According to the experts, artificial intelligence is not only a banking reality, it will change the sector completely. The transformational power of artificial intelligence can already be glimpsed in the form of chatbots, robo-advisors, and Robotic Process Automation.

The European Commission (EC) plans to begin to define policies and measures to drive innovation in the financial services area and prepare for the ultimate launch of new FinTech services throughout the European Union. For this purpose, it conducted a public consultation in which BBVA participated, laying out its vision and making proposals for a framework that will allow all players to compete fairly.

The Federal Reserve announced Wednesday the results of its Comprehensive Capital Analysis Review, or CCAR, and for the fourth year in a row, it did not object to the capital plan submitted by BBVA Compass Bancshares, Inc.

BBVA is the first dealer to give its institutional clients an automated way to build bespoke structured products and then calculate a tradeable price in real-time through a new Bloomberg function called the Derivatives Library, or {DLIB<GO>}.

Ricardo Gómez Barredo, Director of Accounting & Supervisors at BBVA, indicated that “the first country that manages to balance the power of the bank regulators will be the most attractive to potential investors,” at the workshop “Madrid the financial center” last Friday. In the context of Brexit, the Spanish financial system should make the regulatory framework less complex in order to become an attractive destination for international banks.

The Aspen Institute named BBVA Compass Director of Corporate Responsibility & Reputation Reymundo Ocañas one of its 2017 First Mover Fellows this week, recognizing him as a leading “intrapreneur” who is working within his company to help solve some of the world’s most pressing social and environmental challenges.