The European Investment Bank (EIB) Group and BBVA are set to join forces to support Spanish small and medium-sized enterprises (SMEs) and mid-caps affected by the COVID-19 crisis, signing two agreements to provide total financing of €1.42 billion.
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Over recent years open banking has become synonymous with the digitalization and transformation of the financial sector. New regulation has been one of the major drivers, starting in Europe before quickly spreading around the world.
BBVA Group executive chairman Carlos Torres Vila and BBVA CEO Onur Genç participated in a virtual Live@BBVA event with more than 65,000 connections from employees. They provided answers to questions about how BBVA is dealing with the coronavirus crisis and sent a message of hope. “Together we can ensure that the recovery is stronger,” the chairman said. “It is time to step up and make a difference,” and to do so, “ “it is essential that we all – authorities, companies and society a whole – act in a coordinated manner.”
Carlos Torres Vila stressed that now, “The most important thing is to look ahead and return to activity” to foster the economic recovery. This reopening should prioritize health, but “reactivate our productive network and employment.”
Climate emergency is one of the greatest challenges facing humanity. Besides transport, the agro-livestock or heavy industry sectors are major contributors to greenhouse gas emissions. Our digital activity, linked to our traceable digital footprint, also contributes to our carbon footprint.
Financial Regulation en BBVA
Mobile payments in Europe, QR codes in Latin America, and super apps in Asia: These are some of the trends that are getting the most traction across the globe in the digital payments arena. We review those initiatives that are making the biggest impact in each region.
Now, research by BBVA’s Artificial Intelligence Factory is proposing a new method to make machine learning models capable of expressing the uncertainty in their predictions in a clearer manner.
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Annual General Meeting
Carlos Torres Vila
Group executive chairman
At his first Annual General Meeting (AGM) as Group executive chairman of BBVA, Carlos Torres Vila was re-elected as a Board member with more than 98 percent of the votes.