BBVA API Market
BBVA is collaborating with one of the most valuable channels of innovation: universities and business schools. These are the seedbeds that produce the people with the necessary tools, knowledge and training to create innovative business models and successful initiatives that will set the trends in coming years.
One of the most important contributions has been the one that has been carried out with ESADE Business School through the Innovation Summit. This event involves different companies, leaders in their respective sectors, with many challenges for students. Each challenge has 3 multidisciplinary teams formed by between 4 and 5 people from the Fulltime MBA and Executive MBA. During the development of the solutions to the challenges, participants use the tools learned during the master to generate conceptual ideas, prototypes, market research, and finally, a proposed solution which becomes the company’s intellectual property.
BBVA participated in this event through a lecture that covered the latest trends as regards the financial sector. The bank also launched a challenge in which students are challenged to develop a strategy that manages to attract developer communities to the bank’s environment and, more specifically, the Open Innovation area. Thus, the participants in this challenge developed theories that were used to better understand the functioning of communities of developers, items and activities that are attractive and the current image that they have of BBVA.
This produced a variety of highly-attractive initiatives designed to make developers change their concept of the bank and took into account making use of the opportunities BBVA offers to these communities. There was talk of competitions, providing them with a meeting place (community) and presenting them with attractive challenges that encourage participation.
You can learn more about this initiative in this video.
Checkout financing is a digital alternative to credit cards that boasts advantages such as flexibility, creating one credit facility per customer and ensuring their future loyalty, thus improving the customer lifetime value.
APIs can be designed to facilitate customer onboarding, so that the necessary steps are simplified and registration for the bank-mediated service is maximized.
Alipay has become one of the most important and popular payment systems in the world. Owned by Ant Financial Services Group, a subsidiary of Alibaba, it currently has 1.3 billion users, becoming the most widely used platform globally to make cell phone payments.