Financial services disruption – why I’m backing the banks

Len Padilla is NTT Communications in Europe

For banks, a race to remain relevant is on. In the past few weeks, Lloyds Banking Group has announced its intention to double-down on digital banking, closing branches and cutting costs. In the US, BBVA Compass announced that its agreement with startup Dwolla to offer real-time payment facilities to customers makes it the first mainstream bank to open its technology platform to digital developers like Dwolla

BBVA names Next Bank Europe startup finalists


Spanish bank BBVA has named the 20 finalists for the European leg of its financial services startup challenge, BBVA Open Talent, which will feed into the Next Bank Europe conference in Barcelona next month.

Custodian bank trio cut T2S asset servicing deal with Clearstream


Post-trade services institutions Clearstream, BNP Paribas Securities Services, Intesa Sanpaolo and BBVA have formed a tie-up in Europe, which they say is aimed at better asset servicing n Belgium, France, the Netherlands, Italy and Spain under the ECB’s forthcoming T2S project.

Getting personal: banks must brace for change

Uguina: innovation will only work when it is supported and integrated at every level

Major global banks need to grasp social networks, cloud computing, user-generated content, personalisation, contextual information and gamification if they are to maintain a competitive edge and stay connected with customers. But they also need to ensure their innovations are transmitted thoroughly to all employees, according to panellists at the BAFT IFSA conference in London on Monday.

BBVA Asset Management picks Markit for EDM platform

BBVA says its new system will help it to manage its data

BBVA Asset Management has chosen an enterprise data management platform from Markit, which will act as hub for its securities, portfolio, fund, issuer and position data in several countries, including Spain and Mexico.