovate Finance Global Summit. This year’s event, held at the historic City of London Guildhall, brought together forward-thinking global leaders from seed stage start-ups to global financial institutions and professional services firms.
26 Mar 2018
When it comes to moving money, speed is of the essence. One of the clearest – yet invisible – obstructions to money movement is a national border. Every time a transaction must cross a border, it encounters a number of points of friction that slow it down. These can be currency exchange, platform changes, new settlement rules, or more.
23 Mar 2018
With over 150 startups registered in less than two weeks, the search continues for the best ideas, projects and solutions with the greatest potential to transform the future of financial services.
Distributed ledger technologies (DLT) are providing the breeding ground for a new type of apps that do not run on servers, but on decentralized networks. In a recent report, BBVA Research takes a look at the potential implications of this new generation of apps (DApps) and their role in shaping the future of Internet.
The relationship between banks and ‘fintech’ startups has evolved from mistrust to collaboration. Users, already used to enjoying improved customer experiences, may come out big winners. In this collaborative context, BBVA is mentioned as an organization that is “showing the world what the future of banking can be”.
21 Mar 2018
The BBVA Center for Financial Education and Capability has launched the first ‘Call for Expressions of Interest,’ an initiative aimed at fostering academic research in financial education and inclusion. This first edition will focus on six areas that address different global issues from diverse perspectives.
What happens when you choose a restaurant on the Internet? Or when you want to buy a book? Or find a song? Or get hooked on a new series? BBVA Data & Analytics in a new item for dissemination explains how the different recommendation systems used by Amazon, Netflix, and Spotify work and how they will extend beyond the consumer and entertainment sectors.
20 Mar 2018
The European Union has published its action plan for the promotion of the financial sector’s digital transformation. The plan includes the creation of an EU fintech laboratory to foster dialog between private and public sectors, the identification of best practices for regulatory sandboxes, and the creation of measures to facilitate the adoption of innovative technologies by the sector.
19 Mar 2018
BBVA is developing payment methods based on biometric technologies to make checkout at stores ‘invisible’. It is already being used in cafeterias and restaurants at Ciudad BBVA. More than 1,000 employees already use an app to automate payments and testing has begun on a biometric facial recognition system based on technology from the startup Veridas, a JV of BBVA and Das-Nano in 2017.
14 Mar 2018
Derek White, Global Head of Customer and Client Solutions at BBVA, took part in Money 20/20 Asia, the landmark event for the fintech sector, where he shared his take on the debate of who will corner the banking business in the future: Banks or Big Tech?
12 Mar 2018
08 Mar 2018
07 Mar 2018
BBVA is to increase its stake in UK digital bank Atom, after the Global Financial Group agreed to inject more capital into the mobile focussed business.
05 Mar 2018
BBVA Open Talent, the world’s biggest fintech competition, will this year mark its tenth anniversary by working with more start-ups than ever before.
Find out more and register for Open Talent 2018 here.
Top global banking regulators have shared their insights into the potential impact of fintech on the financial industry. A report by the Basel Committee on Banking Supervision analyzes how fintech can impact the banks and supervisors. This is something that, at least in the short term, may have been overstated. “Despite the significant number of financial products and services derived from fintech innovations, volumes are currently still low relative to the size of the global financial services sector,” says the report.
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.
28 Feb 2018
BBVA has presented the case of its digital transformation at the 13th Asia-Pacific High Level Meeting on Banking, held in Singapore. José Manuel González-Páramo explained BBVA’s digital business model to representatives of Asia’s most important central banks and financial institutions. He also discussed some of the regulatory challenges the region is facing, noting the need for international coordination on digital regulation in the financial sector.
Digital identity is the online version of an individual’s physical identity. It consists of all of the individual´s personal data that is available online —not just an email or physical address, but also pictures, banking info, shopping preferences. This identity is not uniform, as we share different attributes in different platforms. In other words, we don’t share the same type of information on LinkedIn and Facebook, for example.
27 Feb 2018
26 Feb 2018
A report by Standard and Poor’s Global (S&P) analyzes the potential impact on the financial sector of the entry of tech giants such as Google, Apple, Facebook and Amazon. Although no immediate changes to bank ratings is foreseen, the report points out that in the long term these companies are well placed to get a position in segments of the chain such as payment systems.
23 Feb 2018
22 Feb 2018
Brussels attempts to organize member initiatives through the creation of the Blockchain Observatory—a technology the EU has invested in since 2013 through its Research and Development programs.
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 regulation of the digital world is a key issue for Latin America and a necessary condition for achieving relevance in this field on a global level. So far, Latin American regulators have adopted a “wait-and-see” attitude that aims to avoid slowing down innovation. However, a lack of action on the regulatory front could put the brakes on innovation in industries such as finance.