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Finance

Finance

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BBVA receives Euromoney’s global award for Best Bank Transformation BBVA’s digital project to lead the financial industry in the 21st century was the best transformation over the past 12 months by a financial institution at a global level, according to British magazine Euromoney. The jury singled out BBVA in this new global category of the ‘Euromoney Awards for Excellence 2014’ for the achievements of its senior management in transforming the business, following a comprehensive strategic review of the bank in order to tackle the new challenges facing the industry.

At a meeting today in Paris BBVA Chairman Francisco González emphasized that “financial literacy should be promoted in all stages of life, starting with the very young, and it should form part of educational curricula.” During the launch of the OECD PISA report on financial literacy, he pointed out that “financial education is a priority in our Responsible Business Plan” and added that “about 2.4 million people –customers and non-customers- have benefited from our educational programs.” Since 2010 BBVA has helped the OECD with funding for the PISA report on the financial literacy shown by 15-year-old students from 18 countries.

“It’s not outsourcing; it’s crowdsourcing” published Wired in its June 2006 issue 2006, thus creating a neologism that from then on would be used to describe problem solving and/or idea generating through an open and participative process. Since then, the big companies have been using this procedure more and more. Examples are: