BBVA Sets the Benchmark for Innovation in Corporate Banking, Wins Top Honors from Global Finance

BBVA Sets the Benchmark for Innovation in Corporate Banking, Wins Top Honors from Global Finance

(IN BRIEF) BBVA has been recognized by Global Finance magazine as a leader in corporate banking, winning awards for Most Innovative Bank in Spain, Best Mobile Banking App, and Best Open Banking Strategy. The bank was praised for its innovative use of technologies like blockchain and AI, as well as its comprehensive digital solutions tailored to businesses. BBVA’s mobile banking app was highlighted for its robust features and security, while the bank’s open banking initiatives and recent innovations, such as real-time account verification and vehicle finance solutions, were noted for enhancing customer experience and attracting new clients.

(PRESS RELEASE) BILBAO, 23-Aug-2024 — /EuropaWire/ — BBVA has once again been recognized as a leader in corporate banking, securing multiple prestigious awards from Global Finance magazine. The bank was named the Most Innovative Bank in Spain, along with accolades for Best Mobile Banking App and Best Open Banking Strategy. These awards highlight BBVA’s commitment to advancing digital solutions tailored to the needs of businesses and SMEs.

Global Finance, renowned for its focus on financial markets and investment banking, praised BBVA’s strategic use of disruptive technologies like blockchain and artificial intelligence, which have been integrated into both customer-facing products and internal operations. The magazine also commended BBVA’s open banking initiatives, which feature over 40 API-based financial solutions designed to enhance cash management and integrate banking services into digital platforms.

BBVA’s mobile banking app for businesses was lauded for its comprehensive range of features, robust security, and ability to meet the demands of high-volume transactions. Recent enhancements to the app, including improved connectivity with sales teams and real-time customer service, further cement BBVA’s status as a leader in digital banking.

In 2023, BBVA introduced groundbreaking innovations such as a real-time bank account ownership verification service and the first vehicle finance solution in Spain integrated into dealer websites. These advancements have played a significant role in attracting new customers and demonstrate BBVA’s commitment to delivering cutting-edge solutions that streamline operations and combat fraud.

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SOURCE: BBVA