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Computer studies, sciences and development
BBVA Ventures, the corporate venture arm of BBVA Group that invests in disruptive startups in the financial services industry, announced today that it has made an investment in Taulia, a San Francisco-based company that is digitizing the traditional supply chain finance process with its cloud-based platform.
A company will pay up to $10 (around 8 euros) for access to your social network accounts, credit card transaction records, and other personal information, and will sell insights gleaned from that data to companies looking for information on consumer behavior.
BBVA Compass’ efforts to give customers clear and transparent banking is getting some well-earned recognition, with comparison site WalletHub giving it the second-highest score in its 2014 Checking Account Fee Transparency Report. The news comes on the heels of the bank’s improved scores in a Pew Charitable Trusts study that evaluated leading U.S. banks’ checking account practices.
BBVA receives Euromoney’s global award for Best Bank Transformation BBVA’s digital project to lead the financial industry in the 21st century was the best transformation over the past 12 months by a financial institution at a global level, according to British magazine Euromoney. The jury singled out BBVA in this new global category of the ‘Euromoney Awards for Excellence 2014’ for the achievements of its senior management in transforming the business, following a comprehensive strategic review of the bank in order to tackle the new challenges facing the industry.
At a meeting today in Paris BBVA Chairman Francisco González emphasized that “financial literacy should be promoted in all stages of life, starting with the very young, and it should form part of educational curricula.” During the launch of the OECD PISA report on financial literacy, he pointed out that “financial education is a priority in our Responsible Business Plan” and added that “about 2.4 million people –customers and non-customers- have benefited from our educational programs.” Since 2010 BBVA has helped the OECD with funding for the PISA report on the financial literacy shown by 15-year-old students from 18 countries.
"It's not outsourcing; it's crowdsourcing" published Wired in its June 2006 issue 2006, thus creating a neologism that from then on would be used to describe problem solving and/or idea generating through an open and participative process. Since then, the big companies have been using this procedure more and more. Examples are:
BBVA came first in the distribution business and analysis of equity derivatives in a survey conducted annually by Thomson Reuters EXTEL, with 10.6% and 13.2% of the customers' votes respectively. This recognition was possible thanks to its strategy of providing customers with an added value that combines analytical solutions with a prompt and precise price offer.
Computer studies, sciences and development
This morning BBVA Chairman Francisco González explained how the bank is ready to cater to the needs of a generation of customers who grew up using the Internet, after completing its new technology platform over the past few years. He said, “In digital banking the really important decisions were taken seven years ago”.
The digital economy goes much further than simply using the new technologies; it is a way of re-thinking the company.
Ana González, head of Selection for BBVA Spain and Global Areas for the Group, highlighted how important it is to have been chosen for the second year running as the financial institution young Spaniards would most like to work for.