The British magazine Euromoney has published an extensive article on BBVA and its leadership in the transformation of the financial industry. Under the title "Francisco González, the digital banker", Euromoney describes the bank’s transformation, and takes a look at the BBVA Group’s strategy of the last few years to become a leader in digital banking.
Finance
Finance
Business economics and corporate information
BBVA to open its first Representative Office in the Middle East
BBVA has obtained authorization from the Central Bank of UAE to open a Representative Office in Abu Dhabi to provide support for the bank’s large customers and institutional clients. The new office to be located on the 23/F, Tower 1, Sowwah Square, marks BBVA’s first entry into the Middle East and will mainly provide support for the global markets business.
Source and GridMarkets have won the 2014 North America and Rest of World BBVA Open Talent Awards in the respective categories of New Banking and Digital Life. The winning prize for both startups will be a contract worth 30,000 euros with BBVA to test their respective products or services. Mexico and the United States were the protagonists in this year’s contest, which included participants from as far afield as India, South Africa, Russia or Singapore.
Business economics and corporate information
Chairman of BBVA analyzes effects of technological revolution on banking industry at Harvard University
Francisco González, Chairman and CEO of BBVA, has presented the book Reinventing the Company in the Digital Age, which is a compilation of reflections from prominent specialist in different fields of knowledge on how the revolution spurred by information technology is transforming the way we work and do business.
During the second version of Digital Bank, entrepreneurs from several Latin American countries presented technological solutions for effective operation and communication of banks with their internal and external customers. These are some projects and the winner.
BBVA was distinguished in the “e-Commerce Awards Paraguay 2015” as best bank in the category of “Financial Services and Online Banking”, organized by the Latin American Institute for Electronic Commerce and coordinated locally by the Paraguayan Chamber of Electronic Commerce (CAPACE) and the Paraguayan Industrial Union.
Business economics and corporate information
BBVA opens its card payment data at the Innova Challenge competition
BBVA is the first bank in Spain to hold an international developer competition, known as ‘datathon’, inviting developers to build new services, applications and contents based on its card transaction data. Innova Challenge provides third parties with data from cards and BBVA point-of-sale terminals in Madrid and Barcelona, in an anonymous way and in compliance with privacy regulations. This initiative is a first step to open the BBVA platform in order to promote innovation inside and outside the bank.
Two London-based fintech start-ups - Everledger, which uses the Blockchain to record ownership of valuables, and Origin Markets, a platform which directly connects corporate bond issuers with institutional investors - have won the 2015 BBVA Open Talent Europe final. OpenTalent, now in its 7th year, seeks to support the fintech ecosystem by finding and supporting the best start-ups across the world, and is part of BBVA’s work to transform its business using digital technology.
The winners of BBVA Open Talent Latin America have been announced. Bitnexo was chosen for its blockchain-based payments solution for companies trading with Asia, and Destacame.cl, which has already been recognized with the Special Financial Inclusion Award, won top honors for its system which creates credit risk profiles based on bill payment histories for basic services.
BBVA has opened a representative office in Jakarta (Indonesia), through which it will help Spanish companies enter this market with massive potential. The new office, which started operating at the end of August, also aims to be a strategic platform for detecting business opportunities in the country.