Thursday, 14 March 2019

Last week, Forbes named BBVA Compass one of the best banks in the world in their annual The World’s Best Banks report.

Forbes partnered with market research firm Statista to measure the best banks in nearly two dozen countries, surveying more than 40,000 customers around the globe for their opinions on their current and former banking relationships. The banks were rated on overall recommendation and satisfaction and five subcategories: trust, terms and conditions, customer services, digital services and financial advice.

 

Forbes named BBVA Compass one of the best banks in the world. This news means that innovators who use Open Platform can access an intuitive, developer-friendly tech stack and banking services from one of the world’s best banks, all through one platform.

 

As a wholly-owned subsidiary of the bank, Open Platform is thrilled to see BBVA Compass recognized as one of world’s leading banks. Open Platform is an intuitive suite of white label APIs that allow our customers to connect to banking services provided by BBVA Compass. This news means that innovators who use Open Platform can access an intuitive, developer-friendly tech stack and banking services from one of the world’s best banks, all through one platform.

What are the benefits to fintech pioneers of accessing API technology and bank services through a single platform and provider?

1. Simplified Contracts: Understand the agreement you are entering into and who has responsibility for each component of the engagement, from customer service to regulatory compliance and fraud monitoring.

2. Simplified Integration: When you access API technology and banking services through a single provider, these services are typically designed to meet a uniform set of requirements and standards. This makes it easier to be creative and mix and match services to design beautiful user experiences that seamlessly embed financial transactions.

3. Clarity and Reliability: When your technology stack and bank services exist in one integrated system, you have clarity on where your customers money is, any hour of the day. This includes real-time account balances and transaction statuses. If your customer has a question about their funds, you also have a single point of contact with visibility into both technology and financial transactions to help you troubleshoot. That means more efficiency for your team and a better experience for your customers.

 

Open Platform is proud to offer a single, open development platform for innovators to access an end-to-end technology stack and bank services that they can white label as their own. One platform, one tech stack, one bank and a universe of possibilities. The future of finance is Open. What will you build?

 

The Open Platform Team

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