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Fintech

Fintech

banking-technology-digital bank-digitalization-future-data-resource-bbva

Luis Uguina, Director of Digital Banking Technology at BBVA, speaks to TicBeat in an interview where he reviews the present and future of the bank’s digitization process. Uguina introduces us to the concept of ‘mobile only’, analyzes the main challenges facing the digital bank in the immediate future, presents the applications implemented within the bank like Wizzo and BBVA Wallet, and looks at the pros of BBVA’s digitization process versus its competitors.

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.

BBVA is the first global banking group to commercially launch mobile NFC payments based on new cloud-based payment specifications from Visa. The new cloud-based system will allow BBVA customers with NFC-enabled Android handsets to make contactless purchases by simply downloading an updated version of the BBVA Wallet app, available immediately.

BBVA presents Wizzo, its first digital native product in Spain, with which it creates a completely new category of financial services. Wizzo is a Web mobile application for iOS and Android that speeds up payments between individuals, and makes it possible to create spending allowances online with friends or to take money out of an ATM without a card… among other innovative features. In addition, Wizzo users may request a physical card or a contactless sticker to make payments from a mobile phone.