BBVA Open Platform has developed a suite of banking and payments services that enterprises can offer their customers without becoming a bank themselves. In this article, we cover the basics to help you understand what BBVA Open Platform is, the services we offer, and how you can use them.
Open banking has been slow to take off in the U.S., but now that the Consumer Financial Protection Bureau (CFPB) has announced it will release Advanced Notice of Proposed Rulemaking on this topic by December, that could be set to change.
BBVA USA today announced that it is collaborating with Google to offer consumers a digital bank account through Google Pay, continuing its focus on innovation in the financial industry. For BBVA, the collaboration was made possible thanks to its decades-long focus on digital transformation and innovation, specifically its open banking initiative, BBVA Open Platform, that enables the bank and its partners to acquire and engage customers by embedding financial products that create powerful consumer value propositions.
The time and money spent processing payments and receivables is particularly burdensome during a global pandemic, when it is critical for companies to have more control of their daily cash flow, better working capital management and the ability to maintain the health of their supply chain.
At Open Platform, we’re always looking for ways to make our banking and payments services accessible, transparent and easy to use, so based on feedback from our users, we have completely redesigned the Guides section of Open Platform’s website that explains how to use our APIs.
Employer health and wellness benefits are becoming a crucial tool for companies and resource for the workforce. How can API-driven banking and payments solutions make delivering benefits and wellness resources to employees faster, easier and more cost effective?
CB Insights’ latest Global Fintech Report highlights top fintech trends. Learn about the trends our team has its eyes on.
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.