Close panel

Close panel

Close panel

Close panel

Innovation

Innovation

Francisco Maturana, CEO of BBVA AI Factory SL, discusses the step BBVA is taking to consolidate the space created by the Artificial Intelligence Factory. The new company, BBVA AI Factory SL, will have the mission of creating data products aligned with the bank's strategic priorities, maximising the generation of value for all the businesses and countries in which BBVA operates.

  • Francisco Maturana

BBVA plans to invest as much as $150 million in new capital to support Propel, bringing its total commitment to over $400 million, including its previous investment in 2016. The announcement builds on the initial successful relationship established five years ago, which has enabled Propel to partner with leading innovators such as Coinbase, DocuSign, Hippo, Guideline, and Neon.

Central bank-backed digital currencies, such as the potential digital euro and digital yuan, may become a reality in the coming years. Unlike cryptocurrencies such as Bitcoin and Ethereum, these currencies promise less volatility and greater security. In addition, they will have the support of their respective monetary institutions, responsible for ensuring financial stability.