BBVA and Das-Nano demonstrate the potential that can come out of alliances between small and big business. Veridas represents a milestone in the development and launch of innovative payment solutions and user identification at BBVA Group. “Our technological developments are on par with the best in the world,” says Eduardo Azanza, CEO of Veridas.

This week, a quick wrap-up of the top fintech stories:

BBVA has become the first bank in the U.S. to offer a full suite of Banking as a Service products after its BBVA Open Platform program moved out of beta.

BBVA Compass last week announced that it had been named a leader in Customer Service and Ease of Use by Javelin Strategy & Research in their 2018 Mobile Banking Scorecard.

Technology is now disrupting every sector from retail to recruitment, and financial services are no different. What is different is how the incumbent players in the sector choose to respond. Do they collaborate, challenge, or do nothing?

The International Monetary Fund and the World Bank Group this week launched the Bali Fintech Agenda, a set of 12 policy elements aimed at helping member countries harness the benefits and opportunities of rapid advances in financial technology.

The BBVA Compass Mobile Banking App was named a leader in both the ease of use and the customer service categories in Javelin Strategy & Research’s 2018 Mobile Banking Scorecard, marking the fifth consecutive year the app has been recognized as a leader in mobile banking by the independent research firm.

Cash or card? The numbers opting for the latter continue to grow, especially among young people – the millennial generation – and in large cities like Madrid and Barcelona. Additionally, with ever-present POS’s and more and more retailers who accept them, card payments are increasingly frequent, even for low value transactions. These are some of the conclusions reached by BBVA Data & Analytics and reported by BBVA Research in a study about spending habits in Spain: The use of cash is on the decline and digital payments are increasingly popular.

A fintech firm has some big aspirations, and not just in the money it wants to raise, but the company it aspires to be.

Imagine a world where applying for a bank product is made possible by simply downloading the bank’s own mobile app, without having to go into a branch first – or ever.

The paradigm shift that will shape the future of banking was the subject of a keynote address by BBVA’s Derek White in Madrid this week. “BBVA is taking on Big Tech and building the future of banking”, he said.

‘BBVA AvalBox’ is the new BBVA digital tool that allows for the first time in Spain to request, present and consult guarantees online. In doing so, BBVA has simplified a process that up until now could only be carried out in person and on paper.

BBVA’s executive chairman, Francisco González, believes that the success of a company’s transformation is directly related to employee talent. “To have excellent people is a must” he said at the South Summit, an event held in Madrid this Wednesday. “If you don’t have the best people, it’s impossible to advance.”

This open-source blockchain platform has made its way into different sectors of the economy and aims to become the blockchain technology standard in the world of business. BBVA is an official member of the Hyperledger consortium and has used its technological platform to manage blockchain-powered corporate loans.

The software company Salesforce is celebrating its annual meeting Dreamforce, aimed at showcasing excellence when it comes to customer engagement and experiential design.

The BBVA Compass Mobile Banking App is now in its ninth year, and the award-winning app continues to improve functionality with each new release, including its latest update announced last week.

BBVA backed digital banking platform Simple is shaking up the U.S. savings market by introducing a sector leading rate for consumers.

Developments in the U.S. fintech world reached the federal level this week (more so than usual).

For the first time in Spain, BBVA will allow products contracted by customers with other banking institutions to be added to its mobile banking app. The information will be included in Bconomy, the tool that examines the income and spending of users to provide an analysis of their financial health and a more complete view of the state of their finances.

The Mobile Monday series has been exploring the different features and functionality of the BBVA Compass Mobile Banking App. But, did you know that there is another way to discover the many features of the award-winning app? The BBVA Compass Mobile Banking App’s convenient assistance center has the answers you need.

Francisco González weighs in on the challenges of the financial sector to compete with big tech firms in an article published on the ‘Singapore Summit’ website. BBVA Group Executive Chairman participated this weekend in the event – which analyzes Asia’s role as the driver of world growth – and in the annual meeting of the International Advisory Panel (IAP) of the Monetary Authority of Singapore (MAS).

New York State made a big splash in the fintech news headlines this week, which could (or not) create a ripple effect.

Has this ever happened to you? You’re at dinner and picking up the bill. You reach for your wallet only to discover it’s not there. You’ve forgotten it. With the BBVA Compass Mobile Banking App, what could have been an embarrassing problem is no problem at all.

BBVA’s executive chairman Francisco González took part in a presentation in Madrid of Dr. Peter Weill’s new book, ‘What’s Your Digital Business Model?’ Professor Weill is chair and senior research scientist for the Center for Information Systems Research (CISR) at Massachusetts Institute of Technology (MIT).

Fintechs are on the rise. Obvious statements aside, there is proof that many are taking notice of the fintech trend happening across the country and globe.

What is BBVA’s strategy for transforming the bank into a truly digital company?

BBVA’s digital transformation has always been as much about serving customer needs as it has been about securing the future of the bank. In fact the two are synonymous, by ensuring customers can bank when, where and how they want to – including on the device of their choice – BBVA is building a bank that better serves their needs.

Amid increasing numbers of fintechs joining the financial industry and burgeoning investment in them – Accenture reports $27.4 billion was spent financing fintechs in 2017, an 18 percent increase year-over-year – there has been much hand wringing and discussion about the future of incumbent banks. For BBVA Compass Head of Business Development Pepe Olalla, the future isn’t so murky.

“When people say the next industry to be disrupted will be banking, and that it will suffer what media or the music industries have suffered, I tend to disagree,” he says.

Marga Barrera, Global Head of Design and UX (User Experience) at BBVA, speaks with Spain’s leading business newspaper, “Expansión” about her role and the effort her team is making to transform the bank into a digital business that delivers value-added products to its customers every quarter. “Design is a profession on the rise, that will have a lot of influence in the coming years.” states Barrera who emphasizes that in the current climate where companies are competing for talent with big firms like Microsoft, a commitment to design is essential.

Thoughts were shared recently about what potential fintech entrepreneurs should be wary of when first starting out. A particular piece by Forbes outlines key tips from top leaders in the fintech world, including representatives from companies such as Instant Financial, Alpha Vantage and more.

BBVA Compass recently announced the integration of BBVA Compass Financial Tools into its latest Mobile Banking App release. The tools are made available in coordination with MX, the leader in actionable financial data, based in Lehi, Utah.

Instant credit? With the BBVA Compass Mobile Banking App’s Payments & Transfers functionality, it’s possible. All you need is a BBVA Compass credit card and a BBVA Compass account. Here’s how it works.

New doors may be opening for some fintechs across the country, at least according to one news source.

BBVA enables customers to manage security levels on their smartphones from a single point in the app. Users can configure the “security area” from the menu, and they can disable functionality for all their accounts and contracted products or even hide them from view. This is how BBVA Spain’s app, recently recognized for the second year in a row by Forrester Research as the best in Europe, has become a veritable remote control for mobile customers. Users can configure all the app’s permission settings and enable travel mode.

The Boston Consulting Group (BCG) recently released research aimed at demonstrating the importance of digital transformation in corporate banking. In the research, BCG underscored the notion that for lasting and meaningful digital transformation, banks need to develop a clear vision for the future of banking, formulate a comprehensive strategy of how they will evolve alongside it, and plan their initiatives accordingly.

Getting paid to shop may sound like a dream, but Simple Cash Back rewards makes it a reality. Available through the BBVA Compass Mobile Banking App, BBVA Wallet or Online Banking, the feature allows customers with a consumer BBVA Compass debit or credit card to earn cash back on purchases.

The ripple effects from the Office of the Comptroller of Currency announcing it would accept applications for banking licenses from fintechs are still being felt.

The Boston Consulting Group (BCG) recently released research aimed at demonstrating the importance of digital transformation in corporate banking. In the research, BCG underscored the notion that for lasting and meaningful digital transformation, banks need to develop a clear vision for the future of banking, formulate a comprehensive strategy of how they will evolve alongside it, and plan their initiatives accordingly.

BBVA Compass gives customers the ability to take control of their finances with its latest Mobile Banking App release which integrates BBVA Compass Financial Tools.

Once upon a time, not so long ago, sending money was a tedious, often time-consuming task. Now, with the advent of the smartphone and mobile banking apps, sending money doesn’t need to be time consuming or burdensome. With the BBVA Compass Mobile Banking App sending money is easier than ever.

BBVA’s efforts to foster product sales through its digital channels have been well received by customers. Customer adoption of digital channels -and sales across these channels- have seen increasing growth month after month.

There has been a healthy amount of debate regarding a national fintech charter that was announced last week by the Office of the Comptroller. The U.S. Treasury has also been in the spotlight among columnists in the financial industry.

BBVA, a pioneer in real-time customer enrollment, has enhanced its online sign-up process. Last year, the bank announced the creation of Veridas, a technology company specializing in authentication systems. BBVA founded the new company with Das-Nano, a startup based in Spain’s northern Navarre region. The joint venture has already produced results: now anyone can sign up as a BBVA customer, from anywhere and at any time, by simply sendingtheir photograph and a video to the bank.

World Finance Magazine and European CEO Magazine pay tribute to the BBVA unit’s achievements in customer experience and digital transformation. Garanti has been named as “the Best Retail Bank in Turkey” by World Finance Magazine and as “the Best Retail Bank in Europe” by European CEO Magazine in recognition of the quality of customer experience it delivers, the digital transformation of its branches and innovative projects and solutions such as its instant e-commerce loan.

Updating the preferred contact information on file with your bank shouldn’t be a long, tedious or frustrating process that involves weaving your way through an automated phone system. With the BBVA Compass Mobile Banking App, it’s not.

As Jorge Soto noted in conversation with BBVA, increasing connectivity is making developing economies a hotbed of innovation in financial services: “It is empowering startups to create relevant solutions to the bigger and more significant challenges that still exist in those markets, which have largely already been solved elsewhere.”

The fintech world boasted big news this week.

BBVA Bancomer is the first bank in Mexico to use artificial intelligence integrated with WhatsApp’s technology. Its virtual assistant facilitates the bank’s communication with both customers and non-customer users, answering questions about branch location, how to open an account, and suggestions on how to use the bank’s digital services.

Cristina de Parias holds an undergraduate degree in Law from Universidad de Sevilla and an MBA from IESE. Since her appointment as Head of Spain in 2014, she’s tackled some major challenges, such as the integration of Catalunya Caixa in 2016 and expediting BBVA Spain’s digital transformation efforts.

Her career has always been linked to the financial industry, where she started working more than 25 years ago. She joined the BBVA Group in 1998 as head of Personal Banking and Methods of Payment. Between 2004 and 2008 she served as Managing Director of Uno-e.  In 2008 she was appointed Head of Digital Businesses, Innovation and Development and in 2011 she became the first woman to head a Territorial Directorate, the Central one.

Born in Seville, married and mother of four, she travels constantly across Spain. Her associates define her as a thoughtful, very intuitive and approachable person. She loves going on walks, reading, film and travelling with her family. Great Place to Work recognized her as the Best Manager of 2016.

BBVA’s Garanti Bank was singled out as the only Turkish bank among the ‘Most Honored’ financial institutions in this year’s Emerging EMEA Executive Team: Leaders survey by Institutional Investor Magazine (IIM). Garanti CEO Fuat Erbil and IR Head Handan Saygin were also recognized.

Computer programs that automate processes are already common in banks. They cut costs, improve efficiency, but what is more important is that when combined with artificial intelligence, they open the door to greater advances.

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.

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.

BBVA Compass recently announced the launch of two new industry-leading fraud prevention and account reconciliation products, BBVA Compass RealTimeARP™ and BBVA Compass RealTime Positive Pay™. Shortly after the launch, we took a closer look at Positive Pay. Today, we put the bank’s ARP product under the microscope.

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.

Fund managers are easing their way into the digital world but will have to up the ante as customer experience and customized offers become a must for their survival.

Garanti Bank has been recognized as the “Best Bank in the Central and Eastern European Region” in this year’s edition of the Awards for Excellence organized by Euromoney, one of the world’s leading finance magazines.

The future of the financial sector lies in its seamless integration into all sorts of devices. Biometrics, APIs and chatbots… there is mounting evidence that we might be in the early stages of the new era of  everywhere banking.

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.

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.

Thanks to machine learning, chatbots are already becoming much more than a mere “always-on” tool used for interacting with the bank.

Last month, Revolut became one of only five fintechs in Europe to achieve unicorn status, following a $250 million Series C funding round.

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.

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.

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.

BBVA’s Global Head of Customer and Client Solutions, Derek White, has been interviewed by leading Spanish newspaper Expansión.

Over three days experts in finance, fintech and technology debated in Salzburg (Austria) the import of the challenge posed by technology for the economy and the financial sector. The disruption brought on by the massive adoption of new technologies has quickened the pace of change facing institutions. They also face the task of attracting customers in an environment in which there is much more supply.

Blockchain, more regulations, emerging niche markets such as ‘insurtech’ y ‘regtech’… The future of fintechs has yet to be written but the trends shaping their future in the short- and medium-tern are already clear.

BBVA’s digital customers have once again set new records in their adoption of the groups digital channels and offerings, the bank is reporting.

We are witnessing the birth of a new generation of consumers. The latest generations – “millennials” and “centennials” – and those who are no longer so young but have quickly migrated to the new technologies, are setting the course for the economy in general and for banking in particular. Their new patterns of behavior and consumption create needs that change as quickly as the digital environment. It is essential that banks understand these needs so that they can help their customers make better financial decisions.

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.

On the back of increased web attacks, the priority of cybersecurity has increased for businesses and banks worldwide. How do financial institutions balance this risk with the need to expand their digital services?

Picture walking up to a digital banking kiosk, opening up an account, and subsequently receiving your personalized debit card almost immediately. Take a trip to the other side of the world, and you’ll discover that this is now a reality. But is there a place for something like this in the United States?

BBVA’s mobile banking app has been named a leader in Europe. According to the report published today by Forrester Research, ‘The Forrester Banking Wave: European Mobile Apps – Q2 2018’ BBVA has the top-ranked app with an overall score of 87/100. Forrester assessed 12 mobile banking apps from top financial institutions on the continent. Garanti, BBVA’s Turkish franchise, took the second spot in the same evaluation. BBVA also took the top spot in last year’s analysis also published by Forrester.

A study reveals that banking applications in the U.S. are already being used to the same degree as social media and weather apps.

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?

One of the recurring themes at this year’s Money 20/20 Europe conference was undoubtedly the power good data has to help businesses evolve.

Data is often cited as being the new oil when it comes to the question of what is the world’s most valuable resource.

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.

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.

When your debit or credit card is lost or stolen, it can take time and effort to report it as such – time that you might not have when trying to avoid fraudulent charges. With the BBVA Compass Mobile Banking App you are in control of your financial life, which means you can quickly and easily report your card lost or stolen, directly in the app.

At BBVA Compass, digital transformation has been taking place across the bank from Engineering to Talent & Culture. Leading the charge for the transformation of the bank’s products and services has been the bank’s Business Development unit, under the leadership of Pepe Olalla.

It’s a challenging enough road for small businesses to navigate in order to cultivate success in a competitive atmosphere. Tangling that web even further is the strong momentum of the digital wave.

José Manuel González-Páramo took part in a panel discussion on the future global financial regulation at the spring meeting of the IIF (Institute for International Finance) in Brussels. In his opinion, the new regulatory framework should be based on five pillars: 1) focus on risks and activities rather than institutions themselves, 2) have an holistic approach, 3) be transversal and coordinated, 4) be flexible y 5) have a skeptical approach to technology with regulators focusing not on technology itself but on its use and effects.

BBVA Group Executive Chairman Francisco González thinks it is necessary to establish “a new global regulation,” one that could benefit society as a whole with all the opportunities the digital era has to offer.  “We are living an unprecedented revolution, that could bring a never-before-seen level of well-being if we manage to make progress in a new legal architecture,” he pointed out during a meeting at the Institute of International Finance (IIF) in Brussels.

BBVA has unveiled Valora View, the first app in the European Banking sector using augmented reality to help prospective buyers or renters find a home. With this new free service, available for both customers and non-customers of the bank, BBVA launches a tool that, harnessing the power of big data, is capable of providing users with recommended purchase or rent prices for a specific property. And not only that: The application can also provide advice on whether it makes more sense to buy or rent, and even run mortgage simulations.

In Europe, 2018 has been off to a busy start in terms of regulation, with major changes that affect a broad range of industries, including the financial sector. First, in January, the second payments services directive came into force, while the new general data protection regulation (GDPR) will kick into force in May 25. Although the connection between both regulatory initiatives may not be evident, they pursue common goals: To allow citizens to control their personal data and increase security.

BBVA’s independent venture capital business, Propel Venture Partners, has announced a new investment into UK online mortgage brokerage Trussle.

Digital banking offers both customers and clients alike massive potential. The accessibility, control and extra insights being a digital banking user can deliver are huge, and for BBVA it’s a model it can use to help people make better, more informed decisions.

Mobile means digital, which means real time access, anytime, all the time. Paper statements that show transactions from a month ago may no longer make sense. The BBVA Compass Mobile Banking App allows customers to decide for themselves.

Imagine a Spanish SME asking for a loan in Germany; an Italian easily transferring money to Portugal or a French person taking on a mortgage in the Netherlands.   All of this forms part of the fledgling European capital markets and banking union. What remains to be done? BBVA is one of the few European banks to address these issues at the joint conference of the European Commission and the European Central bank held today in Frankfurt.

The changes and updates to functionality in the BBVA Compass Mobile Banking app continue to impress customers, judging by a stout 30 percent year-over-year jump in mobile active customers.*

Payroll doesn’t have to be overwhelming. With the BBVA Compass Mobile Banking App, small business owners can pay employees directly through the app.

As a business owner, you’re constantly on the go. Adding the BBVA Compass Mobile Banking App to the arsenal of tools you use to manage your business can help.