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Innovation

Today

Salvador Valle is head of user experience at BBVA Next Technologies, where he researches on new interaction models. In this article, he explains some basic concepts to get started in the world of visual thinking, and making the most of these sketching techniques to explain and disseminate ideas.

08 Nov 2018

I will never forget the outfit I wore my first day of 8th grade. Acid-wash Jordache jeans with a zipper up the back, red Esprit branded sweatshirt, white keds, Esprit logo tote bag and bangs curled into a claw then weighed down with Aqua Net. I was the epitome of middle school 80s cool.

06 Nov 2018

05 Nov 2018

BBVA’s CEO recently spoke at the DeustoForum in Bilbao. Carlos Torres Vila discussed BBVA’s transformation strategy in front of an audience of the Basque business community and current Deusto University students and alumni. “In today’s world opportunities are digital. That’s why we focus on the digitization of our customers, providing channels that are always available and a simple, agile experience,” he maintained.

02 Nov 2018

26 Oct 2018

25 Oct 2018

BBVA Global Head of Investment & Cost Management Luisa Gómez Bravo has been included in this year’s edition of MujeresyCía’s 100 Female Leaders in Spain 2018 list. Women’s news site MujeresyCía has unveiled the seventh edition of the ranking aimed at boosting the visibility of female talent in Spain and promoting the presence of women across all spheres of society. Gómez Bravo, was named in the ‘Executives’ category among over 1,000 candidates.

24 Oct 2018

23 Oct 2018

22 Oct 2018

Innovate or Die.

It has become a common refrain over the past decade or so for banks when it comes to technology, particularly when faced with fintechs wishing to disrupt what has traditionally been part of banking’s value chain. But in the U.S.,the challenges associated with innovation come not only from fintechs but also from the relatively glacial pace of regulatory change.

This week, Spanish newspaper El Español will honor Francisco González’s professional career with a Los Leones award. On the occasion of the award, the current BBVA Group Executive Chairman sat down for an interview with the online newspaper to discuss the present and future challenges facing the banking industry at large, and his bank in particular, including his retirement from office, scheduled to take place on December 31, 2018. At BBVA “we’re creating a new bank,” he says. Now the institution customers are more satisfied, more likely to recommend the bank and more loyal.

19 Oct 2018

The issue is no longer about using data, but doing it in a responsible manner that also has a positive impact on users’ lives.  This was one of the most relevant topics discussed during the second day of BBVA Open Summit, where Derek White, Global Head of Client Solutions at BBVA, stressed that user confidence is the key to success in this new digital playing field.

18 Oct 2018

With investments on artificial intelligence expected to reach €10 billion by 2020, it is evident that the financial sector is very optimistic about these technologies. However, the level of uncertainty surrounding AI remains almost too high to justify this degree of enthusiasm. In a recently published paper, the World Economic Forum warns about how overhyped misconceptions of what AI really is and what it can deliver may undermine the potential benefits derived from the use of artificial intelligence in finance. In contrast with this vision, other experts concur that AI contributes more to prevent and mitigate risks than to generate them.

16 Oct 2018

15 Oct 2018

13 Oct 2018

José Manuel González-Páramo on Saturday took part in the annual meeting of the Institute for International Finance (IIF) in Bali held in parallel with the annual meetings of the IMF and the World Bank. He called for a regulatory framework that treats all market participants equally by establishing a level playing field: “Activities with the same risks should receive the same regulatory treatment” without unnecessary barriers to competition, he said.

11 Oct 2018

08 Oct 2018

04 Oct 2018

03 Oct 2018

02 Oct 2018

Mario Pardo, the global head of Enterprise Solutions at BBVA, shared the stage at the Open Innovation Forum with Henry Chesbrough, renowned academic of the University of California and known as the ‘father of open innovation’. Both speakers spoke about how BBVA is working with its corporate clients and startups to develop better banking solutions.

01 Oct 2018

Twenty-six young people have joined the ‘Young Professionals Data’ in Spain and Argentina program, a BBVA initiative to recruit and develop the best talent in advanced analytics. The selection process to take on another 21 young people in Mexico has started and in the following months Colombia, Peru the U.S. and Turkey will join the project.

27 Sep 2018

25 Sep 2018

Some companies are now working to incorporate blockchain technology into smartphones. A cell phone that incorporates these characteristics could become the most secure on the market. This would be possible thanks to blockchain’s intrinsic security provisions.

24 Sep 2018

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.