BBVA API Market
“The bank is helping start-ups to transform the financial services industry in ways never before imagined“, said Retail Banker International. Over the last year, a total of 10 APIs have been launched in Spain via BBVA API_Market, focusing on three segments: retail accounts, business and data.
We are already known on the market for offering one of the largest ranges of financial APIs anywhere in the world. Our goal is very clear: to share BBVA’s capabilities with businesses of any size and any industry, creating new and previously unimaginable opportunities for entrepreneurs and business channels for SMEs.
According to the trade magazine, the launch of BBVA API_Market “stands out among many notable firsts that have placed BBVA at the forefront of innovation and banking digitization“. In short, it has opened the door to an entire generation of innovative products and services that provide our customers with an incredible experience. Thanks to this recognition, which also extended to BBVA Open Talent, the largest fintech competition in the world, that door is now open wider than ever.
The automotive industry is possibly one of the least digitized. This situation is particularly significant in car dealerships, where the purchase and financing process continues to be done in the traditional way. However, APIs can give a new impetus to this service by offering an innovative product and a new experience to their customers.
Knowing how this banking product works can help us benefit from its advantages and get the most out of it.
The PSD2 regulation opened up banking infrastructure to third parties and revolutionized banking as we know it. Particularly as regards contracts for products whose rules seemed set in stone, such as mortgage applications. Thanks to APIs, this can be done entirely online, without going to a branch and minimizing friction in the process.