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Alipay comes to Spain with BBVA

Alipay comes to Spain

BBVA has signed an agreement with Chinese tech giant Ant Financial to enable Chinese tourists to pay in Spanish stores using the Alipay mobile wallet. BBVA is the first Spanish financial institution to be working with Alipay.

Spain’s first fully digital bank Openbank in major transformation

Openbank now open

Openbank, a subsidiary of Spain’s banking giant Santander, has undergone an enterprise-wide overhaul, from products and services, to technology, to corporate culture, to new branding.

Top fintech stories this week – 2 June 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Spain seeks fintech stardom with Red Lyra blockchain network

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A consortium of Spanish companies has created Red Lyra, the “first multisector technology platform in the world based on blockchain”. Lyra comprises fintech and non-fintech companies, professionals, and experts in blockchain. Its founding members include Banco Sabadell, Banco Santander, Bankia, BBVA, Bolsas y Mercados Españoles (BME) and consulting firm Grant Thornton. In fact, just last […]

Cecabank and Grant Thornton create Spain’s first blockchain banking consortium

Regulators not keen on blockchain and Bitcoin

Spanish wholesale bank Cecabank and consulting firm Grant Thornton have created the first blockchain consortium in Spain. Called Blockchain Banking Consortium, the project intends to progressively develop the potential of blockchain in the financial sector, and according to the pair it presently comprises 33% of the Spanish banking sector. Luis Pastor, Grant Thornton technology and […]

BBVA and Ripple complete blockchain cross-border money transfer pilot

BBVA and Ripple in blockchain cross-border payments trial

BBVA has announced the completion of “the first real-life implementation of an international money transfer using Ripple’s new distributed ledger technology (DLT)”. The transaction, which ran on BBVA infrastructures with real money, resulted in money moved between Spain and Mexio “in a matter of seconds”.

Payments innovation reigns in Spain with CaixaBank hub

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CaixaBank, Global Payments, Visa, Samsung and BNP Paribas’ subsidiary Arval have joined forces to set up Spain’s “first” payment innovation hub. The objective behind the hub is to “present society with the best possible user experiences in purchases and commerce, both online and offline”. The centre, which will be located in Barcelona, will specialise in […]

Banco Sabadell in regtech project with AxiomSL

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Risk management and regulatory reporting software vendor AxiomSL has been selected by Banco Sabadell.

Bankia Fintech accelerator opens up for fintech start-ups

spain

Bankia Fintech by Innsomnia, the “first” incubator and accelerator in Spain, is calling for start-ups to submit applications. Spanish bank Bankia and Valencia-based fintech firm Innsomnia have teamed up, and are looking for five ideas, start-ups or spin-offs of consolidated companies to develop their activities in almost every area of the fintech industry. Jose Ignacio […]

ING cans Twyp mobile payments app in the Netherlands, but keeps it going in Spain

ING Twyp

ING is pulling a plug on its peer-to-peer (P2P) mobile payments app, Twyp, in the Netherlands due to the lack of customer uptake. However, the app will continue to function in Spain.

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