Spanish bank BBVA has acquired Openpay; fintech startup Openpay is a payment service provider that will help to facilitate real-time payments and transfers for BBVA; according to Openpay Co-Founder Roberto Bargagli: "This acquisition shows BBVA's commitment to digital transformation and it is an example of how fintech firms and banks are going to revolutionize the global ecosystem together. We will work with tremendous enthusiasm to take advantage of this huge potential." Source
BBVA has a staff of over 150 data scientists, engineering and department heads near their Madrid HQ specifically focused on...
BBVA has invested in Sinovation Ventures as the fund can help to strike partnerships for the bank and they see the potential for strong return on investment; the focus on AI is helping the bank to keep innovating and offer mor potential services across their different regions. Source.
It was last November when we first heard that Prosper had plans to expand their offerings from personal...
Lend Academy interviews the CEO of BBVA’s new SME online lending initiative called Trustu; Vinacua discusses their innovation centers, how they interact with startups, why they decided to launch a platform, the social underwriting component of the underwriting and more. Source
In this conversation, we chat with Chris Dean, who is the Founder & CEO at Treasury Prime. Previously, Chris was the CTO & VP of Engineering at Standard Treasury, which was acquired by Silicon Valley Bank for an undisclosed amount.
More specifically, we discuss all things banking-as-a-service, FinTech APIs, embedded finance, and the general evolution of the FinTech banking industry over the last decade.
BBVA is well known for being a leader when it comes to adopting new technology; back in 2011 they sought...
Swedish open banking platform Tink, undeterred by the evolving financial crisis, has acquired the Spanish account aggregator platform Eurobits Technologies;...
Spanish bank BBVA has reported $90 million in goodwill impairment charges related to its acquisition of digital bank Simple; the acquisition has caused many analysts to question the valuation metrics for digital banks; BBVA acquired Simple in 2014 for $117 million which was $1,100 per customer; a similar digital bank sale of BankMobile is currently being priced at approximately $50 per customer; despite the impairment charges for BBVA, the bank has reported success from its acquisition with continued investment in Simple helping to increase its workforce to 350 employees. Source
In the last few years banks have started to retrain employees on how to use various new technologies so they...