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Technology

Today

13 Jul 2018

Banks have clearly opted for financial technology, or fintech, to take on their new rivals, be they small startups or internet giants. However, the use of these technologies is more limited than it might appear. According to a study by the European Banking Authority (EBA), currently the majority of banks are focused on two lines of actions: biometrics for the identification and authentication of customers and the launch of mobile payment systems using NFC technology.

12 Jul 2018

BBVA CEO Carlos Torres Vila got a first-hand glimpse into the level of progress that the BBVA Microfinance Foundation’s digital strategy is enabling. Bancamía, the Foundation’s lending arm in the country, is managing to reach more and more customers who, until recently, had struggled to access financing as a result of the digital divide. BBVA’s CEO learned about two of the entrepreneurs backed by the institution and how microcredits have afforded them new opportunities to pursue a brighter future.

11 Jul 2018

Europe included cybersecurity as one of its priorities in the European Council meeting in June. Some 69 percent of European companies lack basic knowledge about their exposure to cyberattacks despite 80 percent of them having suffered some type of cyber-incident in the past year. With this in mind, the European Parliamentary Financial Service Forum (EPFSF) organized in the European Parliament a session for cybersecurity experts to suggest ideas to face the risks in the internet.

06 Jul 2018

Technology changes our lives day by day, offering us capabilities that were unimaginable just yesterday, but also complex challenges and potentially frightening conflicts. In other words: the perfect raw material for the best TV comedy and drama, which has found fertile ground in anti-establishment hackers, genius programmers, start-ups in distress, indolent IT guys or dystopian visions that seem a little too much like the world we live in.

05 Jul 2018

Gesturing to the mint colored typewriter on the table, BBVA US Director of Risk Technology and Productivity Amory Booher said, “Technology has a lifecycle with a start and end date. For instance, the computer changed how we interacted with typewriters. Similarly, artificial intelligence and cognitive capabilities are changing how we interact with computers. We don’t know if these technological advancements will be as significant as going from the typewriter to the computer, but it’s incumbent on us to understand how these technologies are being applied so we can use them to make our lives better.”

The word “gig” comes from musical jargon and refers to a performance by a musical group. When applied to the working world, the concept refers to sporadic jobs of limited duration. The person hired to do the job is responsible for fulfilling a specific role within a project.

29 Jun 2018

25 Jun 2018

Over three days experts in finance, fintech and technology debated in Salzburg (Austria) the import of the challenge posed by technology for the economy and the financial sector. The disruption brought on by the massive adoption of new technologies has quickened the pace of change facing institutions. They also face the task of attracting customers in an environment in which there is much more supply.

The digital revolution has transformed the business of many industries and the way in which they offer services to their customers. Carlos Casas and Ophélie Richard, or BBVA’s Talent & Culture area, addressed during Talent Day 2018 how these changes also require companies to radically transform the way in which they work and manage in-house talent.

Where do most internet users go online from? What devices do they use? How often do they upgrade their smartphones? This a snapshot of the current internet and smartphone use habits across the planet.

22 Jun 2018

14 Jun 2018

We are witnessing the birth of a new generation of consumers. The latest generations – “millennials” and “centennials” – and those who are no longer so young but have quickly migrated to the new technologies, are setting the course for the economy in general and for banking in particular. Their new patterns of behavior and consumption create needs that change as quickly as the digital environment. It is essential that banks understand these needs so that they can help their customers make better financial decisions.

04 Jun 2018

Long gone are the days when banks would send canceled checks from the previous month’s transactions so  customers could balance their checkbooks and manage their accounts. Today, the proliferation of digital money movement means transferring of money in and out of bank accounts has become real-time and a daily process. The BBVA Compass Mobile Banking App makes daily account management an easier task with customizable real-time alert notifications.

30 May 2018

Forrester analyst Martha Bennett shared with BBVA her view on the current uses of and potential of blockchain. According to this expert, this technology is comparable to the mobile phone and the internet in the 1990s when already “usable” but far off reaching full potential.

28 May 2018

18 May 2018

BBVA has unveiled Valora View, the first app in the European Banking sector using augmented reality to help prospective buyers or renters find a home. With this new free service, available for both customers and non-customers of the bank, BBVA launches a tool that, harnessing the power of big data, is capable of providing users with recommended purchase or rent prices for a specific property. And not only that: The application can also provide advice on whether it makes more sense to buy or rent, and even run mortgage simulations.

11 May 2018

BBVA participated in the Red Hat Summit, the annual event held by the open-source software company in San Francisco, where the Group was awarded for being a model of digital transformation using cloud technologies. During one of the event sessions, the company’s CEO, Jim Whitehurst, talked with José María Ruesta, BBVA’s Global Head of Infrastructure, Service and Open Systems.

26 Apr 2018

24 Apr 2018

Meetings, reports, deadlines … a symphony of tasks that can sometimes turn the workday into a slog. On top of all this, add the intention to live a healthy lifestyle and it might seem like an impossible task. Luckily, there’s always a smartphone at hand and an app to help you face the day.

Carlos Kuchkovsky, CTO of New Digital Businesses at BBVA, has been elected for the second year running as a member of the Governing Board of Hyperledger, one of the major partnerships formed to promote the use of blockchain in different business and technology sectors.

23 Apr 2018

17 Apr 2018

16 Apr 2018

Malware, or malicious software, covers different programs which, when run in devices, cause different types of damage and complications such as interrupting their operations, disrupting how they work, stealing information and displaying unwanted advertising.

13 Apr 2018

12 Apr 2018

Digital transformations are most effective when customers are not aware their bank has undergone one, says BBVA Compass Head of Retail Banking Çağrı Süzer.

09 Apr 2018

End up hating the sound of the alarm. Have coffee for breakfast and with any luck a couple of biscuits. Drive right into the middle of a traffic jam and can’t find anywhere to park. All these problems can be avoided by creating for yourself the desired routine with a smartphone in hand and the best morning apps.

02 Apr 2018

22 Mar 2018

Openpay, which is part of the BBVA Group, has forged a new partnership with Alipay, the leading digital payment platform in China. The deal means Chinese tourists and visitors to Mexico can now pay for things using the Alipay platform, which is hugely popular in their home country.

21 Mar 2018

20 Mar 2018

16 Mar 2018

The movie ‘The Social Network’ (2010) tells the story of Facebook, a social network community initially only used by Harvard students. Less than thirteen years later, the social network numbers 2 billion active users per month. A small group of “giants” control the majority of Internet communities, but what about other social networks that are attractive to different niches?

14 Mar 2018

12 Mar 2018

10 Mar 2018

08 Mar 2018

BBVA’s digitization process in South America solidly advances. At the end of January 2018, 49.9% of customers in South America interacted with the bank via digital channels. This represents an increase of 26% from last year’s figures. The increase stands at 43% if we reference customers who connect using mobile devices. “BBVA’s mobile banking has seen such intense growth that it indicates where the consumption habits of the bank’s customers are going. That’s where we’ve been headed for some time now,” explains Antonio Bravo, director of Business Development and Digital banking for BBVA South America.

07 Mar 2018

There is no greater source of pride in the world than to see our children get ahead in life. Their achievements, their charms… It can be marvelous to share each moment of their progress with family members, friends and work colleagues. But is it a good idea to do so on social networks? Is this the right place to share this information?

05 Mar 2018

02 Mar 2018

BBVA’s drive towards delivering a world class digital banking experience has taken another step forward. Over the past year the bank has seen an almost twofold year on year increase in the number of products and services its customers and clients are taking-up via digital channels.

Fair-trade coffee, quality guarantee, ecological tomatoes… consumers read the labels on the things they eat. But is there any way of checking that what they say is correct? In order to do so, you would need a register of the processes to which the product has been submitted, something blockchain can do.

28 Feb 2018

Digital identity is the online version of an individual’s physical identity.  It consists of all of the individual´s personal data that is available online —not just an email or physical address, but also pictures, banking info, shopping preferences. This identity is not uniform, as we share different attributes in different platforms. In other words, we don’t share the same type of information on LinkedIn and Facebook, for example.

27 Feb 2018

26 Feb 2018

A report by Standard and Poor’s Global (S&P) analyzes the potential impact on the financial sector of the entry of tech giants such as Google, Apple, Facebook and Amazon. Although no immediate changes to bank ratings is foreseen, the report points out that in the long term these companies are well placed to get a position  in segments of the chain such as payment systems.

23 Feb 2018

BBVA today launched its new BBVA for Everyone app, available for both iOS and Android operating systems, which enables the blind and those with physical or mild mental disabilities to use the bank’s network of over 6,300 automatic teller machines (ATMs). This new tool will guide those with visual disabilities to the ATM of their choice and help them withdraw cash. BBVA is a pioneer in this type of mobile solutions, which complement the services already available for people with disabilities on the web and corporate apps.

22 Feb 2018

21 Feb 2018

Sixty per cent of Spaniards look for health-related information online, but only one third of themtrust their search results. This figure is in stark contrast with the level of trust that is placed on thepersonal advice provided by health professionals, about 92%. To address this demand for reliableonline information, Hospital Clínic of Barcelona and the BBVA Foundation have created PortalCLÍNIC.

Since it was launched in 2016, the FCA’s regulatory sandbox has supported 60 firms to test their innovation with real customers in the live market under controlled conditions. Now, it is assessing different options to scale up the model at global level to solve the challenges of operating internationally in the fintech market.

In a fast-paced world, Swiss financial institutions are well-prepared to lead the transformation of the finance industry, particularly in private banking, where they are a clear reference in the world. The combination of accumulated experience, talent and availability of capital are decisive factors to facilitate this change.

20 Feb 2018

The head of the BBVA Data & Analytics’ Edge team, José Antonio Rodríguez-Serrano, who coordinates the innovation area in BBVA’s center of excellence in data science, shares his insights into five key questions to understand the implications of this exponential technology in different economical sectors and spheres of society.

19 Feb 2018

15 Feb 2018

13 Feb 2018

As we have seen in previous articles, the intelligent use of data, with the right talent and the pertinent business strategies for applying creative solutions, can provide insights that help solve a whole gamut of problems and take on board new opportunities. Data places within our grasp an enhanced decision-making ability and a deeper understanding of our clients and what they need. But as in the case of any other tool, these new skills can be put to positive or not so positive use, whether intentionally or not.

12 Feb 2018

The use of virtual assistants, mainly in the form of smart speakers, is rapidly gaining ground. In less than a year, devices such as Echo and Google Home have appeared in households across the globe and users are becoming increasingly comfortable carrying out searches, purchases and even bank transactions using this format, which looks set to become the transactional interface between customers and companies.

09 Feb 2018

08 Feb 2018

For decades, human beings have used technology to make day-to-day life simpler and more comfortable.  Science has evolved and become more sophisticated in meeting our concrete needs in a more precise manner. The entertainment sector has also benefited from technological advances, by incorporating virtual reality into immersion experiences.

07 Feb 2018

02 Feb 2018

Nothing escapes from the whirlwind of digitization, not even a sector as traditional as the winemaking industry. The number of startups dedicated to improving the way this centuries-old alcoholic beverage is produced, marketed and enjoyed keeps growing. In this article we take a look at some of the most-talked about companies.

31 Jan 2018

30 Jan 2018

29 Jan 2018

24 Jan 2018

Whether it’s chatting, finding your soul mate or jotting down notes, there are few things that twentysomethings and younger people can’t do on a smartphone. With so many applications available for smartphones, which are the ones most preferred by millennials?

23 Jan 2018