BBVA has announced their Open Talent competition which is dubbed as the world’s largest fintech competition; the competition is in its tenth year and will focus on banking, data, money management and financial decision-making; the winner will take home $186,000 and finalists will take part in an immersion week which will show them how to work with a big corporate, become a customer of the bank and more. Source.
Through the partnership BBVA Compass Insurance Agency will offer a new online insurance portal powered by Covr; BBVA Compass Insurance Agency is an affiliate of banking provider BBVA Compass which is supported by the Spanish bank BBVA; the new insurance offering will provide customers with a range of options and quote comparisons for life, disability, home, auto and pet insurance with access through desktop and mobile connections. Source
Spanish bank CEO Carlos Torres Vila of BBVA spoke at the IESE 12th Banking Industry Meeting yesterday and explained how banks will need to adapt to stay competitive; BBVA has acquired cloud computing, invested in digital banks, built out artificial intelligence and improved their mobile banking experience in recent years; these changes are meant to address customer needs and position the bank for the future; he also believes banks need to adapt management structures to be more modular, which will also bring more innovative talent and facilitate better communication. Source
BBVA has launched a new D-Loan which links a decline in the interest rate if the borrower reaches certain digital...
BBVA and digital business account provider Azlo struck a partnership that focuses on freelancers; with the freelance worker trend increasing the bank is looking to position themselves to better serve the market; BBVA invested in and helped incubate the company through their New Digital Businesses unit; this is part of a wider trend at the bank to help innovation, both inside and outside the bank itself. Source.
BBVA cancelled their planned takeover of Atom Bank due to concerns related to Brexit’s impact on the UK economy; Atom...
BBVA has a staff of over 150 data scientists, engineering and department heads near their Madrid HQ specifically focused on...
BBVA has invested in Sinovation Ventures as the fund can help to strike partnerships for the bank and they see the potential for strong return on investment; the focus on AI is helping the bank to keep innovating and offer mor potential services across their different regions. Source.
BBVA has announced a partnership with Amazon; the partnership is first focused on selling physical products but it’s clear that...
BBVA thinks it has solved the issue of making the customer experience more efficient but still secure; the bank has...