Garanti BBVA joined 129 other banks from around the world in signing the United Nations Environment Program Finance Initiative (UNEP FI) Principles for Responsible Banking at the UN General Assembly in New York. The participating banks represent over $47 trillion in total assets. By signing these principles, Garanti BBVA and five other Turkish banks – ING, the Investment and Development Bank, Şekerbank, TSKB and Yapı Kredi – formalized their commitment to leading the way for sustainability in the country.
BBVA has again been named as one of the world’s leading financial institutions when it comes to open banking. The accolade comes as part of the Open Banking Report 2019, published by online banking experts The Paypers and Innopay. The authors of the report also interviewed BBVA’s Global Head of Open Banking, Carlos López Moctezuma, drawing on his insights to explain best practice in the sector around the core themes.
16 Oct 2019
Angélica Valbuen lives in Cundinamarca, Colombia. She is 39 years old, works in the fields. A situation that destines them to financial exclusion if it were not for the work of institutions like the BBVA Microfinance Foundation, which helps over 150,000 women in rural areas of Latin America.
PSD2 is a European regulation for electronic payment services. It seeks to make payments more secure in Europe, boost innovation and help banking services adapt to new technologies. PSD2 is evidence of the increasing importance Application Program Interfaces (APIs) are acquiring in different financial sectors.
15 Oct 2019
BBVA completed its agenda of activities to commemorate “Financial Education Week”, held from October 7 to 11, taking part in the event `Financial Health in Spain : How to Improve It’, organized by Nantik Lum Foundation and JP Morgan. Speaking at the event, Lidia del Pozo, Director of Community Investment Programs BBVA, explained how BBVA’s strategy has evolved in the field of financial education, noting its profound relationship with financial health and emphasizing “the more than 13 million people have received financial education through BBVA since 2008.” and that “today, BBVA develops these programs across all population segments, primarily through digital channels.”
14 Oct 2019
Once again, the Royal Swedish Academy of Sciences’ criteria reaffirms a previous decision by the BBVA Foundation. Banerjee and Duflo, founders of MIT’s Poverty Action Laboratory, were honored in the first edition of BBVA Foundation’s Frontiers of Knowledge awards in 2008. Considering that ten Frontiers of Knowledge awardees have been subsequently recognized by the Swedish Academy, it could be argued that, to a certain extent, BBVA Foundation’s awards are becoming a prelude to the Nobel awards.
Univfy®, an AI platform company whose mission is to improve fertility patients’ experience and access to in vitro fertilization (IVF), announced today a collaboration with BBVA USA, the U.S. subsidiary of global financial institution BBVA, to offer a finance program with rates starting at 0% APR (up to 18.99%).
BBVA CEO Onur Genç said on Monday that the bank is focused on organic growth, efficiency and transactionality, all leveraged by digitization. “We are focused on these three levers to ensure we provide the best value,” he said at the 10th Expansión-KPMG Financial Meeting in Madrid. He also recalled that “we have been pioneering the digital transformation.”
In its latest Spain Outlook report, presented today by Jorge Sicilia, the Director of BBVA Research and Chief Economist for the BBVA Group, and Rafael Doménech, the Head of Economic Analysis, BBVA Research lowered the forecast for the national GDP growth to 1.9 percent (from 2.3 percent three months ago) and to 1.6 percent for 2020 (from the previous forecast of 1.9 percent). The decrease is explained by a review of economic data carried out by Spain’s national statistics body, the INE, due to the negative trend in some components of demand and the deteriorating international context. Under this scenario, around 750,000 jobs would be created over the two-year period and the unemployment rate would average 13.3 percent next year.
Banks and investors as starting to awaken to the benefits that can derive from the use of blockchain technologies in bond issues, including green bonds. BBVA and Spanish insurance company Mapfre partnered early this year to arrange the issue of a pioneering blockchain sustainable bond. The technology allows to cut costs, increase efficiency and ensure full transparency.
11 Oct 2019
BBVA Group executive chairman Carlos Torres Vila, CEO Onur Genç, and the Country Manager of BBVA Spain, Cristina de Parias met on Friday with the bank’s management team in Catalonia to discuss the challenges and opportunities this territory offers. More than 60 percent of Catalan companies are BBVA clients. The bank will continue putting the focus on connecting with its clients and customers.
Roger Launius, former chief historian at NASA was at BBVA headquarters to deliver one of the featured speeches for Values Day: “Getting to the Moon: the value of the most important idea in human history.” Launius used the history of the Apollo program and man’s landing on the Moon as examples of two of BBVA’s corporate values: ‘We are one team,’ and ‘We think big.’
They attend school, help their families, work, take care of their elders… Girls are an active part of society, but most are discriminated against due to their gender, and this inequality puts them at a disadvantage. October 11 has been marked as the International Day of the Girl to remind us all that, to build a better future, it is essential to support the development of girls and young women across the globe.
Bdeo, the winning startup for the fintech vertical at the South Summit competition, is proof positive that big companies and startups can successfully work together. Its remote claim verification solution is being used by BBVA Mexico’s insurance business, proving that efforts to find new value in the entrepreneurial ecosystem can translate into legitimate innovation for big businesses.
10 Oct 2019
With technology and digitization increasingly powering the global economy, the emergence of quantum computing could prove to be a significant catalyst for innovation and growth.
Financial education takes center stage throughout the year with activities to take place around the globe. During these sessions, prestigious subject matter experts will share their knowledge at conferences, workshops, and classes. The agenda of events represents an unparalleled opportunity to learn about the world of finance.
“We need a massive change and digitalization can not only radically accelerate the pace at which we mobilize funds for sustainable development, but also improve the use of these funds by enabling a better management of their social impact,” explained BBVA Global Head of Responsible Business Antoni Ballabriga, during the European Banking Summit, held in Brussels on October 2 and 3.
09 Oct 2019
Javier Trejos has been named the BBVA Chef Experience student contest winner, part of the bank’s Lexus All-Star Chef Classic involvement.
This type of cyberattack –targeted at companies’ employees – has been increasing steadily during the last year. The ‘CEO fraud’ can affect any type of company, from small family businesses to large multinationals and it is essential to understand how it works in order protect companies from it.
Energy savings at BBVA’s headquarters is 5,766,731 kWh a year, equivalent to the consumption of 1,900 households. This equals 12 to 15 percent less than when the complex was inaugurated in 2015 and a 1,430-metric ton per year reduction of CO2 emissions. The building’s sustainable design and equipment are not solely responsible for this success: tools powered by artificial intelligence have also been used to optimize the bank’s energy use.
08 Oct 2019
The Laredo Chamber of Commerce recognized three BBVA USA employees during their annual Laredo Chamber of Commerce Recognition of Volunteers & Awards Ceremony last month, with one being named the top volunteer in the area.
Climate change, the biodiversity crisis and inequality pose “the greatest sustainability challenges in the coming years,” according to BBVA Group executive chairman Carlos Torres Vila. “Addressing the most important challenges humanity has ever faced is in our hands, and the future will depend on what we do now. For banks, the future of banking lies in financing the future.” Given all of these challenges “companies cannot simply stand by,” he emphasized at an event held by the SERES Foundation in Madrid on Tuesday.
La economía mundial continuará con un crecimiento débil en 2019, que será más evidente en China y los países europeos. Esta situación refleja el aumento de las tensiones comerciales y la mayor incertidumbre que están golpeando de manera importante al comercio y la industria.
BBVA has named the winner of its newly created Open Talent Award for Sustainability as Australian last mile start-up AgUnity.
She dreams big because she’s not afraid to fail; because failure is not part of her equation. She says this with the authority of someone who’s endured a rough childhood and has a role model to look up to. Yamile Salazar is the daughter of a woman who decided to bring her to this world despite hardship, with the only certainty that she would be able to provide for her. And those past efforts are starting to pay off: Yamile’s life undeniably proves that everything is possible, because she’s built a future out of nothing. Today, 90 people, mostly women, work for her and thousands of young women dream to wear some of her “Angels and Princesses” designs, creations of the clothing universe that embodies Yamile’s passion.
07 Oct 2019
The Houston Dynamo and BBVA USA have announced MoodMe as the winner of its annual Launchpad Sweepstakes contest, giving the Houston-area startup $10,000 to enhance its operation.
BBVA recently completed its 49th investment in community development financial institutions (CDFIs), moving its total investment in the community catalysts to $100 million in the U.S. three months ahead of its five-year target.
A finales del siglo XIX y durante el primer tercio del siglo XX, Sudamérica se convirtió en una prominente región de destino de la migración, principalmente de Europa, China y Japón. La depresión económica que vivía Occidente, las guerras europeas, y las reminiscencia de las antiguas metrópolis hicieron de los países sudamericanos el destino elegido por millones de personas que buscaban un futuro más próspero.
October 7 marks the celebration of Financial Education Day, a day that aims to raise awareness about the importance of a good financial education. Throughout the week training and awareness-raising activities will be held around the world. BBVA participates in various activities and announces the second installment of EduFin Talks, taking place in Madrid on Tuesday, October 8.
According to a KPMG report, payments will retain its position as the most significant area for fintech investment in the coming years. Regtech, cybersecurity, wealthtech and proptech are other sectors on the rise. These are areas of innovation and development that the BBVA Open Talent team is also seeing, as part of the around 800 entries to this year’s BBVA Open Talent Competition, the world’s biggest fintech competition.
04 Oct 2019
BBVA Chairman Carlos Torres Vila has told the biggest start-up conference in Spain that authorities around the world need to take action to unlock the true potential of data.
BBVA, in partnership with South Summit, has launched a request for proposals to solve two major challenges of the financial sector: improving digital onboarding processes and digital banking services for SMEs.
Social entrepreneurship is known for addressing society’s most pressing problems. The migratory crisis is one of them, forcing millions of people to go to countries where they face an uncertain future. Social enterprises are working hard to support them, offer them the opportunities they need and portray a different – unprejudiced – image of refugees.
A festive day to reflect on and assimilate BBVA’s values. Values Day, now in its second year, was celebrated by the entire BBVA Group. Employees from across the bank’s operating footprint connected with each other over shared values in various workshops, presentations, and group activities.
03 Oct 2019
In February 2019, BBVA USA’s parent company disclosed in its earnings presentation that BBVA USA’s branch productivity increased by 40 percent over two years, making the regional bank one of the fastest growing in its segment.
Vita Inclinata Technologies has been named the winner of BBVA’s Entrepreneurial Opportunity Contest in Denver, winning $10,000 towards enhancing their operations. The company is focused on delivering the first agnostic, autonomous suspended load stability system for both earth and space applications.
Garanti BBVA is the industry leader in Turkey with its innovative retail banking products and services. As such, it was recognized as the Best Retail Bank in Turkey for the fifth year in a row by ‘World Finance,’ the internationally respected publication covering the global economy.
02 Oct 2019
An Alabama public school district will soon have a new school bus route app, thanks to BBVA’s engineering group and motivated college students.
BBVA’s Board of Directors resolved today to approve the payment of an interim dividend for 2019, for a gross amount of €0.10 per share, to be paid on October 15.
“You cannot walk the path of innovation alone,” said David Puente, Global Head of Client Solutions at BBVA, during the opening speech of South Summit event in Madrid. Puente also emphasized that BBVA’s commitment to entrepreneurs is one of the key elements of the bank’s strategy to advance its digital transformation.
More than 126,000 BBVA employees spent the day re-familiarizing themselves with, assimilating, and living the corporate values, which represent a fulcrum to the bank’s cultural transformation. Over the course of the day, bank employees participated in workshops and activities that reinforced the central pillars underpinning the bank’s mission, “to bring the age of opportunity to everyone.” This year’s event also included participation from the network of sales teams, who developed special activities to enhance an understanding of how they can help customers on a day-to-day basis.
Since SWIFT gpi was launched in 2017, BBVA has managed three million transactions – equivalent to €2 trillion – using this international payment standard. BBVA staunchly supports this global payment mechanism, which delivers speed and transparency to cross-border payments. Now SWIFT gpi aims to offer instant payments.
Agile methodologies are increasingly sparking interest among those companies that are strongly committed to transformation. Learning about the newest trends and sharing experiences are the focus of meetings BBVA has organized with companies representing a wide array of domains. These organizations, if not already “agilely” structured, aim to be in the near future. Recently, Amadeus, a technology solution provider for the travel industry, visited BBVA’s headquarters to collaborate with the bank’s Agile Discipline in order to tackle the challenges of the new model both companies follow.
Transaction banking is a unit within Corporate & Investment Banking that covers the needs of companies and institutions in terms of managing their liquidity and the related risks. It also encompassess the financing of international trade, custody services and working capital needs. Transaction banking is a fundamental business for banks due to the recurring incomes and the potential to retain clients and boost loyalty.
As sustainable fashion moves closer to the mainstream, it is starting to be recognized as an efficient way of curbing the impact of one of the planet’s most polluting industries. The industry’s social enterprises cool eco-friendly designs are winning the hearts and pockets of consumers.
After last week’s climate summit in New York, there is still a lot of uncertainty around the feasibility of fulfilling either the 2030 Sustainable Development Agenda goals or hitting the 2050 carbon neutrality target. In an article written by BBVA Research’s Arturo Fraile, the economist warns that “time is running out, and progress must be made” because positive results are still on the distant horizon. In his opinion, financial regulation and supervision will be key to this unavoidable transition.
01 Oct 2019
by Anita Dharapuram
BBVA USA Tucson and Southern Arizona CEO Mark Mistler, alongside six of his local team members, have been working together in banking for more than 25 years. In today’s reality, few people stay at the same job for more than four years, but Mistler and his team have figured out the secret to success and are a refreshing enigma in the modern-day workplace. In Mistler’s case, a unique journey from the gridiron to his current state helped maintain this longevity.
On September 22, the Principles for Responsible Banking were signed during the United Nations General Assembly in New York. These principles were conceived a year ago in Paris thanks to the initiative of 28 financial institutions working together under the framework of the United Nations Environment Programme – Finance Initiative (UNEP FI). BBVA was one of the founding banks. To date, 130 CEOs from financial organizations around the world have signed the principles.
In 2019, BBVA reached a landmark milestone: By incorporating agile methodology techniques into their daily business activities it transformed the way the Group’s entire 33,000-strong central services division organizes itself and works. This achievement represents a decisive inflection point in BBVA’s transformation process and serves as an opportunity to reflect on the route that has led the bank so far.
In recent months the world has witnessed an escalation of the U.S. – China trade war, with announcements of more restrictive and retaliatory measures. According to José Manuel González-Páramo, Executive Director and Global Head of Economics and Institutional Relations at BBVA, given this climate of global uncertainty, it is essential to build new bridges and establish areas for cooperation.
Garanti BBVA has been awarded the Leadership in Energy and Environmental Design (LEED) platinum certificate for the overall sustainability of its headquarters building in Istanbul. It is the only bank in Turkey to have received such recognition, which is one of the most rigorous green building rating systems in the world, developed by the American Council of Green Buildings (USGBC).
30 Sep 2019
BBVA remains the global mobile banking leader in 2019, according to ‘The Forrester Banking Wave™: Global MobileApps Summary, 2019’. BBVA’s mobile app combines “exceptional functionality with the best user experience.” Garanti BBVA, the Group’s Turkish franchise, is also in the report, which states that it is “one of the first banks to launch an in-app, voice-activated virtual agent.”
The partnership between BBVA and the Girona-based restaurant has brought chef Joan Roca back to Turkey. Following the Roca brothers’ 2015 success in the Ottoman country, documented in the film ‘The Turkish Way,’ the eldest of the Roca brothers has returned to Istanbul to share his business model with Garanti BBVA employees and customers.
27 Sep 2019
“The financial sector’s Collective Commitment for Climate Action is an important step toward working as a true global coalition. It is the industry’s most ambitious commitment to the climate,” explained Antoni Ballabriga, the Global Head of Responsible Business at BBVA, during his presentation at one of the round table discussions taking place in parallel to the climate conference held in New York this week.
Group-dynamic games are techniques used to improve coordination levels within a team, as well as to build its members’ problem solving and decision making skills.
Last week, BBVA held the first Open Talks event in Portugal. Experts from Portugal’s innovation and fintech ecosystem gathered at the Tivoli BBVA Theater to share their insights and discuss the transformation challenges facing the country’s financial system.
26 Sep 2019
Sustainability has dominated the headlines around the world for decades, and is only picking up speed. From achieving a sustainable future by local initiatives to campaigns by larger entities here in the U.S. and across the globe.
Big data is having a huge impact on the business world, and consequently it is becoming an integral part of corporate DNA. Aware of the benefits derived from this technology, businesses have resolved to recruit professionals who can manage and analyze vast quantities of data. The goal is to offer more personalized solutions to customers.
New technologies are catalysts for change, but the full benefits will only be available to those with a good financial and digital education. Verónica López Sabater, director at the International Financial Analysts Foundation (AFI) champions digital technologies as a means to facilitate financial inclusion and as a source of opportunities for all.
25 Sep 2019
BBVA Net Cash USA Mobile was named a winner in the 2019 Bank Customer Experience (BCX) Awards, taking first place in the Best Mobile/Online Experience (financial institutions) category. BBVA USA was recognized for the award at the Bank Customer Experience Summit in Chicago in September, along with honorees who received awards in three other categories.
In commemoration of the fourth anniversary of the approval of the 2030 Agenda, with its 17 Sustainable Development Goals (SDGs), BBVA is joining the #Act4SDGs to help disseminate these United Nations goals. It is doing so in collaboration with the Spanish Global Compact Network, the largest global network on sustainability and corporate responsibility, which BBVA joined in 2002.
Cledara, which is innovating the Software-as-a-Service (SaaS) space with a ground-breaking subscription model, has signed on as the first of what is expected to be dozens of new ventures under the program.
24 Sep 2019
Ízaro Amilibia, discipline manager at BBVA’s Talent and Culture area, attended the LGBTI Atlantic Conference held in Bilbao to explain the bank’s initiatives in this area. The event gathered activists and experts from across the world to discuss the international reality of this community. Supporting LGTBI people is one of the pillars of BBVA’s commitment to diversity and inclusion.
BBVA today tapped the markets with its third senior non-preferred bond of 2019. The €1 billion 5-year issue was priced at mid swap plus 80 basis points, with a coupon of 0.375 percent, the lowest for a senior non preferred debt issue in Spain as well as the lowest for BBVA senior debt (preferred and non preferred). Demand peaked at €1.8 billion with more than 130 orders.
“What if I told you there was something that you can do right now that would have an immediate, positive benefit for your brain including your mood and your focus? Would you do it?” With this starting point, Wendy Suzuki, Psychology Professor and Neuroscientist at the New York University’s Center for Neural Science, has spent years inspiring a sedentary society with problems with excess weight, stress and anxiety.
Generali has just issued, together with BBVA and seven other banks, its first green bond amounting to 750 million euros. This is the first bond from a European insurance company and the largest to date. BBVA acted as deal manager and joint bookrunner.
The initiative started by chef Jordi Roca, which sought to raise awareness of conditions affecting the sense of taste, was a resounding success. The ambitious project was captured in the documentary “El sentido del cacao” (The Sense of Cocoa), which won six Stevie awards – one of the most prestigious awards in the advertising industry.
BBVA Next Technologies, a Premier Consulting Partner in the Amazon Web Services (AWS) Partner Network (APN), announced today that it has achieved Amazon Web Services (AWS) Machine Learning (ML) Competency status. BBVA Next Technologies, a professional technology services company expert in cloud computing, big data and artificial intelligence, created to accelerate the technological transformation of BBVA and other leading companies, has achieved the AWS ML Competency . This Competency consolidates BBVA Next Technologies as one of the leading European companies in the design and exploitation of artificial intelligence products based on machine learning and highlights it potential in helping its clients digitally transform their businesses thanks to AWS’s ML capabilities.
23 Sep 2019
BBVA USA today became one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals.
Pop/R&B artist Iyla performed on September 19 at one of the award-winning BBVA Music Sessions concerts for free at the Brick at Blue Star.
The fourth time’s a charm for BBVA USA’s Senior Executive Vice President and Chief Talent & Culture Executive Rosilyn Houston, who was named Monday to American Banker’s Top 25 Most Powerful Women in Banking list.
BBVA is one of the signatories of the Collective Commitment to Climate Action that, under the auspices of the United Nations, 31 international financial institutions have promoted to ensure the alignment of their products and services to the fight against the climate emergency.
Every second an enormous amount of data from around the globe is amassed. Companies need professionals with expertise in processing and converting this data into knowledge that will feed their decision-making and define their business strategies.
22 Sep 2019
BBVA is one of the signatories of the Principles for Responsible Banking, promoted by the United Nations Environment Programme Finance Initiative (UNEP FI). These Principles embody the commitment of 130 banking institutions and the United Nations to take on the climate emergency and sustainability challenges facing society today.
20 Sep 2019
Summer days are dropping like the gold, brown and red leaves of fall. School has started for students across the nation, and vacation days are becoming few and far between. But why not plan ahead and think about investing in a property that could bring both memories and lucrative situations?
34 years old man with a college degree and a master’s. He has spent time working as an employee yet always wanted to create his own business – and he has established more than one startup. This is the profile of a Spanish entrepreneur described in the new study by South Summit, which will hold its next event on October 2nd – October 4th, with BBVA’s support.
Summer vacation is the best time to include some fun and educational activities on financial literacy in children’s games. This way, almost without realizing it, little ones can learn basic concepts like saving and consumption that will be very useful to them in the future.
19 Sep 2019
Garanti BBVA recently signed the world’s first gender loan with Turkish company Polat Energy. The $44 million loan will finance the construction of Turkey’s largest wind farm. The company’s performance will be annually assessed based on a series of gender criteria, and improvements in their performance will also enhance the terms of the loan.
More than 750 applicants from in excess of 90 countries applied to the world’s biggest fintech competition this year.
Cost and revenue factors impacting economic activities are often too complex to be properly modelled, in which case optimization through Artificial Intelligence (AI) can lead to academically correct solutions that fall far from being economically optimal solutions.
Even though sustainable finance has been a fundamental issue in the social agenda for many years now, thanks to the 2015 Paris agreement on climate change, the world became aware of the environmental risks and economic impact resulting from the effects of climate change. However, it is not just society that is increasingly more aware. The financial industry is also contemplating climate change and the Sustainable Development Goals (SDGs) as relevant factors to determine their investment strategy.
18 Sep 2019
- Community Investment: BBVA and the Montrose Center, along with Houston community leaders, break ground on an affordable, LGBTQ-affirming independent senior living center.
- Retail Banking: BBVA USA Retail Banking Head Çağri Süzer highlights why branches and digital are complementary forces for the bank.
- Small Business: BBVA and the Houston Dynamo announce their annual small business contest.
BBVA and Pestana Hotel Group have reached a new milestone in the sustainable finance market, issuing the world’s first green bond in the hotel industry, according to the International Capital Markets Association’s (ICMA) Green Bond Principles. The €60 million bond has a maturity of 6 years and was placed among professional institutional investors.
Good financial health is a growing and serious concern. Individuals who exhibit financial vulnerability may spread negative effects to their households, compromising their well-being. It is therefore critical to understand financial health and the extent to which it can contribute to improved financial resilience. According to a recent report by BBVA Research, digitalization and financial education are key elements to be included in any public or private measures intended to help improve individual financial resilience.
Now that the school year is about to begin, it’s a great time to catch up on the most relevant events for entrepreneurs coming up for the remainder of the year. All these events aim to spread knowledge, catch on the latest developments in the industry, do some networking, and explore new ways to innovate and grow. These are some of the most noteworthy.
17 Sep 2019
We interview Michael Hucul,
BBVA has extended its line of green loans to cover sustainable vehicle purchases for all SMEs and freelancers who want to buy electric or hybrid cars for business purposes. This new product rounds out one of the most extensive lines of green loans in the Spanish market.