Integration is one the essential aspects of our civilization’s progress. And naturally, this idea also takes shape in the bank: the integration of goals and projects. At BBVA Continental it is called Scrums, which is the multidisciplinary work in which the different areas in the organization collaborate with the aim of achieving results as soon as possible. The coordinates are: transversality, swiftness and execution. All these steps are designed to lead the digital banking of the future.
In this interview with The Financial Times published in the Banking Weekly podcast, BBVA Executive Director José Manuel González-Páramo explains the main challenges European banks currently face.
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.
“Improving productivity is the biggest challenge that companies face today”, said BBVA Executive Chairman Francisco González at BBVA Bancomer’s National Directors Meeting today. During the event, which took place in Mexico City, Francisco González said that increasing productivity is “a process that is neither smooth nor homogeneous, but one that is essential for every company, and also for the banking sector.”
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.
The trade finance or foreign trade activity accompanies people and businesses in their activity importing/exporting goods and services, mitigating the risks that exist in international commercial relations and simplifying the settlement of operations. The same commercial transaction can require different solutions over time, depending on the moment at which it takes place and the role of the parties involved (importer or exporter).
The typical job for recent graduates as they land for the first time in a top investment bank usually includes 90 hour long weeks working with spreadsheets and presentations. However, many junior bankers see Wall Street and its exhausting work rate as a necessary step to a more gratifying and less stressful position. Young professionals feel increasingly attracted by other sectors, such as technology or private equity firms and banks, and banks are being required to double their efforts to retain talent.
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.