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”.
17 Apr 2019
Forbes magazine has included BBVA as one of the ‘Blockchain 50,’ a list that recognizes the leaders in the use and development of this exponential technology. The U.S. publication specifically focused on BBVA’s efforts in the area of blockchain-powered syndicated loans, which are used by the bank to further transparency, security, and efficiency throughout its business processes.
16 Apr 2019
Each year Propel Venture Partners holds an annual summit for the businesses it invests into through it’s single limited partner, BBVA. The event in Silicon Valley is a chance for updates, shared learnings, introductions and to discuss the kind of technology and drivers that will shape the sector in the coming years.
12 Apr 2019
BBVA Group executive chairman outlined the importance of the shared ecosystem to building the future of financial services at the Propel Venture Partners annual summit, an event for fintech CEOs celebrated this week in San Francisco, California.
11 Apr 2019
José Manuel González-Páramo, BBVA’s Head of Global Economics and Public Affairs, at a meeting organized by the Institute of International Finance (IIF) in Washington, D.C. defended a regulatory framework for the financial sector that promotes the potential benefits of Distributed Ledger Technology (DLT). Blockchain, as the first fully functional DLT, was key to the discussion.
12 Mar 2019
BBVA’s Global Head of Client Solutions, Derek White, told a conference in the Spanish capital Madrid this morning that it was crucial the customers win ‘The Game of Data’.
04 Mar 2019
We interview Jon Groch, BBVA Compass Payments Director
21 Feb 2019
One of the guardians of the world´s financial systems has issued a new report urging global authorities to stay vigilant against potential fintech-related threats to financial stability.
20 Feb 2019
Between 2018 and 2022, the business springing up around technologies blending the real and virtual worlds is expected to grow 700%.
19 Feb 2019
The digital transformation of the world’s banking industry is a critical evolution that’s needed to ensure the sector stays relevant to its customers and clients.
18 Feb 2019
The relationship, amusingly portrayed as a love-in between big banks like BBVA and fintech start-ups, was the subject of special Valentines Day show in London last week.
08 Feb 2019
Social networks and the conversation created by the media on the internet provide a reliable source of information to gauge society’s feelings or perceptions on certain topics. In a new report, BBVA Research applies big data and artificial intelligence techniques to analyze the reach, the topics, the key players and the perception of the fintech phenomenon based on the information published on Twitter and traditional media.
29 Jan 2019
BBVA’s Group Executive Chairman Carlos Torres Vila explained just why cooperation between banks and the fintech ecosystem is key. He also made a powerful case for a G20 coordinated approach to digital regulation to foster innovation and drive competition at an event in Paris, alongside the IMF managing director, Christine Lagarde.
Google recently obtained a payment license in Ireland and Lithuania in order to offer payment services. Alipay, the financial division of Alibaba, received a similar license in Luxembourg. Facebook has had one since 2017. These licenses open the door to Internet giants operating as payment service providers across Europe, allowing them to manage card payments and transfers, for example. Is this merely the first step to them becoming banks?
25 Jan 2019
We recently caught up with serial entrepreneur Joaquín Ayuso de Paul, CEO and founder of Denizen – a fintech company incubated in BBVA’s New Digital Businesses unit. Denizen has created the first truly global bank account for expats.
24 Jan 2019
22 Jan 2019
A digital banking pioneer in Turkey, Garanti was once again chosen as Turkey’s best for digital banking services, according to World Finance magazine.
15 Jan 2019
Fintechs and major tech corporations have started rolling out new financial services that have the potential to severely disrupt the financial sector. BBVA Research has just published “Digital Transformation and Competition in the Financial Sector,” a working paper that analyzes the regulatory challenges emerging in this new scenario to guarantee that customers can reap the benefits enabled by new technologies while ensuring fair competition conditions in an increasingly diverse ecosystem.
26 Dec 2018
Head of Customer Solutions Analytics & Open Innovation
24 Dec 2018
18 Dec 2018
BBVA is developing an open innovation program in the region, known as fast track, which makes it possible to streamline and make more efficient the processes that the Group develops together with startups to implement new digital products and services for the benefit of customers.
Atom and solarisBank, two companies in which BBVA holds a significant stake, included in KPMG’s ‘Fintech 100’ list. The report ranks the leading 50 ‘Established’ fintech companies across the globe, as well as the most captivating 50 ‘Emerging Stars’ with exciting, new products and solutions.
14 Dec 2018
Usually when BBVA Compass posts Fintech Friday, there’s a theme or a trend that the news cycle follows.
12 Dec 2018
11 Dec 2018
The conference “Decentralized World” was recently held at BBVA’s Open Space in Madrid, focusing on the decentralization of the economy and trying to unravel some of the possibilities that blockchain technology can offer for data management in the future.
10 Dec 2018
How will banks be impacted by big tech (Google, Amazon, Facebook, etc.) entering the financial services industry? Can regulation promote a level playing field? These are some of the questions raised at the “Big Tech Banking” event organized by CUNEF (University of Financial Studies) and the Spanish Banking Association (AEB). BBVA joined financial experts and regulators participating in the event, where a common thought prevailed: data will play a key role in the battle between banks and Big Tech.
08 Dec 2018
Biometrics, artificial intelligence, blockchain. These are just some of the technologies the bank is using to change the way it engages with its customers and clients, offering new experiences and streamlining processes. Technology adoption and collaboration with the fintech ecosystem is putting BBVA at the forefront of the financial sector’s digital transformation. This is no longer a vision of the future, rather the execution of projects with tangible results. Here are some of BBVA’s most notable achievements in 2018.
07 Dec 2018
No one can predict the future. But calculated forecasts can be made based off of robust information.
30 Nov 2018
23 Nov 2018
This Fintech Friday has a local spin to it, with a columnist out in the desert making a case for Arizona’s financial technology sector.
For second year in a row, the European Commission has recognized BBVA as one of the 36 corporates that are doing more to collaborate with technological startups.
16 Nov 2018
Mortgages and real estate were at the forefront of the fintech news headlines this week in the U.S.
15 Nov 2018
Upturn, a new venture incubated by BBVA and aimed at changing the financial health of up to 22 million U.S. residents a year, has today been launched in the U.S.
13 Nov 2018
The digital transformation is altering the Spanish economy as demonstrated by varying levels of ‘routinization’ in numerous fields and the growing relationship between average salaries and hardware and software use in different occupations. These are some of the conclusions detailed in a report prepared by BBVA Research, which analyzes the impact of the routinization and computerization of different manufacturing sectors, occupations, and employment profiles on the Spanish economy.
12 Nov 2018
U.S. digital bank Simple, which is owned by BBVA, has announced the appointment of David Hijirida as the company’s next Chief Executive Officer. Hijirida, who joins from Amazon, takes over from Dickson Chu who was working as the interim CEO of the bank, and who will remain as the Executive Chairman of Simple’s Board of Directors.
Who will win the battle between fintech and banks in an age where geographic borders matter less and data is a critical factor in business growth? Actually for BBVA Chief Executive Officer Carlos Torres Vila the answer is simple – it will be the customer. This was one of the key messages he delivered in front of several thousand people at the world’s biggest fintech conference in Singapore, earlier today.
09 Nov 2018
News headlines were heavy-hitting this week in the world of U.S. fintechs. The same outlet published two articles this week, one about possible challenges, and one about an ongoing alliance.
08 Nov 2018
The European Banking Authority (EBA) has just released its work programme for next year. Understanding the risks and opportunities arising from financial innovation and a better handling of data are some of the priorities the institution has outlined for 2019.