With an end-to-end vision firmly focused on prevention and customer protection, BBVA launches a new unit to further strengthen the bank’s financial crime prevention structure. Technology, advanced analytical models and artificial intelligence will be decisive in ensuring the proactive protection of customers, the bank itself and society, and are what underpin this cutting-edge unit within the Spanish banking industry.

The bank offers its data scientists and engineers an extensive and continuous training ecosystem, both in-house and in partnershipwith top international universities and educational institutions,so that they may apply the latest advances in artificialintelligence, machine learning and advanced analytics in thedevelopment of cutting-edge financial products. In addition, italso offers training to other professional profiles so that they canuse data analytics to solve business challenges in their areas.In just 5 years, the BBVA Campus has trained more than50,000 employees, including 900 data scientists, through theData University.

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.

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.