Chris Skinner, a British expert on financial issues, was in Madrid on September 18 to take part in Innomoney, an event organized by Adigital on Fintech and the financial technology revolution. It was a whirlwind visit, during which the financial advisor and authority on payment method innovation cautioned that digital transformation is the only sure path to survival in the banking market. He also found time to give this interview with the BBVA Innovation Center.

Cash is by far the most used payment channel in the world, although in the digital age, smartphones aspire to be our new wallet.

The challenges and opportunities that that the financial world are facing since the so-called fintech companies were the main topics on the agenda at the Innomoney event organized by Adigital. The customer was the link between the financial companies that attended the event and the startups that are taking the sector by storm.

How to respond to the new challenges in the sector and leverage the new opportunities? This is a key question in digital transformation strategies. Here are the three steps that must be taken into account.

Sending and receiving money, saving or paying for products and services are unusual financial transactions for more than half of the world population. Financial inclusion programs promote financial services for these people with the aim of reducing not only the costs of their financial transactions, but also the risks involved.

Some companies already have APIs available for developers to program applications and services related to drones, allowing their control by devices such as cell phones or tablets, route planning, 3D modeling...

The study "The Information Generation: Transforming the Future, Today" (commissioned by EMC2) reviews 5 keys aspects for the future development of data processing, privacy, digital transformation and the omnichannel approach.

It's not only pilots who are caught up in the drone fever but programmers too - in just 12 hours they can make a quadcopter fly.

The new app reflects BBVA's commitment to make things easier for customers. They are free to choose how they want to interact with their bank at any moment in accordance with their personal needs and circumstances.

In 2011 the World Bank set up the Global Findex databases in order to study the financial transactions people use to save, ask for loans, make payments and manage risks.