Created six months ago, the startup believes that the drones will replace aircraft in airport runway calibration operations.
American Banker has chosen the 2016 digital bankers of the year. The experts in financial web technology have given prizes for the effort made by senior executives to improve their fintech user experience and make their transactions easier.
Wired Money today announced the 9 startups that will take to the BBVA OpenTalent Start-up stage at their event on June 23, all hoping to win the WIRED Money special prize and get a place at this year’s Open Talent Interaction and Immersion weeks
BBVA Executive Chairman Francisco González, CEO Carlos Torres Vila and other Group executives reviewed the Bank’s strategy in an event followed live by close to 40,000 employees across the different countries in which BBVA operates. The BBVA members that took the stage spoke from four different countries at the event, titled ‘Live @BBVA: Our Strategy,” while the audience was able to interact and discuss a number of topics through an app.
Economics, businesses and finance
Top investment banks fight to retain talent, and here’s how they’re doing it
The typical job for recent graduates as they land for the first time in a top investment bank usually includes 90 hour long weeks working with spreadsheets and presentations. However, many junior bankers see Wall Street and its exhausting work rate as a necessary step to a more gratifying and less stressful position. Young professionals feel increasingly attracted by other sectors, such as technology or private equity firms and banks, and banks are being required to double their efforts to retain talent.
Peer-to-peer (P2P) lending platforms, also referred to as alternative lending, came into being a decade ago in order to make traditional financial industry services more available to the ordinary citizen.
Since then, the sector has entered a phase of permanent transformation, and the initial idea to “steal” lending business from banks has given way to another concept: partnerships. The sector has now partnered with banks to reach persons with few possibilities to obtain loans due to lack of a credit history or other limitations.
The new European payments regulation –PSD2– will bring sweeping changes to the industry, as it allows third-party payment service providers (TPPs) to access the banks' infrastructure. This regulation will also enable fintech companies and communications operators to join the payments market. How are the banks reacting to this influx of new players? The Revolution Banking 2016 event took up the debate.
Computer studies, sciences and development
BBVA Compass mobile banking app wins third consecutive Javelin Mobile Banking Leader award for Functionality
It’s a triple play for BBVA Compass’ mobile app, which was honored with the 2016 Javelin Mobile Banking Leader award for Functionality for the third consecutive year in Javelin Strategy & Research’s Mobile Banking Financial Institution Scorecard. BBVA Compass was also named a Leader in Most Comprehensive Alerts category for the first time.
In 2015, investment in fintech companies, backed by venture capital firms, increased by 106% to 13.6 billion dollars. Payment services and loans dominate the fintech market.
Commercial drones are taking over the market. The first barrier –price– is now disappearing, thanks to interest from companies and consumers. The figures bear out the attraction of unmanned aircraft: deliveries of drones to consumers all over the world is expected to exceed 7.3 million in 2016 and to hit 29 million by 2021.