Mexico's BBVA Bancomer has become the first bank to commercially implement technology that replace static three-digit security codes with a dynamic CVV/CVC that changes every 20 minutes as part of its mobile wallet app.
Spanish bank BBVA has ploughed £45 million into the UK's Atom Bank, becoming the largest shareholder in the digital-only startup with a 29.5% stake.
BBVA Bancomer, the largest financial institution in Mexico, and Planet Payment, Inc. (PLPM), a leading provider of international and multi-currency payment processing services, today announced the signing of a multi-currency processing agreement and the launch of Planet Payment’s integrated payments hospitality solution for BBVA Bancomer merchants.
BBVA Compass broke new ground today, becoming the first major U.S. bank to offer its credit card clients real-time redemption of rewards earned on qualified purchases made at any retailer.
BBVA is to launch its mobile payment app in Turkey as the Spanish bank reveals more than one million downloads of the Wallet application in the two years since its launch.
Banks need to develop core competencies in design, Big Data, digital sales, processes and software, and cultural change if they are to succeed in the future, says BBVA chief operating officer Carlos Torres Vila.
Smart contracts facilitated by blockchain technologies could usher in a new wave of innovation in banking services, say economists at BBVA.
BBVA Compass has deployed an end-to-end mortgage software suite from Accenture (ACN) to streamline the bank’s real estate lending operations and enable its clients with digital tools to apply for and track loans.
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.
© Finextra Research 2015