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Innovation

Innovation

New US legislation eases the law applicable to unmanned aircraft, although questions of the security and privacy of commercial operations that use drones to deliver products remain up in the air.

Big data - a term that may sound a bit ominous and which many have used for years without properly explaining it - has many more practical applications than one could imagine. Maybe it is just because it sounds a bit like big brother, but unlike it, big data applications are being developed with more than positive purposes in a broad range of fields of activity. In this article we discuss some of them, offering some examples of how society can benefit by analyzing the enormous amount of data we generate every day.

The digital consumer is not aware that he/she is any different to the traditional consumer. Along these lines, Brian Solis, leading analyst at Altimeter Group, analyzes how a company should change its strategy and place the customer at the center of its business.

The U.K. has been working on an open standard for its financial system for nearly a year. This initiative aims to protect customers and give them more options, create greater competition while encouraging innovation in banks. Other European countries are closely following the project because the creation of a standard would significantly contribute to accelerating the implementation of EU rules on data and banking.

Paykey, an groundbreaking system that allows making safe payments through the main social networks using a special keypad that has to be downloaded in the smartphone, is the winner of the Special Wired Money Award, a prize awarded by BBVA Open Talent, BBVA’s fintech entrepreneurship support program.

Wired Money, Together with BBVA is opening its doors at the British Museum in London the same day the British will vote in the referendum. While they decide whether the U.K. will remain in the EU, fintech firms will once again be in the limelight in the capital at an event on “innovation and new ways of thinking” in the words of Greg Williams, Deputy Editor of British edition of WIRED and curator of Wired Money.

BBVA CEO Carlos Torres Vila explained this morning that “banking technology will improve customer relations.” The CEO added that “BBVA has redefined its customer relations, moving from an infrastructure that was focused on money to accompanying customers in their professional and personal lives, helping them make the best financial decisions.” Technology allows us to bring the age of opportunity to everyone, he maintained.