Up to $1 trillion in profits is in play as the world's banks battle to fend off competition from as many as 12,000 fintech startups globally, according to a report by McKinsey.
BBVA Compass has developed a reputation as one of America's most forward-thinking banks. Last year Jeff Dennes joined the team to lead its charge into the digital era. He talks to Finextra about what being a chief digital officer entails and the bank's relationship with the fintech community.
Two London-based fintech start-ups - Everledger, which uses the blockchain to record ownership of valuables, and Origin Markets, a platform which directly connects corporate bond issuers with institutional investors - have won the 2015 BBVA Open Talent Europe final.
BBVA Compass, in a nod to the increasing use of prepaid debit cards across all ages and income levels, is debuting its ClearSpend card with a mobile budgeting app to give users better control of their financial lives.
Startups making their mark in lending took top honours in the regional finals in New York of the BBVA Open Talent 2015 competition, designed by the global bank to nurture the fintech ecosystem and support companies with great ideas.
Nine of the world's largest banks are backing an initiative to create a set of global standards for the use of distributed ledger technology in financial markets.
A bitcoin instant money transfer system for small businesses trading with Asia and a service that allows users to build a credit score on their history of paying utility bills have been declared the winners of BBVA's Open Talent startup contest for LatAm.
The French, British, Germans, Dutch and Russians are the biggest summer spenders in Spain, according to a study published today by the BBVA Innovation Centre in partnership with BBVA Data & Analytics.
With dozens of the world's biggest banks already investing heavily in the blockchain, it is just a matter of time before the technology creates far-reaching disruption in the financial services industry, says a new report from BBVA Compass economists.
A Chilean start-up that allows users to build a credit score based on their history of paying utility bills has won the BBVA Open Talent 2015 Special Financial Inclusion Award.
© Finextra Research 2015