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Innovation

Today

19 Sep 2018

18 Sep 2018

17 Sep 2018

Francisco González, the executive chairman of the BBVA Group, is a member of the International Advisory Panel of the Monetary Authority of Singapore (MAS) and is a frequent visitor to the country. This weekend, he took part in the Singapore Summit, an event aimed at “connecting Asia with the rest of the world.” While there, Francisco González granted an interview to the Spanish daily ABC, in which he speaks about the “extraordinary moment” the bank is going through, having chosen to embark on a digital endeavor, the results of which have been striking. These results include an increase in digital sales, which accounted for 42 percent of total sales in July. “The first fruits of digitization have been really superb,” he says.

10 Sep 2018

07 Sep 2018

06 Sep 2018

Blockchain is one of the most disruptive new technologies in the world of finance. But currently its use in the sector is focused mainly on the underlying technology – Distributed Ledger Technology (DLT)- to create applications or redesign processes rather than in creating cryptoassets. The reason? Blockchain applications have the potential to improve the efficiency, transparency and traceability of processes while cryptoassets are volatile.

03 Sep 2018

29 Aug 2018

Luisa Gómez Bravo, Global Head of Investment & Cost Management BBVA Group.

Luisa joined BBVA almost 20 years ago. During this time, she has held various positions in the bank, moving up to become the main financial head overseeing the Group’s investments and spending and, specifically the ‘Single Development Agenda’  (SDA).

She studied at ICADE and graduated with degrees in law and business administration. She lived in London for several years where she worked for American investment banks. Her view of BBVA is that it has always given her the opportunity to learn and develop. “That’s my main motivation.” she states.

Passionate about her job, she gets excited when she talks about the new way of working – using agile methodologies in small, multidisciplinary teams with quarterly product deliveries that enable fast results. “It’s exciting because your effort becomes tangible” she remarks when interviewed about the implications of the new management approach, which prioritizes resources on a global level according to the impact each project could have on BBVA’s business.

24 Aug 2018

The Boston Consulting Group (BCG) recently released research aimed at demonstrating the importance of digital transformation in corporate banking. In the research, BCG underscored the notion that for lasting and meaningful digital transformation, banks need to develop a clear vision for the future of banking, formulate a comprehensive strategy of how they will evolve alongside it, and plan their initiatives accordingly.

22 Aug 2018

The Boston Consulting Group (BCG) recently released research aimed at demonstrating the importance of digital transformation in corporate banking. In the research, BCG underscored the notion that for lasting and meaningful digital transformation, banks need to develop a clear vision for the future of banking, formulate a comprehensive strategy of how they will evolve alongside it, and plan their initiatives accordingly.

20 Aug 2018

17 Aug 2018

The Boston Consulting Group (BCG) recently released research aimed at demonstrating the importance of digital transformation in corporate banking. In the research, BCG underscored the notion that for lasting and meaningful digital transformation, banks need to develop a clear vision for the future of banking, formulate a comprehensive strategy of how they will evolve alongside it, and plan their initiatives accordingly.

16 Aug 2018

The Boston Consulting Group (BCG) recently released research aimed at demonstrating the importance of digital transformation in corporate banking. In the research, BCG underscored the notion that for lasting and meaningful digital transformation, banks need to develop a clear vision for the future of banking, formulate a comprehensive strategy of how they will evolve alongside it, and plan their initiatives accordingly.

13 Aug 2018

09 Aug 2018

08 Aug 2018

BBVA, a pioneer in real-time customer enrollment, has enhanced its online sign-up process. Last year, the bank announced the creation of Veridas, a technology company specializing in authentication systems. BBVA founded the new company with Das-Nano, a startup based in Spain’s northern Navarre region. The joint venture has already produced results: now anyone can sign up as a BBVA customer, from anywhere and at any time, by simply sendingtheir photograph and a video to the bank.

07 Aug 2018

03 Aug 2018

Spain has just become one of the few countries in the European Union with a concrete proposal for launching a regulatory sandbox. The goal? To create a space for experimentation, temporarily unencumbered by regulatory measures, to promote innovation in the financial sector. In doing so, Spain thus has stolen a march on other countries in this area, with a proposed law that appeals to both the traditional financial industry and new fintech startups. Álvaro Martín, Chief Economist for Digital Regulation and Trends at BBVA Research helps us understand how it will function and if it benefits the consumer.

02 Aug 2018

01 Aug 2018

A new cryptocurrency available without the internet represents one of the first examples of how to implement blockchain technology in the absence of a decent digital infrastructure.

26 Jul 2018

25 Jul 2018

24 Jul 2018

There’s a fix for confusing economic terms or not being up-to-date with financial news: “influencers” aren’t just gamers or it-girls; many experts in the finance domain use the virtual world to provide information, data, and opinions about financial and economic topics.

19 Jul 2018

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

11 Jul 2018

10 Jul 2018

09 Jul 2018

05 Jul 2018

Digitalization encompasses both a process and a habitat. As a process, digitization transforms analogue content. For example, converting the 1604 edition of ‘Quijote’ printed by Juan de la Cuesta into a digital ‘Quijote’. The content that was drawn, printed, or typed is input into a computer via numeric codes. The result can even simulate the original typography. But the letters that appear on the screen are, in reality, digits that the computer converts into images.

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.

03 Jul 2018

30 Jun 2018

29 Jun 2018

Spain is the team that controls midfield, Russia attacks the most, while Brazil surprisingly is the most defensive. According to big data, such are the styles of play of the soccer teams currently facing off in the hopes of winning the tournament.

27 Jun 2018

A fundamental characteristic of today’s market is the extreme competitiveness with which commercial operations are developed.   Business intelligence is key to getting ahead, but until recently in-depth BI development was difficult for small- and medium-sized businesses to adopt. Today, this has changed thanks to data and APIs like PayStats, which can be found in BBVA’s API_Market.

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.

Our initial goal is to try to answer questions such as when it is more appropriate to use AWS Lambda instead of AWS EC2 services, and especially, which parameters affect this comparison the most.

An analysis of the stories behind about 100 founders of startups that have closed down reveal the many hurdles in the way of creating a successful company.

22 Jun 2018

21 Jun 2018

20 Jun 2018

Two years ago, when BBVA defined its company purpose —to bring the age of opportunity to everyone— it also decided that the best way to reach this ambitious goal was to transform itself into an agile organization. Ricardo Forcano, BBVA’s Global Head of Talent & Culture, addressed more than 1,700 participants at the National Human Resources Congress where he shared the milestones of a journey that has revolutionized the way BBVA works.

“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

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.

13 Jun 2018

07 Jun 2018

06 Jun 2018

Ben Hammersley – currently the editor of Wired.uk – is credited with coining this term: a combination of iPod and broadcast. A podcast is a set of digital audio files making up a series of episodes that can be downloaded onto a variety of devices.

05 Jun 2018

01 Jun 2018

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

25 May 2018

In the future, artificial intelligence will, among many other things, allow to develop helpful customer products for unbanked segments of the population. “Artificial intelligence and financial technologies create opportunities for the democratization of finance,” said Álvaro Martín, Head Economist of Digital Regulation and Trends at BBVA Research, during the meeting of the Institute of International Finance (IIF), held in Brussels. In his opinion, “artificial intelligence, big data and cloud computing will boost financial inclusion”.

23 May 2018

José Manuel González-Páramo took part in a panel discussion on the future global financial regulation at the spring meeting of the IIF (Institute for International Finance) in Brussels. In his opinion, the new regulatory framework should be based on five pillars: 1) focus on risks and activities rather than institutions themselves, 2) have an holistic approach, 3) be transversal and coordinated, 4) be flexible y 5) have a skeptical approach to technology with regulators focusing not on technology itself but on its use and effects.

22 May 2018

21 May 2018

Generation T refers to those born from 2010 onwards. These are children who know the world through a digital screen and what is more important through touch. Hyperconnectivity, speed and instantaneousness are some of the words that go along with these children as they grow up.

18 May 2018

He holds an undergraduate degree in physics. He’s the founder of Tesla, SpaceX and Neuralink, among other companies. He’s championed renewable energies, online payments and the space race. Elon Musk’s impressive resume brims with professional and economic success. What initiatives have made this entrepreneur one of top innovators of the 21st century?

15 May 2018

BBVA CEO Carlos Torres Vila said this morning in Mexico that “digitization is having a huge impact on customer satisfaction,” resulting in higher levels of engagement. “Digitization is helping customers interact more with us, and they are more satisfied and loyal. This new way of interacting is a powerful lever that is transforming our value proposal, allowing us to help our clients with their lives and businesses in a deeper way,” he added.

11 May 2018

08 May 2018

04 May 2018

Creating a startup isn’t the exclusive territory of new entrepreneurs or young people with moneymaking ideas. Big technological companies and their CEOs have recognized how to spot potential in emerging companies, buying them outright or overseeing the development of their growth potential.

03 May 2018

The consultancy Accenture analyzes the inroads made by big tech in the financial sector and identifies five key steps banks need to take to create value in the face of advances made by fintech companies. BBVA’s focus on open banking and transformation in the digital era has been acknowledged by a number of institutions.

30 Apr 2018

26 Apr 2018

25 Apr 2018

Adapt or die. An emphatic statement, but one that perfectly captures the spirit that drives startups. The search for innovation is often what characterizes these entrepreneurs, who now how to seize the opportunities enabled by new digital technologies linked to an innovative business idea.

24 Apr 2018

The streets of New York’s Chinatown, Granada’s Sacromonte neighborhood, or Southall (London’s Little India) are examples of how people tend to live near others from the same place or social status. But businesses, restaurants, and bars are just as important meeting places as where we live. Esteban Moro, Professor at Universidad Carlos III and MIT (Massachusetts Institute of Technology), uses big data tools to analyze how people interact in these places.

23 Apr 2018

18 Apr 2018

The fintech sector attracted $31 billion dollars in investment last year, with growth in the sector underpinned by venture capital, accelerators and consolidated companies. BBVA maintains an active strategy of investment, acquisition, tie-ups and the incubation of new companies in the sector.

16 Apr 2018

The Walkman, MP3s, outdoor music festivals, intimate music venues, special meet & greet passes… Some ways to listen to music have endured, while others have evolved over time, and still others have disappeared. What is clear is that this art form has cemented its position online. It seems music triumphs in both hearts and web pages.

14 Apr 2018

In an interview with Spanish daily ‘El País’ from Silicon Valley, BBVA Chief Executive Officer says that “data belongs to customers and can only be used with their consent.” In comments to ‘El País’ Carlos Torres Vila also advances that BBVA is exploring the use of blockchain in corporate loans. This technology has the potential “to add a lot of transparency, efficiency and immutability, and offers a wide array of other possible uses.”

11 Apr 2018

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.

06 Apr 2018

There are a few Container Orchestration Engines available, such as Kubernetes, OpenShift, DC/OS, Nomad or Swarm, to name a few. On occasion, the optimal solution to deploy your apps requieres picking not one of those, but two or more. Each have their strenghts, and are targetted toward a specific kind of load. For instance, Kubernetes is specially prepared to deploy microservices very dynamically. However, in such a dynamic environment it is hard to handle a persistent database, task which is better handled by system such as DC/OS.

05 Apr 2018

03 Apr 2018

Finding funding is the main concern of the fintech sector in meeting growth and expansion targets, according to a new report published by the London Stock Exchange Group and TheCityUK. However, collaboration with big financial institutions on the basis of initiatives such as BBVA Open Talent is becoming increasingly important as a means of gaining presence in the market and driving fintech growth.

02 Apr 2018

27 Mar 2018