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.
The incidence of natural disasters has increased over the last two decades. How can real time payments to cards provide relief to insurance companies and their customers?
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?
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.
Uber is tapping the power of Open Banking to provide unbanked drivers with access to a digital account from BBVA within its mobile app in Mexico.
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!