True to its commitment to innovation, BBVA announced the signing of a €35 million flexible term loan with spanish-based multinational Cosentino. This is the first time this format has been offered in the Spanish market, and was conceived by BBVA to meet the financing needs of its customers.
LOL. BRB. AFK. BTW. IMHO. Social media and texting have made this kind of alphabet soup ubiquitous. But what about FDIC? You see those letters on nearly every bank branch and every bank website you visit. But what do those letters mean? What do they even stand for?
Having successfully carried out the first pilots in the world of a loan and a corporate credit facility using blockchain, BBVA has signed a new loan with ACS using this technology. The deal shows that BBVA Corporate & Investment Banking is continuing to focus on an innovative financing model for its corporate clients.
BBVA Compass is an innovative leader and has placed itself on the forefront of the fast-paced digital revolution in the U.S. As such, another milestone in the bank’s innovative thinking came in the form of product launches announced recently in the treasury management arena.
BBVA Compass has announced the launch of its industry-first BBVA Compass RealTime ARP™ and BBVA Compass RealTime Positive Pay™ products for commercial clients.
Investment in infrastructure is crucial for sustainable growth and development inclusion. However, in Latin America there is a gap between supply and demand for such projects, both in terms of physical and digital infrastructure. To offset this lack of investment, private financing needs to be encouraged.
Banks have clearly opted for financial technology, or fintech, to take on their new rivals, be they small startups or internet giants. However, the use of these technologies is more limited than it might appear. According to a study by the European Banking Authority (EBA), currently the majority of banks are focused on two lines of actions: biometrics for the identification and authentication of customers and the launch of mobile payment systems using NFC technology.
Garanti Bank has been recognized as the “Best Bank in the Central and Eastern European Region” in this year’s edition of the Awards for Excellence organized by Euromoney, one of the world’s leading finance magazines.
In 2015, the ECB launched its Bank’s Integrated Reporting Dictionary, or BIRD, a project ultimately intended to organize the data that it gathers from EU financial institutions for its statistical area. This project is part of a broader strategic approach aimed at improving the system that banks and other players use to report statistics to the European supervisor, known as IReF (Integrated Reporting Framework). BIRD is one of the pivotal milestones in the list of achievements by the Statistical area of the ECB. And just as the rest of the organization, BIRD is celebrating its anniversary.