BBVA is the first financial institution in Spain to launch the ‘Online Onboarding’ via mobile, which allows anyone to open an account in just a few minutes and start banking right away. This new service uses an innovative procedure that verifies a customer’s identity through a selfie and a video call.
Fintech firms could be the saving grace for the U.K.’s financial sector, but greater complications to attract global talent could pose a serious problem. It all depends on the political negotiations.
The financial world has spent the past few years trying to decide what to make of blockchain – the automated ledger that supports the bitcoin cryptocurrency. Could it be a gold mine for banks looking to make their back-office systems more efficient, driving costs from the business? Or is it just another techno dead-end, a clever idea but one that lacks sufficient profitable uses to be worth deploying on a large scale?
With the final presidential debate in Las Vegas wrapped up and the entourage moved on, a new show with an arguably larger supporting staff is heading into town. Now in its’ 5th year, Money20/20 will host over 10 000 guests over four days this week, eager to learn about how technology is changing digital financial services and meet the people behind it. So what are the things to look out for at this key fixture on the fintech calendar?
Madrid – BBVA today announced a global agreement with Amazon Web Services (AWS) that aims to accelerate BBVA’s global transformation through cloud computing. The agreement, which is part of a series of accords that the Group is forging with strategic providers, turns AWS into the preferred cloud infrastructure services provider for BBVA.
Financial education is now part of the G20’s strategic agenda. The role it plays in fighting equality is becoming increasingly well-known, making it a priority for companies working in the banking sector.