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Finance

Finance

Carlos Torres Vila - Iñaki Ortega - Deusto-2019-director

“The future of banking lies in financing the future.” With this phrase Carlos Torres Vila summed up his breakfast presentation, part of the “Finance and its challenges” series organized by the Deusto Business School in Madrid. According to BBVA’s executive chairman, social and environmental sustainability and the battle over customer data are the principle medium and long-term challenges facing the financial sector. “These challenges bring opportunities. Technology promises a bright future, and we have to seize the opportunities that come with it,” he maintained.

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.

The reform of the reference rates in the euro area to adapt to new regulations, promoted by the European Central Bank (ECB) along with other authorities, is taking shape. On October 2, the ECB began publishing a new overnight rate: the €STR.

Garanti BBVA is the industry leader in Turkey with its innovative retail banking products and services. As such, it was recognized as the Best Retail Bank in Turkey for the fifth year in a row by ‘World Finance,’ the internationally respected publication covering the global economy.

Fotografía de Mundo, planeta, Tierra, tecnología, conectividad, conexión, GTB, banca corporativa

Transaction banking is a unit within Corporate & Investment Banking that covers the needs of companies and institutions in terms of managing their liquidity and the related risks. It also encompassess the financing of international trade, custody services and working capital needs. Transaction banking is a fundamental business for banks due to the recurring incomes and the potential to retain clients and boost loyalty.