Fintech news went the way of regulation both on a global and national scale this week. One constant is the rise in funding, which saw a spike in the last quarter.

Every year BBVA’s Open Talent competition sees an increasingly diverse range of entrants from all over the world, each of who is hoping to make business more effective through technology and the way it interacts with financial services.

BBVA Colombia has been recognized as the best bank in the country by Euromoney magazine, thanks to the progress made in the digital transformation process that the institution launched a few years ago. Other reasons cited by the publication that merited the award include the expansion of the institution’s digital customer base, its financial results and its solid market position.

BBVA has been recognized in five different categories at the year's ‘Euromoney Awards for Excellence’. The bank received honors in regional categories like “Latin America's best transactional bank", and country categories such as “Mexico's best bank”, “Mexico's best investment bank”, and “Colombia's best bank”. BBVA's Turkish franchise Garanti was also recognized as “Best bank for sustainable finance.”

Europe included cybersecurity as one of its priorities in the European Council meeting in June. Some 69 percent of European companies lack basic knowledge about their exposure to cyberattacks despite 80 percent of them having suffered some type of cyber-incident in the past year. With this in mind, the European Parliamentary Financial Service Forum (EPFSF) organized in the European Parliament a session for cybersecurity experts to suggest ideas to face the risks in the internet.

BBVA keeps making headway in its transformation to become a fully digital organization. Madrid hosted a new quarterly global planning meeting where the company confirmed its commitment to materialize over 160 projects.