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Innovation

Innovation

The world of banking is continuing to undergo a paradigm shift in terms of the way it operates and the products and services it delivers. BBVA’s Global Head of New Digital Businesses (NDB), Ian Ormerod, outlines the strategies NDB enacts to build the future of banking, and how uncertainty is a key driver for its growth.

Artificial intelligence and big data, are proven contributors of innovation to the financial system. The digital explosion and technological advances have caused a revolution in society and in the corporate organization. As explained by Jorge Sicilia, Chief Economist of BBVA Group and director of BBVA Research, the financial sector is no stranger to these changes and the next wave of innovation is going to be based on artificial intelligence.

BBVA has been a pioneer in its commitment to talented young designers with the launch of its training and recruitment program. One of the architects of the program, Elena Herbosa, the Head of Talent Acquisition for Design at BBVA, explains the bank’s experience building one of the industry’s top design teams and how she sees the future of the profession in the banking sector.

BBVA has again been named as one of the world's leading financial institutions when it comes to open banking. The accolade comes as part of the Open Banking Report 2019, published by online banking experts The Paypers and Innopay. The authors of the report also interviewed BBVA’s Global Head of Open Banking, Carlos López Moctezuma, drawing on his insights to explain best practice in the sector around the core themes.

The company, which develops solutions that allow users to manage their data directly with advertisers and brands, has closed the first round of funding led by the bank, with participation from La Sexta Opción.

Bdeo, the winning startup for the fintech vertical at the South Summit competition, is proof positive that big companies and startups can successfully work together. Its remote claim verification solution is being used by BBVA Mexico’s insurance business, proving that efforts to find new value in the entrepreneurial ecosystem can translate into legitimate innovation for big businesses.