BBVA and U.S. based startup Zapata Computing have just released the results of a research project into the use of quantum algorithms applied to the Monte Carlo method, which allows predicting the evolution of different variables under random conditions.  Despite its potential, the use of this technology for achieving a more efficient way of calculating prices of derivative products and making valuation adjustments will still require further developments in the available hardware.

BBVA has bolstered its ‘Plan Invita a un Amigo’ ('Invite a Friend Plan') with a new promotion that rewards the Bank's most loyal customers in Spain. This time, customers of the bank who persuade a friend or family member to bring their paycheck are entitled to a gift of 50 euros per person.

BBVA has renewed its range of services for companies with BBVA Pivot - an ecosystem that simplifies cash management for multinational companies. BBVA’s business customers in Spain, Mexico and other Latin American countries now have an easy experience that unifies access to all payments and collections with all the security and guarantees of the BBVA.

Luisa Gómez Bravo, Global Head of BBVA Corporate & Investment Banking, has participated in a panel discussion on the recovery of the global banking sector after COVID-19 as part of the "Female Leaders in Finance" conference. This financial news conference, with a focus on female talent in the industry, was organized by HSBC Bank.

BBVA has been involved in the creation of Pinakes, the Interbank Cooperation Center (ICC) platform that simplifies the provider evaluation process in areas relating to cybersecurity. The aim of this platform is to offer the 124 financial institutions associated with the ICC and the more than 400 providers that provide products and services to the financial sector a new efficient mechanism for ensuring their reliability and ensuring compliance with the demanding banking sector regulations when it comes to managing technological risks.

Global Finance has included the BBVA Artificial Intelligence Factory in its ‘World’s Best Financial Innovation Labs’ list for 2021. BBVA AI Factory SL is recognized as a benchmark in the application of artificial intelligence and data analytics in the creation and improvement of banking services worldwide.