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NEWS BBVA.COM | COMPASS | USA

BBVA Compass has appointed banking industry veteran Dillan Knudson as its new Austin CEO, where he will lead the market’s commercial banking operations, local Global Wealth team, and small business banking and manage the local advisory board. Knudson has been in the industry for more than a decade, with a background in commercial and healthcare banking.

BBVA Compass Head of New Business Development Pepe Olalla says in 2019 early stage technologies will mature – for example more use cases for blockchain – but it’s AI-related technology that will take center stage. Olalla, talking about the 2019 fintech outlook, said that he is seeing more technology coming in to the market related to using AI – and the data that backs it – to create smarter systems that help customers in their financial journey.

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Identity verification is easier thanks to camera-enabled smartphones. When opening a BBVA Compass account on a mobile device, some new customers will now be given the option to verify their identity by providing an image of their driver’s license, passport or state-issued ID and then taking a selfie.