BBVA has agreed to invest £45m (around €64m) for a 29.5% stake in Atom, the UK’s first mobile-only bank, which will launch in early 2016. The investment is part of BBVA’s strategy to lead financial services in the digital age.
Fintech
Fintech
The World Economic Forum published a study on the potential of the Fintech sector for small and medium enterprises.
BBVA Wallet, the bank’s mobile payment app, has been downloaded more than 1 million times, less than two years after its launch. Already available in four countries, the app is also being launched this week in Turkey by Garanti Bank - in which BBVA has a nearly 40% stake - under the BonusFlas brand.
Users want to manage their personal finances on the cell phone easily, quickly and very efficiently. It is the evolution of personal financial management (PFM).
Colombia wants to encourage the creation of a strong technological foundation so Colombian startups dedicated to the Internet of things can go out to global markets.
The IMF places the country in fourth place in its ranking by GDP in the region because of the devaluation of the Colombian peso against the US dollar.
PFM tools must prioritize the wishes and needs of the consumer over and above the bank's own business if they are to succeed.
Mobile payments is one of the trends that will take center stage in 2016
BBVA, one of the largest financial institutions in the world, announces today that it is adopting Google’s cloud-based collaboration and communication suite Google Apps for Business to increase productivity and drive innovation.