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.

The BBVA International datathon InnovaChallenge MX, in which 378 developers from 36 different countries participated, has drawn to a close. The quality of the work submitted has surpassed the expectations of the panel that judged more than 50 new proposals on how to make use of BBVA’s data.

Octavio Novelo is co-founder of ZaveApp, an application that allows people to save without changing their consumption habits. It is an electronic piggy bank connected to a credit or debit card, which prompts users to make deposits to reach their goal.

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.

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.