At BBVA Compass, digital transformation has been taking place across the bank from Engineering to Talent & Culture. Leading the charge for the transformation of the bank’s products and services has been the bank’s Business Development unit, under the leadership of Pepe Olalla.

Technology serves to create opportunities and also solve problems in the public sector. However, because of its many peculiarities, the pace of innovation is different, and its implications are more profound.

Having the BBVA Compass Mobile Banking App on your phone is like carrying the bank in your pocket. The many functionalities of the app mean that you are more in control of your financial life, and able to make decisions based on your needs. This is particularly true with the app’s patent-pending Payments and Transfers function.

BBVA Bancomer has been crowned as the most innovative bank in Latin America in this year’s edition of British publication Global Finance's The Innovators 2018 awards, which recognize the institutions that systematically identify new businesses and design new financial tools. With this award, the magazine acknowledges the institution’s value proposal, which includes a customer-centric data-based user-friendly design, developed in collaboration with the fintech ecosystem.

Throughout history, there have been several versions of the family and different models of relating with one another. The latest version is the family 2.0.

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.

BBVA has unveiled Valora View, the first app in the European Banking sector using augmented reality to help prospective buyers or renters find a home. With this new free service, available for both customers and non-customers of the bank, BBVA launches a tool that, harnessing the power of big data, is capable of providing users with recommended purchase or rent prices for a specific property. And not only that: The application can also provide advice on whether it makes more sense to buy or rent, and even run mortgage simulations.

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?

• BBVA’s mobile platform marks the start of a new transformation stage for the Group, with a solution that unifies design, functionality and user experience
• BBVA Bancomer becomes the first BBVA franchise to adopt this new development in its mobile banking solution, which will be rolled out progressively across the Group’s footprint
• BBVA already has over 24 million digital customers, of whom 19.3 million use mobile devices.
• BBVA Bancomer’s digital sales have grown from 7 percent at the end of 2015, to 31 percent in the first quarter of 2018, and are expected to hit 41 percent by the end of the year

Along with the promise it bears, artificial intelligence also brings with it a number of risks that need to be kept in mind and addressed. What measures are data scientists taking to avoid information fed to machines from being incomplete or biased?