E-everything: Big tech companies now offer BaaS (Blockchain as a Service)—a way to access blockchain technology without incurring huge costs.
Alternative finance keeps gaining traction in Europe and Spain is no exception. By volume of activity —and excluding the UK— Spain ranks fifth in the European Union for the fourth consecutive year in this segment, behind France, Germany, the Netherlands and Finland. In 2016, Spain’s alternative finance sector grew by 162%, to €131 million.
Technologies such as artificial intelligence, blockchain and APIs continue to dominate the forecasts of the leading experts in the fintech sector. However, there are some new caveats for 2018, due to regulatory pressure. As the digitization of financial services gathers force, BBVA stands among the banks that have invested most in their digital transformation.
More and more companies and consumers are turning to biometric technologies to enhance their authentication and payment methods. Compared to traditional password-based mechanisms, these solutions provide a better user experience and increased security.
In the latest release, the bank added a search engine inside the app so users can fully capitalize on the many features that have won it multiple awards. With the new search, users simply start typing what they would like to do in the search bar, and the app automatically displays a list of applicable functionality from which the user can select. When the client taps on one of the results in the list, the app automatically navigates the client to the exact spot in the app where that functionality is or information is located.