Cross-border payments are getting an update—but banks are keeping blockchain in the blockchain labs. Instead of distributed ledger technology, banks like Citi, Wells Fargo, and BBVA, are looking to projects like SWIFT’s global payments innovation service — or gpi — which went live today, following its January launch. “If [theRead More
Post Tagged with: "BBVA"
BBVA Compass, the U.S. subsidiary of the Spanish banking giant BBVA, purchased the neobank Simple almost three years ago for $117 million. Since then, it has written down $89.5 million of that investment. $60 million of that came in a “goodwill impairment” in 4Q 2016. BBVA Compass held an earnings callRead More
In the transition from in-person advice from financial planners, to a fully robo experience available at your fingertips, there is (at least) one step in between: the cyborg model. In the world of financial advice, a hybrid advisory system, which combines fully automated algorithm-driven advice and certified (human) professionals, seemsRead More
Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more. Carson is a veteran of the ecommerceRead More
5. Artificial Intelligence and Machine Learning From risk assessment, to smart product sales and chatbots: artificial intelligence and machine learning already are (or should be) at the core of any bank’s innovation roadmap. Startups across the board have demonstrated what AI can do for FIs of the future: Just checkRead More
The knock on neobanks (and personal financial management apps, for that matter) has long been that they are only useful to a certain kind of customer — young and single, with uncomplicated financial lives. Simple, the neobank that started it all, is taking on that issue. Owned by BBVA sinceRead More
New York was rocking the fintech this week, from Next Money and BBVA Open Talent to Finovate Fall. Tune in to Brett King and company below to hear the fintech insider perspective.
The morning session at BBVA Open Talent Challenge was all about artificial intelligence. The afternoon session brought on the blockchain. From these sessions, two winners were chosen that will have the chance to engage with a global bank — perhaps the ultimate prize for a fintech startup today. The challenge was partRead More
Calling all fintech startups — today marks the opening of the application period for the second class of INV Fintech, a global accelerator operated by Bank Innovation and Fiserv. Interested startups can apply here. The application period will close Friday, September 9. INV, which launched in January, is the firstRead More
BBVA has its head in the cloud. Through a partnership with Red Hat, announced today, the global bank has designed and deployed an automated cloud based on Red Hat’s OpenStack Platform. The new cloud will allow the bank to have a “highly scalable” infrastructure to support faster digital services and applicationsRead More