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BBVA unveils account aggregation service for businesses

BBVA unveils account aggregation service for businesses

BBVA is launching a real-time account aggregation service for Spanish businesses, enabling them to control all their domestic accounts, credit accounts and cards from a single dashboard.

After a five-month pilot with more than 300 users, the BBVA One View platform is now available to all of the Spanish bank's business customers, giving them a clear view of their treasury, as well as the ability to receive alerts, generate custom reports and choose how to make payments.

Users can add information from more than 80 financial institutions, by simply registering for the service and then deciding which accounts and cards to link.

One View classifies all the aggregated movements into categories that users can then reclassify. Customers can also define targets for each income and expense category and monitor their behaviour.

BBVA claims that its system helps users save an average of two hours a day in treasury management tasks, with its Payments Advisor smart engine proving particularly popular in during the pilot.

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