The coronavirus crisis may lead to a series of changes forcing many companies to rethink their business models. Startups frequently depend on funding, and some may be critically impacted. Still, others may find themselves in a stronger position thanks to their capacity to adapt to the changing landscape or because they provide digital services that have proven invaluable. Could the coronavirus crisis set the stage for the next big startup?
27 Apr 2020
“Recovery from the COVID-19 crisis should be green, inclusive, and resilient. The recovery is not at odds with sustainability; in fact, they should be aligned,” Antoni Ballabriga, BBVA’s Global Head of Responsible Business explained at a virtual meeting organized by Finnovating. José Manuel Marques, Head of the Financial Innovation Division at the Banco de España also participated in the forum.
19 Mar 2020
Propel Venture Partners, the independent venture capital fund backed by BBVA, is celebrating its fourth anniversary of business this year. In this interview, Propel Partner Jay Reinemann, explains in the entity’s journey in these years and what are its next challenges. “The fintech sector is only going to expand and innovate faster and faster,” says Reinemann. “It’s a great time to be working in this industry.”
11 Mar 2020
BBVA’s Open Innovation unit is charged with ensuring the bank stays up to date with the latest fintech disruption happening anywhere in the world.
09 Mar 2020
02 Mar 2020
24 Feb 2020
Fintech startups are transforming the path to homeownership with new financing models. Different companies in BBVA’s ecosystem are revolutionizing traditional approaches to home buying, creating new options that are helping consumers become homeowners, more easily, quickly, and with a more personalized experience.
21 Feb 2020
Kai-Fu Lee, one of the world’s foremost experts in machine learning, has praised the focus BBVA has on Artificial Intelligence during a visit to the bank’s dedicated AI unit
20 Feb 2020
The BBVA and Anthemis Venture Creation Partnership is helping U.K. based financial health business Wollit get off the ground with an integrated investment programme.
18 Feb 2020
BBVA’s Group Executive Chairman participated this Monday in the presentation of ‘Superpowers of Artificial Intelligence’, the latest book by Kai-Fu Lee, one of the world’s most authoritative voices in the field of Artificial Intelligence. Both were invited to feature as speakers in a discussion panel and share their insights into the technological revolution and how it is reshaping society. “Through data and artificial intelligence we can improve our customers’ financial health,” said Carlos Torres Vila.
03 Feb 2020
Mobile payments in Europe, QR codes in Latin America, and super apps in Asia: These are some of the trends that are getting the most traction across the globe in the digital payments arena. We review those initiatives that are making the biggest impact in each region.
27 Jan 2020
Holvi, the BBVA-owned digital banking specialist for self-employed business owners, has announced it is expanding into its third core market – the United Kingdom.
16 Jan 2020
BBVA’s ecosystem of innovation and fintech talent was key to the success of Lucas. This startup, which facilitates access to the purchase of a home, was able to find its main partners, develop a platform and launch its product on the market thanks to its access to BBVA Open Space’s network of contacts and advice. Now the startup is preparing for its first round of seed funding.
26 Dec 2019
Over the past year, BBVA Open Innovation, the area of the bank that works to connect with the FinTech ecosystem, has generated 310 interactions between entrepreneurs and business areas. Thanks to these contact points, BBVA successfully carried out 16 pilot tests with startups in 2019 alone, one third of which are now in the marketing phase. In addition, a further 38 collaborative initiatives are in the process of being defined and implemented.
16 Dec 2019
A European Commission (EC) expert group has called on regulators to respond to the changing nature of fintech to ensure customers can continue to see the rewards the sector brings.
13 Dec 2019
Last week, BBVA officially opened its latest Open Space, in Bogotá. Located in the heart of the Colombian capital, it is the third such space opened by the bank. The site, which led a previous life as a BBVA Innovation Center, has been under construction for the past year in preparation for its relaunch as Open Space Bogotá. Jaime Espinosa, Director of BBVA Open Innovation in Colombia, explains why the bank decided to launch a new Open Space, and the impact he hopes it will have on the local fintech community.
10 Dec 2019
18 Nov 2019
As part of BBVA’s commitment to improving its products and value proposition for customers, the bank continues reinforcing its love story with fintech startups. With its Open Marketplace platform, the group has challenged the startups to solve four technological challenges its business units have identified in process automation, energy efficiency, international transactions and corporate financing.
25 Oct 2019
The BBVA and Anthemis Venture Studio has announced its second partnership, with innovative homebuying fintech StepLadder.
16 Oct 2019
PSD2 is a European regulation for electronic payment services. It seeks to make payments more secure in Europe, boost innovation and help banking services adapt to new technologies. PSD2 is evidence of the increasing importance Application Program Interfaces (APIs) are acquiring in different financial sectors.
15 Oct 2019
11 Oct 2019
Bdeo, the winning startup for the fintech vertical at the South Summit competition, is proof positive that big companies and startups can successfully work together. Its remote claim verification solution is being used by BBVA Mexico’s insurance business, proving that efforts to find new value in the entrepreneurial ecosystem can translate into legitimate innovation for big businesses.
10 Oct 2019
With technology and digitization increasingly powering the global economy, the emergence of quantum computing could prove to be a significant catalyst for innovation and growth.
08 Oct 2019
BBVA has named the winner of its newly created Open Talent Award for Sustainability as Australian last mile start-up AgUnity.
07 Oct 2019
According to a KPMG report, payments will retain its position as the most significant area for fintech investment in the coming years. Regtech, cybersecurity, wealthtech and proptech are other sectors on the rise. These are areas of innovation and development that the BBVA Open Talent team is also seeing, as part of the around 800 entries to this year’s BBVA Open Talent Competition, the world’s biggest fintech competition.
27 Sep 2019
Last week, BBVA held the first Open Talks event in Portugal. Experts from Portugal’s innovation and fintech ecosystem gathered at the Tivoli BBVA Theater to share their insights and discuss the transformation challenges facing the country’s financial system.
25 Sep 2019
Cledara, which is innovating the Software-as-a-Service (SaaS) space with a ground-breaking subscription model, has signed on as the first of what is expected to be dozens of new ventures under the program.
19 Sep 2019
More than 750 applicants from in excess of 90 countries applied to the world’s biggest fintech competition this year.
12 Sep 2019
Garanti BBVA held the Turkish round of the world’s largest fintech competition, BBVA Open Talent, for the fourth time at the Impact Hub in Istanbul. Five startups reached the finals of the event, which encourages innovating businesses to submit cutting-edge creative projects that contribute to financial technology. Pisano was the event’s top prize winner and as such has qualified to attend the BBVA Open Summit in Madrid on October 24.
19 Aug 2019
Senior Manager, Digital Regulation and Trends
13 Aug 2019
12 Aug 2019
30 Jul 2019
When it comes to seeing what is coming down the line in financial services, the sector’s wide range of industry conferences is a great place to start.
08 Jul 2019
05 Jul 2019
In September last year, BBVA launched Open Marketplace – a new platform that streamlines the process of collaborating with a major global bank. How has it evolved, nine months on?
01 Jul 2019
There are just a few days left for those designing the future of banking to get their applications in for the 2019 edition of the world´s biggest fintech competition.
28 Jun 2019
21 Jun 2019
Continuous innovation and the gradual decline of the use of cash are giving way to a new digital monetary system. According to José Manuel González-Páramo, executive director and head of global economics and public affairs at BBVA, central banks must define the new role they will play coming out of this transformation.
12 Jun 2019
BBVA Executive Chairman Carlos Torres Vila has reiterated the importance of the bank operating globally if it is to meet its purpose of bringing the age of opportunity to everyone.
06 Jun 2019
How does BBVA-Anthemis partnership work, what is it trying to achieve and what will success look like? Gustavo Vinacua, Global Head of Venture Creation at BBVA, and Farhan Lalji, Venture Partnership Lead at Anthemis, revealed their new strategy at Money2020.
31 May 2019
BBVA continues to lead the pack in European mobile banking for the third year in a row, according to independent Research Firm Forrester Research. Garanti bank, BBVA’s franchise in Turkey, also had the second highest overall score.
28 May 2019
24 May 2019
Applications for BBVA Open Talent 2019 — the biggest fintech startup competition in the world — are open until 5 July 2019.
21 May 2019
The company, in which BBVA invested in 2018, was named best startup in growth stage at the Fintech Germany awards.
14 May 2019
The two Spanish companies have met with a selected group of Europe’s most promising startups and scaleups at an event promoted by the European Innovation Council (EIC) of the European Commission. 18 disruptive top-class innovators from 13 countries, including Spain, Portugal, France, Italy, Belgium, Switzerland, Norway were able to explain their proposals to the Open Innovation teams of both companies
09 May 2019
08 May 2019
This new payment method replaces sensitive debit or credit card data with a unique identification code called a ‘token,’ which is used during a digital transaction. Online transactions are therefore more secure because the customer’s actual card data no longer needs to be provided. BBVA has already committed to helping its customers adopt this new payment approach.
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”.