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Fintech

Fintech

Although a few years ago security was one of users' main concerns when making virtual payments, today consumers are more confident about the ubiquity of their cellphones and the payments they make, although the fears that deter them from unlimited use of their wallets  include identity theft or additional charges on their purchases.

2015 is up and running and looks like shaping up to a year in which cell phone payment technologies are to become increasingly more important and widespread: it is expected that in the course of 2015 their use will rise, with cell phone payments set to increase by 60.5% thus setting the figure at 47,000 million. Sector competition is also expected to rise.

33% of Americans in the so-called millennium generation believe they will no longer need banks in coming years. In view of these data, capturing customers from among this new generation is shaping up to be a major challenge.

At BBVA Innovation Center, DJ Patil has left us some tips for being a good scientific data, and to know how they should be working methodologies of a team of Big Data and what are the guidelines for a great service to Data help improve our company and our customers.

Clausematch and Counterest have won the BBVA Open Talent 2014 Europe contest for the New Banking and Digital Life categories. Both startups won a prize equal to 30,000 euros in the form of a contract with BBVA, which allows them to test their product or service. European entrepreneurs accounted for the largest number of projects submitted to BBVA Open Talent 2014, with 402 projects. Spain boasted the most participants in the European edition, although the United Kingdom, Germany and France played also played a major role.