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Innovation

Innovation

Startups and traditional banks come from two very different worlds. But as financial startups begin to play a bigger role in the financial sector, some banks may struggle to relate to the young and dynamic startups. This is not the case for BBVA, which has been engaging with talented entrepreneurs through its BBVA Open Talent contest for the past eight years. The finals will take place this month in Europe, Latin America and the United States (including rest of the world).

Just as in previous years, the G20 summit – held in China this year – has drawn worldwide attention. But the leaders of the 20 major economies were not the only ones to meet in Hangzhou. In parallel, business leaders from these same economies presented their proposals in the Business 20 event.

Tablets, smartphones, social media… There are an increasing number of channels available for communicating directly with the customer and learning more about them, as well as for customers to convey their message in a more personal way.

The data generated by the endless amount of operations we engage in every day: transactions, medical inquiries, online publications… have paved the way for the ascent of the data analyst profile. A professional whose work is shrouded in myth and mystery.

Artificial intelligence (AI) made the leap from science fiction to the corporate world some time ago. Amazon and Netflix use it routinely to make purchasing recommendations, iPhone users speak to Siri every day, and banks give investment advice or calculate risks thanks to these technologies. But these are only the first hesitant steps of AI, which is due to have a major impact on the financial sector, as revealed in this report in the magazine Euromoney, and featuring an interview with Marco Bressan, Chief Data Scientist at BBVA.

BBVA has moved into larger digs in San Francisco’s financial district bringing the teams that will shape its digital future closer together. The bank today opened new offices in the city’s Embarcadero Center office complex. BBVA’s New Digital Business unit will be located there, along with its Digital Sales and Marketing teams and Spring Studio, a user-experience firm it acquired last year. The teams are all expected to play outsize roles in supporting BBVA’s goal of transforming itself through technology.

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Blockchain technology became famous thanks to the bitcoin currency, although it is increasingly looking like cryptocurrencies will be sidelined and blockchain technology will be used in many sectors, not only in the financial industry.