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Financial inclusion

Today

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.

29 May 2018

25 May 2018

In the future, artificial intelligence will, among many other things, allow to develop helpful customer products for unbanked segments of the population. “Artificial intelligence and financial technologies create opportunities for the democratization of finance,” said Álvaro Martín, Head Economist of Digital Regulation and Trends at BBVA Research, during the meeting of the Institute of International Finance (IIF), held in Brussels. In his opinion, “artificial intelligence, big data and cloud computing will boost financial inclusion”.

20 Apr 2018

29 Mar 2018

HOUSTONBBVA Compass and Opportunity Finance Network today announced the names of the 27 dedicated leaders at community development financial institutions who were selected for the 2018 Opportunity Fellows Program, their joint initiative to boost the CDFI industry’s leadership ranks and spur greater access to capital in under-resourced communities.

02 Mar 2018

21 Feb 2018

10 Jan 2018

14 Dec 2017

The U.S. Congress got a step closer to improving access to mainstream financial services for the underserved and unbanked with the inclusion of the MOBILE Act (H.R. 1457) as part of an amendment to the banking regulatory relief bill that was reported out of the Senate Banking Committee last week, and the standalone bill reported out (by 60-0 vote) of the House Financial Services Committee this week.

16 Nov 2017

Money 20/20 Las Vegas is without doubt one of the showcase events for technology and financial services in the world. Every years thousands of people involved in the industry, from big banks like BBVA to technology firms like Google and most importantly innovators and start-ups, gather to discuss the future of the industry.

13 Nov 2017

24 Oct 2017

For the banking industry, the digital revolution has brought new technologies and new types of customers and competitors. But it has also created a new set of ethical responsibilities regarding cybersecurity and the use of data. José Manuel González-Páramo, BBVA’s Executive Director, talked about those ethics, and the opportunities and challenges of digitization, during a speech at the Atrium of the Gentiles, a cultural dialogue organized by the engineering school ICADE and the Ecumenical Social Forum of Madrid. He said these ethics will require acting from a triple perspective: educational, business and regulatory

16 Aug 2017

Open Talent has evolved from a unified competition for technological companies to one divided into categories that supports all kinds of entrepreneurs in innovation from many countries. It has developed every year since 2009 to help more new entrepreneurs.

17 Jul 2017

Cell phones have become an indispensable element or our lives. The small screen that holds hundreds of applications and resources for work or play facilitates our day-to-day life. And, in developing countries, the cell phone can be a powerful tool for improving the health, education or the income of the poorest people.

07 Jul 2017

The agility, price and quality of digital services benefit customers, according to BBVA Executive Director José Manuel González-Páramo. At the Young Ibero-American Leaders Convention, organized by the Carolina Foundation in Madrid, he explained the benefits of the digital age for customers, especially in Latin America where a large portion of the population does not have access to financial services. “Customers are the main beneficiaries of the technological change we are experiencing. The opportunities enabled by digitization give more power to them,” he indicated.

At a debate about the opportunities offered by digitization, he noted that “the immense agility” with which customers can be reached, “the prices that are so low” compared to the past and “the quality of services” benefit customers.

23 Jun 2017

How peoples’ behavior affects the economy and how their conduct can be educated so they can aspire to a better present and future wellbeing. That was the central idea of the panel Behavioral economics and financial education, moderated by Jorge Sicilia, director of BBVA Research. The participants included Josh Wright, executive director of Ideas 42; Carlos Ramírez, chairman of the National Commission for Retirement Savings of Mexico and Hugo Ñopo, senior researcher at the Group for the Analysis of Development (GRADE).

16 Jun 2017

BBVA Executive Director José Manuel González-Páramo today closed the EduFin Summit in Mexico, which the bank organized. In his opinion, “we are at a key moment in the development of financial education”, due to the socioeconomic changes taking place, the growing complexity of financial products and the digital transformation of banking.

15 Jun 2017

Education and financial inclusion are the principal themes of EduFin Summit 2017, the first global encounter organized by the BBVA Center for Financial Education and Capability. For two days, the world´s leading experts will meet in Mexico City to discuss how to help people improve their lives and access new opportunities, by means of financial knowledge.

14 Jun 2017

02 Jun 2017

23 May 2017

03 May 2017

19 Apr 2017

“Data is the fuel of the new economy and big data is its engine”, said BBVA Executive Board Director José Manuel González-Páramo, during a talk at John Hopkins University in Washington, D.C. With these words, he summarized the impact of the Fourth Industrial Revolution, which is also causing a radical transformation of the financial sector. This revolution is causing us to “rethink traditional retail banking.”

31 Mar 2017

22 Mar 2017

B20 (the official business dialogue of the G20) defends that the world’s 20 most developed countries should promote inclusive growth, while ensuring the financial stability of the system. BBVA Executive Board Director José Manuel González-Páramo, in his capacity as co-chair of the Financing Growth and Infrastructure taskforce, explained today in Paris the importance of developing a coherent and proportionate regulatory framework, especially in the digital regulation arena, as fundamental pillar to promote inclusive growth.

09 Mar 2017

08 Mar 2017

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Almost seventy years since it was first recognized as a universal right, in 1948, gender equality is still far from being a done deal. Indeed, despite representing 50% of the labor workforce, women are responsible for just 37% of the world’s GDP. According to the World Economic Forum, a series of measures are expedited, economic gender equality will not be achieved for another 170 years.

28 Feb 2017

Financial inclusion has emerged as one of the priorities in the G20’s agenda, as it is an essential ingredient for economic development and the reduction of poverty. New technologies, especially the use of the mobile phones, are now becoming catalysts of this small revolution that will allow huge segments of the population that remains unbanked as of today to gain access to financial services.

23 Feb 2017

Thirty years ago, microfinance revolutionized the market with affordable loans for the disadvantaged. Until then, the most vulnerable population segments were left out on the fringes of the financial system, and had no way of accessing credit. Today, with 2 billion adults still unbanked, new technologies are emerging with the potential to reach more people at a lower cost. But this opportunity is having a challenging impact on the current microfinance model, which was built on the pillars of personal relations and trust.

06 Feb 2017

25 Jan 2017

BBVA is the only financial institution attending the G20 conference being held this Wednesday in Wiesbaden (Germany).  Executive Director José Manuel González-Páramo participated in a conference on the opportunities and risks associated with the digital transformation, together with the President of the Deutsche Bundesbank, Jens Weidmann; German Finance Minister Wolfgang Schäuble; Governor of the Central Bank of Mexico, Agustín Carstens; and Bank of England Governor Mark Carney.

12 Jan 2017

14 Dec 2016

29 Nov 2016

19 Nov 2016

“It is really moving to see this type of initiatives and how a Foundation like ours can do so much in favor of society. These people have access to loan facilities, but they manage to move forward thanks to their own efforts and will to fight. Their work is spectacular and we are already seeing progress in future generations; their kids and grandchildren go to school and many even make it to college. For me, it has been an incredible visit,” said Francisco González during his visit to some of the projects supported by the BBVA Microfinance Foundation (BBVAMF) in Soacha, a city just outside of Bogota (Colombia).

26 Oct 2016

20 Oct 2016

17 Oct 2016

10 Oct 2016

14 Sep 2016

Private industry leaders gathered at BBVA Compass Plaza in Houston for a workshop Tuesday on how businesses can push progress on the most pressing issues of our time. The workshop, hosted by BBVA Compass, the United Nations’ Sustainable Development Goals Fund and the BBVA Microfinance Foundation, had two goals: to help spread the word and build understanding of the United Nations’ 17 Sustainable Development Goals, which revolve around issues like education, health, poverty alleviation, clean water and the climate; and to gather input from executives at some of the companies that are already focused on tackling some of those same issues.

12 Sep 2016

31 Aug 2016

More than 2 billion adults are excluded from the formal financial system, according to the Universal Financial Access 2020 report by the World Bank.

The challenge is to ensure that by 2020 adults around the world will have access to a checking account or an electronic service to save their money and send and receive payments. This goal is behind the boom in financial inclusion strategies, which are increasingly making use of technology and the services provided by the so-called technological finance (fintech).

23 Aug 2016

Access to financial services is a key element for rising out of poverty, and technology is heralding a range of new models that provide a variety of services and products that can be adapted to the needs of each population sector.

04 Aug 2016

02 Aug 2016

The recent report, The Business of Financial Inclusion: Insights from Banks in Emerging Markets represents a new endeavor for the Institute of International Finance (IIF). It is based on the insights of 24 executives in charge of financial inclusion, a topic of growing interest.

28 Jul 2016

A simple cell phone can make a huge difference in the lives of the billions of people who live in the world’s least developed countries. There, apps aren’t only resources for work and entertainment, but tools to improve the health, security and income of the poorest.

15 Jul 2016