Garanti BBVA continues to make its clients' lives easier with its digital products and services. The bank’s commercial banking clients are now able to apply for credit limits for loans online - without having to set foot in a branch thanks to Garanti BBVA's "Commercial Credit Limit Application".
The future of the banking industry is shaped by technology and Garanti BBVA is working hard to design the banking model of the future. Garanti BBVA Technology is the bank’s latest and most disruptive initiative yet so it can continue to lead digital banking in Türkiye.
BBVA’s Turkish unit is launching another pioneering solution, the Bonus Platinum Biometric Card, allowing users to make payments in a secure manner by simply scanning their fingerprint. The innovative new card will be available shortly.
The Turkish central bank recently granted Garanti BBVA an operating license for its new subsidiary, Garanti Payment and Electronic Money Service, Inc., effective February 15, 2024. The innovative new company will begin offering a selected group of customers a beta version of its digital payment solutions under the TAMİ brand in March.
The BBVA Foundation Frontiers of Knowledge Award in Basic Sciences has gone to Claire Voisin (National Centre for Scientific Research, CNRS, France) and Yakov Eliashberg (Stanford University, United States) for driving forward mathematical thought by bridging the space between two key areas of geometry with special relevance to quantum physics.
Japanese researcher Takeo Kanade has received the BBVA Foundation Frontiers of Knowledge Award in the Information and Communication Technologies category for developing the algorithms that underlie the current capabilities of computers and robots in comprehending and interpreting visual images and scenes. His work has enabled key technologies such as self-driving vehicles, robotic surgery and facial recognition systems, and has revolutionized the broadcasting of sports events.
Following the efforts made by the Interbank Card Center (BKM) in Türkiye to simplify payments among individual and self-employed customers, Garanti BBVA has now launched the ‘Request Payment’ feature via its mobile and online banking services.
BBVA’s app is the main channel customers use to contact the bank. Over 75 percent of customers around the world use the app. With this level of outreach, the current challenge for BBVA entails getting customers to use the new features and do more mobile transactions. To achieve this, the bank has developed a strategy to improve the digital intensity of its customers, with which it has increased interactions on the app by 32 percent in just one year, largely driven by the financial health services.
BBVA Spark, the bank for high-growth companies, has arranged a €15 million 'Venture Debt' facility for Cabify, the Spanish mobility company, which was launched 12 years ago in Madrid and became Spain's first unicorn in 2018. The proceeds will go toward fast-tracking the execution of Cabify's strategic plan, which focuses on boosting sustainable and affordable urban mobility.
BBVA is looking to spot and train the best in-house talent in the use of the large language models (LLMs) that are behind the success of the likes of ChatGPT, as it drives the exploration of projects based on generative artificial intelligence. To succeed in this task, it recently organized a DataRally, a competition in which some 440 employees tested their ability in interacting with one of these models. Impressed by the positive feedback received from participants, the bank may now apply the DataRally concept to the generative AI courses it will be running as part of its Data University in-house training program.