22 September 2017
visit www.avoka.com

UN taps BBVA API card data for climate change project

22 March 2017  |  5723 views  |  0 Big data

Spanish banking group BBVA is contributing information on card transactions to a United Nations project trying to tap big data to combat climate change.

The UN Global Pulse Data for Climate Action open-innovation project is inviting data experts and researchers from around the world to pitch their ideas on how they can use information from private sector partners in the fight against climate change.

BBVA is among the firms backing the project, providing statistical data on transactions with its debit and credit cards in Spanish stores between 2014 and 2016, available through the bank's API Market.

Researchers picked by the UN will have four months to work on how they can use the data from BBVA, and others such as telco Orange and traffic app Waze, to further efforts to mitigate and adapt to climate change.

"Driving effective action on climate change requires not only climate data, but also rich information about human behavior," says Robert Kirkpatrick, director of UN Global Pulse.

"Big data can provide dynamic feedback on how communities affect and are affected by the climate system, and enable innovation to increase sustainability and resilience. This data is primarily held by companies, like those participating in Data for Climate Action."

After the four months are up, a panel of climate change and data analysis experts will look at the methodology, relevance and potential impact of the projects before picking winners who will see their efforts brought into the real world.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BBVA opens fintech Olympics

BBVA opens fintech Olympics

15 March 2017  |  10500 views  |  0 comments | 22 tweets | 7 linkedin
BBVA Compass takes $60m write-down on Simple

BBVA Compass takes $60m write-down on Simple

03 February 2017  |  13079 views  |  0 comments | 24 tweets | 18 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.temenos.comdownload the paper now

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12440 views comments | 26 tweets | 42 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10926 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9514 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8129 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8103 views comments | 5 tweets | 4 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job