Big data and artificial intelligence (AI) are among the most discussed subjects of our age. Terms such as machine learning and deep learning are gradually becoming part of our daily lives. Increasingly, a wide array of economic sectors, including banking, is taking advantage of the potential offered by these exponential technologies to improve customer experience and offer a more relevant catalogue of products and services.
09 Jul 2018
The future of the financial sector lies in its seamless integration into all sorts of devices. Biometrics, APIs and chatbots… there is mounting evidence that we might be in the early stages of the new era of everywhere banking.
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.”
04 Jul 2018
Thanks to machine learning, chatbots are already becoming much more than a mere “always-on” tool used for interacting with the bank.
03 Jul 2018
Artificial Intelligence’s greatest advances have yet to come, but the combination of big data with machine learning algorithms has already yielded benefits to the financial world daily operations.
22 Jun 2018
20 Jun 2018
“Hi, how can I help?” They are only five simple words, but there was nothing simple about what followed when Google presented Google Duplex at its recent I/O conference recently. Google Duplex is an ‘intelligent’ AI-led voice assistant tool that is capable of executing simple voice calls, such as making restaurant reservations or hairdresser’s appointments. It sounded so realistic and human that the person on the other end of the line in each demo was seemingly unaware that they were speaking to a machine.
14 Jun 2018
Fintech expert Chris Skinner shared the stage with Carlos Kuchkovsky, CTO New Digital Businesses at BBVA, at Desafío Ingenia, where they debated the arrival of technologies such as artificial intelligence, the importance of data and new entrants in the financial services market.
13 Jun 2018
Amid the apparent decline of physical shops, new technologies are offering new opportunities to future consumers who will continue to visit stores, but with the help of artificial intelligence on their smartphones.
25 May 2018
Artificial intelligence is here to stay. In recent years it has opened the way to different areas of our lives, reaching what were previously unknown territories. This is not a single technology, but rather a set of construction blocks that act as catalysts for major advances, which is why BBVA is committed to an innovative approach based on data science and artificial intelligence to boost its capital markets business.
23 May 2018
Today technology is taking giant steps forward and has become a fundamental part of our daily lives. Non-stop and increasingly powerful innovations provide us a huge array of new opportunities that are only a click away. One example is artificial intelligence, a domain that has extended into the financial field, becoming an agent of change, capable of revolutionizing a large part of the world’s financial markets.
16 May 2018
Along with the promise it bears, artificial intelligence also brings with it a number of risks that need to be kept in mind and addressed. What measures are data scientists taking to avoid information fed to machines from being incomplete or biased?
14 May 2018
Big technological companies and some banks such as BBVA are already using artificial intelligence (AI) in their products and services. However, the revolution that comes with this new technology has only just begun. At a conference organized by the IESE Business School, Ricardo Forcano, Global Head of Talent and Culture at BBVA, set forth six key issues that companies should bear in mind when adapting to this new environment.
10 May 2018
Digital banking offers both customers and clients alike massive potential. The accessibility, control and extra insights being a digital banking user can deliver are huge, and for BBVA it’s a model it can use to help people make better, more informed decisions.
07 May 2018
A report by The Economist Intelligence Unit (EIU) studies the degree of readiness of different countries ahead of an ever increasing presence of technologies such as robotics and artificial intelligence. The study includes a series of in-depth interviews with experts in different fields, among them, Elena Alfaro, Head of Customer Solutions Analytics & Open Innovation at BBVA.
30 Apr 2018
The spread of artificial intelligence will have positive and negative effects. In order for the former to outweigh the latter, companies, politicians and social groups should gave some thought to this and act accordingly.
19 Apr 2018
On Tuesday, April 17, a panel of fintech professionals, investors and entrepreneurs gathered at BBVA Open Space, BBVA’s innovation hub in the heart of Madrid, to attend the first edition of BBVA Open Talks in Spain, and try to answer a question that is becoming increasingly relevant in a context marked by artificial intelligence: “Are we aware of how we make decisions?”
17 Apr 2018
BBVA to invest $50 million into Sinovation Fund IV, a Chinese venture capital fund run by Sinovation Ventures and led by Dr. Kai-Fu Lee.
Kai-Fu Lee, founder of the venture capital fund, Sinovation Ventures, is as popular in China as Elon Musk is in the west. With 50 million followers on “China’s Twitter,” the social network, Weibo, he was dubbed by Wired as the indisputable rock star of China’s technology scene.
10 Apr 2018
We need to talk about artificial intelligence (AI), and not because of the hype surrounding it, but because it is all around us. Without noticing, in one way or another, AI has become a part of our daily lives, and this may be just a hint of what’s to come in the future. Alan Turing pointed out that that at one point, machines will be able to simulate human thought and that’s where we should start.
09 Apr 2018
What happens when an artificial intelligence system recommends a movie or a restaurant? Or a financial product? To what extent can an algorithm get to know people? These and many more questions were raised during the presentation of the BBVA’s Data and Analytics project ‘RecSys, a recommendation in the era of machine learning’, which brought together experts from diverse fields (cinema, design, law and gastronomy) to discuss how society is changing with the arrival of these technologies.
21 Mar 2018
What happens when you choose a restaurant on the Internet? Or when you want to buy a book? Or find a song? Or get hooked on a new series? BBVA Data & Analytics in a new item for dissemination explains how the different recommendation systems used by Amazon, Netflix, and Spotify work and how they will extend beyond the consumer and entertainment sectors.
09 Mar 2018
IBM, Microsoft, Google, Amazon… It may not seem like it, but corporate juggernauts are not the only players working to take AI to the next level. ‘Startups’ from across the world also have a lot to say in the future of smart machines.
05 Mar 2018
BBVA Open Talent, the world’s biggest fintech competition, will this year mark its tenth anniversary by working with more start-ups than ever before.
Find out more and register for Open Talent 2018 here.
02 Mar 2018
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.
26 Feb 2018
The “proptech” companies and the most innovative financial institutions are already offering services that improve the customer experience in the real estate sector.
21 Feb 2018
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
Deep Learning techniques are providing amazing results on several Machine Learning fields, but training a complex deep neural network on a large dataset can take a significant amount of time. Therefore accelerate training of Deep Learning models is really crucial, but also challenging.
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
Smart speakers are the vanguard of the so-called environmental technology, which transcends the limitations of screens. For the moment, Amazon reigns supreme over a market in which Apple is about to disembark.
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
We inferred as much in the title to the first article of this series: to key to realizing all the opportunities of this new technological era, lies in these three factors: raw material—data—and the other two are human factors—intelligence and innovation.
Probably the first thing the philosopher would do would be to create a strategy to explore it. Just like when he designed a user’s manual for the human mind with Logic or when he developed a method of thinking critically to examine metaphysics. Aristotles “tried to show that all things in nature belong to certain groups and subgroups,” writes Jonstein Gaarder in Sophie’s World. But first, he counted up the tools he had for this task.
30 Jan 2018
Concepts such as big data, machine learning, artificial intelligence and data science are increasingly at the center of the debate about the digital revolution. But why is everyone talking about them? Do we really understand these concepts, or the implications they have on our evolution as a society?
29 Jan 2018
26 Jan 2018
Urban planning in the 20th Century was developed on the basis of the traditional concept of a car with a driver. The arrival of self-driving cars will make it necessary to rethink the design of cities and their suburbs.
17 Jan 2018
Technologies such as artificial intelligence, blockchain and APIs continue to dominate the forecasts of the leading experts in the fintech sector. However, there are some new caveats for 2018, due to regulatory pressure. As the digitization of financial services gathers force, BBVA stands among the banks that have invested most in their digital transformation.
15 Jan 2018
The world’s tech giants are competing to dominate the field of Artificial Intelligence, which is likely to become the key technology of the digital economy. Who’s leading in this race and what consequences will it have?
The Italian director Ettore Scola once said that movies are a painted mirror. Dramas, comedies and adventures of all kinds have been presented on the big screen for decades. But the imagination of film directors when creating science fiction has taken them even further, to a once-distant future that we’ve finally reached. Many screenplays were written about the present we now live in, but how accurate were their predictions?
11 Jan 2018
BBVA presents Baby Planner, a new functionality within BBVA’s app and website that allows customers and non-customers to understand the expenses associated with having a baby. The monetary expenditure for families with a child under three is 10% higher than for those without, as concluded by estimates from BBVA Research after factoring in other differences between households. This added functionality serves to give new parents the information they need to plan their finances. BBVA Baby Planner also provides the economic effects associated with maternity and paternity-leave and other schemes to offer “work-baby balance.”
10 Jan 2018
Once a year, some 180,000 people meet at the most famous consumer electronics show in the world: the CES in Las Vegas. There, in spectacular fashion, they are shown the latest creations of the biggest brands, the extravagances of the smallest ones and the trends that will define the next wave of audio, image, home and automobile electronic devices.
Artificial Intelligence is no longer science fiction. In fact, it has begun to revolutionize the job market, providing opportunities for professionals with a solid foundation in STEM (science, technology, engineering an mathematics). Universities are responding with graduate programs and online courses in specific areas of AI.
02 Jan 2018
Every day, new applications and software are making our devices more efficient and our society better connected. But if you want to step back and take a wider view of the digital economy and its impact on all aspects of society, these eleven books, all published in recent months, can prove both entertaining and useful.
27 Dec 2017
Artificial intelligence has political, social, economic, military and even philosophical implications. And Twitter provides some good insight on them. Here are eleven key accounts that must be followed in order to understand how machines are learning to think in an increasingly complex way.