BBVA Open Platform and Catch announced today that they are working together to deliver banking and payments services for the contingent workforce, which represents nearly 40 percent of the US workforce, or 57 million workers, according to the Bureau of Labor Statistics.
Banking-as-a-Service also has the power to transform the lives of consumers for the better. A powerful example of this is within the student loan industry. While the first generation of fintechs connected consumers with better student loans, a new wave of companies are helping consumers alleviate the burden of student loan debt.
Companies that are partnering with Visa on this program represent a different service offering for the ecosystem, including BBVA Open Platform
“BBVA Open Platform is proud to be an enabler of fintech companies across the U.S., using our intuitive API platform to empower leading innovative companies to offer banking and payments services under their own brand,” said Abhishek Gupta, Head of BBVA Open Platform. “We’re thrilled to work with Visa to expand our mission of helping companies drive exponential growth and create more opportunities for consumers on top of better banking and payments services.”
Open Platform was created through BBVA's acquisition of Simple. BBVA now partners with firms looking to digitize their payments and improve customer experience.
Techies, venture capitalists and forward thinking bankers gathered in the Big Apple to talk about everything from future unicorns to the future of money at CB Insights’ annual Future of Fintech conference. The Open Platform team shares highlights from the event!
We have always enabled digital bill pay to companies in our comprehensive electronic biller directory, but we recently expanded our Move Money service so that you and your customers can now settle bills with any US company or individual.
In the constantly evolving world of finance, success is about more than dollars and cents, and relationships are more complex than lines of code that financial consumers will never see. In early May, Susan French, head of product for BBVA Open Platform, a New Digital Businesses portfolio company, took part in a panel discussion at FinovateSpring’s Customer Experience Summit in San Francisco.