Carlos Torres Vila took part in the ‘14th Banking Industry Meeting' organized by IESE and EY in Madrid. BBVA’s CEO spoke about how digital transformation reflects on the outside, but originates inside organizations. In the current environment, he believes that banks need to harness the potential of new technologies to create opportunities for their customers. “We think big, not only in the sense of being ambitious, but of being innovative, breaking molds and surprising the customer,” he said.
No one can predict the future. But calculated forecasts can be made based off of robust information.
Carlos Torres Vila, CEO and future executive chairman of BBVA, and Onur Genç, who will take over as CEO and is currently head of BBVA in the U.S., will do “extraordinary things” together with the rest of the BBVA team, said Francisco González, chairman of the Group, speaking at an IESE event in New York.
Seeing your checking account slowly but steadily drop throughout the weeks leading up to pay day may give you a sinking feeling yourself. If you’re not paying close attention as it drops, you may end up even spending more money than you have in the account, which means you’ve overdrawn.
Now that using a cell phone and computer has become an everyday part of life, it’s important to be aware of the different types of online threats. Phishing, vishing and smishing are just a few of the online scams cybercriminals use to steal private data, but this can be avoided through information and preventative action.
A bill recently presented by Mexican Senator Ricardo Monreal banning some bank fees has been the topic of debate, creating a space for bankers and the government to discuss the topic. In the article “Are bank fees high in Mexico?” published in the newspaper El Financiero, BBVA Bancomer Chief Economist Carlos Serrano Herrera presents information to keep in mind in order to reach some common ground on the issue.
BBVA’s Group Executive Chairman took part in a seminar organized by Spanish newspaper ABC on the occasion of the 40th anniversary of the Spanish Constitution. In this four decades “Spain has become a consolidated democracy and from an economic standpoint, it has made great strides,” said Francisco González. “What has taken place in Spain over the last 40 years has been amazing”
From January 1, BBVA will sit on the Advisory Council to IASB (International Accounting Standards Board), the body responsible for issuing the International Financial Reporting Standards (IFRS). María Ángeles Peláez, BBVA's Head of Corporate Accounting & Regulatory Reporting, will serve a three-year term representing the bank on the Council.
Flora Egea is BBVA's Data Protection Officer (DPO). She has a critical assignment in her hands: to ensure that BBVA complies with Europe’s GDPR (General Data Protection Regulation), which has revolutionized the way companies handle personal data. On the six month anniversary of its implementation, she believes the legislation has raised awareness among the general public about the need to protect their personal data, but there is still work to be done. In her opinion, GDPR is a positive step and positions Europe as a world leader given its unique treatment of data as a fundamental right.