BBVA has now added to its product offering an ETN issued by Fidelity Exchange Traded Products GmbH that tracks the performance of bitcoin. Customers who qualify under the MiFID suitability assessment can sign up for the new product via BBVA's website or smartphone app.
BBVA Chair Carlos Torres Vila concluded the sixth edition of BBVA Open Summit, the annual entrepreneurship event, recalling the bank’s commitment to innovation. “BBVA has 600 million committed to various venture capital funds. The recent focus of these investments is on driving decarbonization and the development of innovative entrepreneurship in our main markets. Both areas make strategic sense for BBVA, to incorporate new knowledge into the Group and to support the companies we want to be our customers,” said Torres Vila at the closing of the event.
BBVA uses AWS to deliver advanced analytics and data services in the cloud, taking a decisive step in its data and artificial intelligence (AI) transformation process. As part of its transformation into a data- and AI-driven organization, BBVA will use AWS to harness analytics and machine learning to transform its internal processes, improve risk management, drive growth, and provide innovative solutions for its customers.
BBVA in Colombia redesigned its smartphone app. From now on, the app will feature a new interface, run faster, offer more security and provide new functionalities. This marks the launch in Colombia of BBVA's global mobile banking app, which is already active in Spain, Mexico, Peru and Argentina, among other countries. Today, more than 1.7 million Colombian users are using the new version of the app on their smartphones.
The CEO of BBVA in Switzerland has participated in the fifth edition of the Crypto Valley conference, the most emblematic event of the Crypto Valley Association (CVA), where he has emphasized the role of banking for blockchain developments alongside other leading experts in the industry.
The publication specialized in financial markets and investment banking has included BBVA AI Factory for the second time in its list of the best financial innovation labs in the world. The Innovators 2023 Awards also recognized the car comparison tool in Spain and the collection link for companies in Colombia as two of the outstanding innovations in the sector in the last year.
BBVA, the Comillas Pontifical University and the technology consultancy NTT DATA have unveiled Spain’s first master's degree in fintech, payments and online banking. The master's degree offers comprehensive, specialized, practical and advanced training in financial technologies with the aim of equipping future professionals with the skills to transform and lead the payments and online banking industries.
All ventures are born from a clever idea, but not all new ideas end up becoming new companies. In addition to creativity, in order to materialize a business idea, it is essential to obtain financing, visibility and investors. Startup incubators are entities that offer entrepreneurs guidance, training and resources to materialize their project.
It goes without saying that Europe has lagged behind other world powers in many of the technological races of recent decades: from the design of smartphones and the operating systems that control them to the development of artificial intelligence applications, e-commerce platforms or social networks, among other areas of competition. But there is a new race, still in its early stages, in which Europe seems determined not to be left behind: the issuance of CBDCs (central bank digital currencies), which are intended to be an electronic version of cash now that banknotes and coins are in clear decline as a means of payment.
The Mercury library stores the code that BBVA's data scientists reuse to develop analytical models embedded in a range of financial products. In line with the open source philosophy, the bank has published Mercury on Github, a code hosting platform for version control and collaboration. This means other programmers will be able to use Mercury code in their work, which will help drive fintech innovation and further evolve the library with contributions from the community.