Innovation
Innovation
The Navarra-based company Veridas has experienced solid growth since its creation in 2017 and has established itself as a global leader in the field of biometrics and digital identity verification. Its two founding partners, BBVA and Das-Nano, have carried out a financing round of four million euros in the company that will serve to continue expanding their business in new markets.
Out of all of BBVA's customers in Spain, 67% are digital and 61% use their cell phones to engage with the bank. This means that the vast majority of BBVA customers in the country opt for the website or the app to connect with the entity. The pandemic has driven the digitization of customers who, until now, were not familiar with the use of these channels. All this, together with the fact that BBVA's app is the most used in Spain among all banking applications according to a report by Smartme Analytics, places BBVA as a leader in digital banking in Spain, with a market share of 22.2%.
Smart transactions allow Garanti BBVA customers and clients to streamline their daily banking activities and keep their personal finances under control using the bank's mobile app.
The Spanish Ministry of Science and Innovation has awarded BBVA the Special Mention in Design, in the Company category, of the Spanish Innovation and Design Awards 2020. The jury has chosen BBVA for "its ability to build solid bridges between traditional business areas and the world of strategic design."
What better way to demonstrate just how secure the card is than Jaime Bisbal, BBVA's Head of Marketing in Spain, showing his off in the middle of the street? This is the bank's way of introducing Aqua, the new family of bank cards that have no number (PAN) or expiration date printed on them and whose security code (CVV) is dynamic.
With data as of September 2020, BBVA has 35.6 million digital customers, double the number four years ago, and 32.8 million mobile customers, three times more.
Biometric advances are already being used in a multitude of financial sector processes. Artificial intelligence can analyse speech and facial characteristics to create a digital identity that allows for a much more secure online setting, where there’s a proliferation of apps from customised services to health care.
Opinion
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Jesús Lozano
Digital Regulation
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Juan Murillo--
Head of Analytics Dissemination and Data for Social Good at BBVA Data & Analytics
Sponsored by Garanti BBVA, the Turkish technology company Kodluyoruz has developed Alchemist, a series of 15 podcasts on technology and artificial intelligence.
Financial and commercial services
BBVA advances in the exploration of instant payments in the U.K., together with SWIFT gpi
BBVA remains committed to this global network, participating in a new pilot project with which it has managed to integrate payments from the SWIFT gpi network with the U.K.’s national instant payment system. Progress that makes it possible to break away from the time zone restrictions in the process, going one step further in the exploration of this kind of payment.