'Regtech' is a buzzword in the banking world.  'Reg' stands for regulation and 'tech' for technology.  So, it is easy to imagine what the purpose of regtech is:  developing technologies that help banks comply with regulation in a more agile and efficient way.

Much has already been written about the use of digital tools to create new products and services in banking.  However, there is less talk of another crucial use of technology in the financial sector:  Its application in improving regulatory compliance, addressing risks related to financial stability and integrity, and consumer data protection.  It is the so-called 'regtech'.

BBVA has participated in a public hearing in the European Parliament, organized by the Committee on Legal Affairs (JURI). The aim of the hearing was to allow stakeholders to share their insights into the directive’s insolvency proposal with the MEPs. BBVA was the only representative of the financial sector, a fact that attests to the bank’s relevance for EU institutions on these matters.

Once more this year, the symposium of the most important central bankers in the world was held in Jackson Hole from August 24 to 26. Under scrutiny were Janet Yellen, the Chair of the U.S. Federal Reserve and Mario Draghi, President of the European Central Bank. Their words gave no indications of any changes with respect to the future of monetary policy.

WEATHER UPDATE:

Because safety is our top priority, some BBVA Compass branches in South Texas remain closed at this time.

For the most up-to-date  information on open branches and hours, please refer to this page:

https://www.bbvacompass.com/go/status.html   

If you need additional assistance, please call 1-800-COMPASS or use the BBVA Compass Mobile Banking app and BBVA Wallet.

Digital financial services are within everyone´s reach, but each generation has its own peculiarities when using them. Mobile banking apps have won over the centennials, while social networks influence Generation Y when it comes to changing banks, and Generation X confides in online banking. The baby boomers, meanwhile, prefer to take a stroll to the branch office.

Jackson Hole is a town of only 9,000 inhabitants located in a valley in the middle of the Rocky Mountains in the US State of Wyoming. Apparently, there is nothing newsworthy about it, and, so, why have we been reading and hearing its name so often in the media lately?

Clover Health and Bright Health, two insurtech companies dedicated to health insurance, have in recent months received nearly 300 million dollars in their funding rounds, contributing to the growth of investment in the sector.

Most people would agree that the U.S. economy’s current expansion cycle has been anemic. Since 2010, average real GDP growth has been 2.1 percent, significantly lower than 3.2 percent between 1992 and 2007. Over time, the cumulative difference between the two paths could be quite dramatic. The average person would be 17 percent less wealthy after 15 years, and 38 percent less wealthy after 30 years.

In 2007, one of the biggest financial crisis in modern history started, one that has brought drastic changes to the world’s economy.

The bursting of the financial bubble caused by subprime mortgages triggered a deep economic recession, especially in countries such as Spain.  The crisis also resulted in record-high unemployment rates that still affect large segments of the population.  This is how the crisis that started a decade ago has evolved and affected people and the economy.

BBVA has recently joined the Singapore-based Capital and Credit Risk Manager (CCRM) platform as a full member bank. CCRM is a Digital Market Place providing a secondary market for trade and working capital risks, owned by Tin Hill Capital and supported with a grant from the Monetary Authority of Singapore (MAS) Financial Sector Development Fund.