Alibaba’s payments arm is playing a key role in the company’s success. But Ant Financial is much more than just that: it is the biggest fintech in the world. The company recently achieved a market valuation that more than doubles Airbnb’s value and is almost on par with Uber’s capitalization.
Digital technologies have brought change to the financial sector and with it, new ethical challenges for banks. However, in this new digital environment there is one thing that hasn’t changed: confidence, which continues to be the foundation of the financial business and puts customers at the heart of the banking business model.
BBVA Data & Analytics, BBVA’s center of excellence in financial data analysis, has announced today that it is joining the “Data for Climate Action” challenge hosted by Global Pulse, a United Nations innovation initiative on big data.
Wanted: entrepreneurs, CEOs, mathematicians, scientists. The fintech world needs more female talent. This is the irrefutable conclusion of the many different studies on the subject. Experts say it isn’t simply a question of numbers. There are also much more profound factors that could benefit industries such as the fintech sector. Given their influence in the global economy, women can help develop specific products and solutions for needs that have not yet been identified, or sufficiently explored.
With a cash-back incentive, BBVA Compass aims to boost client engagement and awareness around the convenience of depositing via its award-winning Mobile Banking app.
BBVA announced that it will participate with £29.4 million (about €34.1 million) in U.K. mobile-only bank Atom’s capital increase. The investment will allow BBVA to continue as Atom’s main strategic investor and maintain its stake of around 29.5%. BBVA is participating in this new funding round to support Atom’s remarkable evolution.
BBVA became a founding member of the Enterprise Ethereum Alliance (EEA) today. This new international initiative seeks to share best practices and create standards and reference architectures based on the Ethereum platform, taking advantage of the benefits blockchain technology can offer the corporate world.