Will connected cars need their own bank account? The BBVA New Digital Businesses (NDB) unit is working to anticipate the opportunities and challenges that will arise in the financial industry when the Internet of Things (IoT) makes it possible to manage transactions directly among objects, people and organizations.
BBVA’s Group executive chairman participated in the Money 20/20 conference on financial technologies in Las Vegas, Nevada (U.S.), one of the most important global events that brings together leading actors from the fintech and financial services industries. There he reiterated the need for “global, cross sector regulation” that fosters data exchange among different companies. “Customers must be the real winners,” insisted Torres Vila, stressing the idea that the free flow of data would facilitate the development of new services that will benefit citizens, society and the planet.
Startups face the growing challenge of building successful business models quickly, while protecting customer data from the threats in the digital world. Here are some recommendations that were offered during the last Open Summit to help entrepreneurs defend themselves against cyberattacks.
Representatives of three leading organizations - Google, Telefónica and BBVA - spoke during the Open Summit event about the different applications of artificial intelligence (AI) in the business world and how to extract tangible value from data for people and for society as a whole, at a scale and in a structured way.
Garanti BBVA won three bronze awards at the 2019 Smarties Turkey, the Mobile Marketing Association (MMA) program recognizing innovation, creativity and achievement in the mobile marketing world.
BBVA CEO Onur Genç cited the bank’s collaboration with startups as a contributing factor to the bank’s hitting its growth and efficiency targets. He made his comments at Open Summit, where he presented the grand prize for this year’s international Open Talent competition to the winning startup, Cobee. The BBVA CEO also referred to the Group’s challenges, saying, “Our goal is to monetize the technological advances we’ve made from our investment in digital transformation.”
BBVA’s Turkish bank recently participated in the Mobile Market Association’s Impact Istanbul event. Executive Vice President Didem Dinçer Başer represented the bank at the conference, where she discussed the transformational role of mobile technology and mobile marketing in the finance sector.