This week, a quick wrap-up of the top fintech stories:

The issue is no longer about using data, but doing it in a responsible manner that also has a positive impact on users’ lives.  This was one of the most relevant topics discussed during the second day of BBVA Open Summit, where Derek White, Global Head of Client Solutions at BBVA, stressed that user confidence is the key to success in this new digital playing field.

The partnership paves the way for the development of a startup studio in London, reinforcing BBVA's strategy to be part of the fintech ecosystem and develop products and services for the new era of digital banking.

BBVA Group Executive Chairman Francisco González said to participants in the BBVA Open Summit in Madrid that “data will define the future of the world.” Addressing an audience of hundreds of entrepreneurs, BBVA chairman added that for BBVA, data belongs to the customer.

BBVA has become the first bank in the U.S. to offer a full suite of Banking as a Service products after its BBVA Open Platform program moved out of beta.

BBVA Compass last week announced that it had been named a leader in Customer Service and Ease of Use by Javelin Strategy & Research in their 2018 Mobile Banking Scorecard.