Finance
Finance
Since the 2013 education reforms were enacted and included in the Constitution, education has become one of the fundamental priorities for Mexico's government and society alike. Reforming the country's enormous and complex education system will be beneficial for all Mexican institutions and social partners. BBVA Bancomer has been supporting efforts to drive this progress for many years, via its scholarship and education support programs.
Now that the fourth consecutive presidential election in Peru (a milestone in the country's republican history) has finished, the message to the world is one of democracy and political and macroeconomic stability. From this foundation of respect for the rule of law, Peru becomes an obvious investment opportunity for national and international private sectors. In addition, it makes it possible to strengthen the role of institutions such as BBVA Continental – from its robust position in the financial system it helps Peru's sustainable development.
European regulators want to create a fertile framework for the growth of the fintech sector. The rise in financing requires regulation and there are three routes to choose from: active, passive and restrictive approach. Specifically, the European Union, especially the UK, has opted for a proactive approach in order to promote growth, as highlighted in this report Business Insider "The fintech regulation report".
BBVA Executive Chairman Francisco González, CEO Carlos Torres Vila and other Group executives reviewed the Bank’s strategy in an event followed live by close to 40,000 employees across the different countries in which BBVA operates. The BBVA members that took the stage spoke from four different countries at the event, titled ‘Live @BBVA: Our Strategy,” while the audience was able to interact and discuss a number of topics through an app.
Peer-to-peer (P2P) lending platforms, also referred to as alternative lending, came into being a decade ago in order to make traditional financial industry services more available to the ordinary citizen.
Since then, the sector has entered a phase of permanent transformation, and the initial idea to “steal” lending business from banks has given way to another concept: partnerships. The sector has now partnered with banks to reach persons with few possibilities to obtain loans due to lack of a credit history or other limitations.
The Inter-American Development Bank (IDB) and BBVA today announced they will expand their partnership to collaborate in various fields related to banking in Latin America.