BBVA Recognized as a Global Leader in AI, Ranking 13th Among Top Banks Worldwide

BBVA Recognized as a Global Leader in AI, Ranking 13th Among Top Banks Worldwide

(IN BRIEF) BBVA has been ranked as the 13th most advanced bank globally in artificial intelligence (AI) by the Evident AI Index, which assesses AI and data integration in the world’s top 50 banks. BBVA ranks first in Spain and fourth in Europe due to its strong AI strategy, leadership, and professional development opportunities for AI specialists. The bank has significantly improved across all key areas, including talent, innovation, and responsible AI practices, climbing 13 spots from the previous year. BBVA’s long-term focus on AI has enhanced its internal operations and helped provide clients with personalized financial solutions. Additionally, its recent partnership with OpenAI highlights its commitment to generative AI technologies.

(PRESS RELEASE) BILBAO, 22-Oct-2024 — /EuropaWire/ — BBVA has been recognized as one of the world’s most advanced banks in artificial intelligence (AI), securing the 13th spot in the Evident AI Index, which evaluates the integration of AI and data technologies among the 50 largest banks globally. The bank’s consistent efforts to incorporate AI across its operations have also earned it the top position in Spain and fourth in Europe. BBVA is particularly noted for its professional development opportunities for AI specialists and its comprehensive, organization-wide AI strategy, which is spearheaded by its top executives.

The Evident AI Index measures over 90 indicators related to four key areas: talent, innovation (research, patents, and partnerships), leadership in strategy and public communications, and transparency in responsible AI practices. According to Evident, the banking industry saw a significant rise in AI-related activities in 2023, with 80% of the evaluated banks improving their AI performance. BBVA made substantial gains, climbing 13 places in the global rankings since the previous year, with improvements across all assessed areas.

BBVA stands out particularly in leadership, ranking seventh globally for its clear and strategic implementation of AI technologies at the highest organizational levels. The bank also ranks eighth worldwide in attracting AI talent and offering extensive opportunities for professional development. BBVA’s journey in AI began more than a decade ago, and its efforts are now helping it become more efficient and provide clients with personalized financial solutions.

The bank’s Global Head of Data, Ricardo Martín Manjón, emphasized the transformative potential of AI, particularly with new technologies like generative AI, which BBVA is already exploring. BBVA has also partnered with OpenAI to equip its employees with 3,000 ChatGPT Enterprise licenses, further enhancing the bank’s operational efficiency.

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SOURCE: BBVA