The BBVA Group was once again recognized for its digital transformation. The European Financial Management & Marketing Association (EFMA) presented BBVA the 2017 award for Global Innovator in Banking in recognition of its efforts to innovate and offer customers unique experiences. The awards ceremony took place this afternoon as a precursor to the 45th annual EFMA Congress, which starts tomorrow in Rome.
Facebook continues to take steps to reach the widest possible public and as it does so, minimize the competition. As part of its constant tug-of-war with Snapchat, Facebook has acquired an app that is very popular among adolescents: the polling startup “tbh,” which allows users to send messages anonymously, in response to survey questions about their friends. The acronym tbh” means “to be honest.”
According to recently released BBVA Research data, people around the globe could send their loved ones up to $606 billion in remittances in 2017, which made us wonder. What are the elements that impact remittances when they are sent?
According to the Global Head of Tuyyo Ignacio de Loyola Gil Puértolas, remittance senders should be aware of two main elements: exchange rates and transaction fees. Exchange rates are the amount of foreign currency received for each dollar sent. Fees are the amount the sender pays to the service provider for transferring the funds.
It´s been a year filled with intense activity: more than 800 startups from 72 countries competed for the first prize in the ninth edition of the BBVA Open Talent competition. The winner was Change, an Israeli artificial intelligence startup that received its prize – and the accompanying 50,000 euros – at the BBVA Open Summit last week in Madrid.
WhatsApp continues to add new functions in its effort to become a “total” application. The Facebook-owned company is currently developing a new feature that will allow users to make group voice and video calls. The project is currently in a development phase and is expected to see the light in 2018.
BBVA has been in Las Vegas this week, taking part in one of the world’s biggest fintech events, Money 20/20. The scale of the conference is huge – more than 11,000 delegates, including 1,700 CEOs and Presidents, from 4,500 companies and more than 85 countries around the world. BBVA’s CEO, Carlos Torres Vila and its Head of Customer and Client Solutions, Derek White, both attended, alongside several other senior leaders.
Last week BBVA announced that AI-based personal money manager startup Change had won its Open Talent Global award for best fintech idea. Change, an Israeli outfit that works in the U.S. and Canada, uses artificial intelligence to help customers keep track of their money, giving them a nudge via an SMS when they are overspending.
An artificial inteligence startup aiming to give everyone their own virtual personal money manager has been named as the winner of the 2017 BBVA Open Talent Competition. Israeli high-growth outfit, Change, beat off strong competition from almost a thousand entries from dozens of country around the world to secure top spot in the world’s biggest fintech competition.
The BBVA Open Talent competition has included in its ninth edition a special prize dedicated to the work of women in the financial technology space, a sector of innovation that has a markedly masculine character.