BBVA API Market
At the moment, 25% of bank customers are between 18 and 34 years old. They are more aware of the value of personal or commercial data and more used to working in platform environments where the “best loved brands” do not have as much weight as the user experience they offer. These articles talk about the challenges faced by banks to meet the expectations of younger people:
Banking on millennials. Investing for the future.
A good portrait of the relationship between millennials and the banks, and some key insights about this generation as regards the financial sector and their impact thereon. It contains revealing data such as the 36% decrease in the number of active branches within the next five years and the 121% increase in mobile transactions.
Open Banking driven forward by data-sharing millennials
In general, millennials are more prone to share their data than previous generations. The preferences of millennials, the implementation of directive PSD2 and the technological capability to develop complex services for any type of customer point to a positive future for open banking.
Open Banking is a game changer for millennials
A survey asked more than 300 European bankers how they see the future of open banking with millennials as their main customers. 93% of respondents believe that open banking will bring a deluge of new customer data that will revolutionize how analytics will be used to create more customer-centric financial services. 73% believe that predictive analytics and machine learning will become the most powerful means through which to win bank customers over the next five years.
Banks are looking for young people (article in Spanish)
This analysis focuses on the climate in Spain and looks at the willingness to take out financial products with providers outside the banking sector. The likelihood of this happening increases substantially the younger the respondents are. This interesting text tries to find out how Spanish banks are reacting to this phenomenon.
Are you interested in financial APIs? Discover all the APIs we can offer you at BBVA
In the dynamic world of payments, a new star has emerged in recent years: Buy Now Pay Later (BNPL), i.e. short-term financing that allows you to buy now and pay later. This model allows businesses to purchase goods or services and pay for them in installments, often interest-free, making it an attractive alternative to credit […]
BBVA and Vecttor, Cabify’s subsidiary engaged in managing vehicles with drivers, have entered into an alliance that saves time and provides security to the company and its drivers. The collaboration allows drivers to deposit cash collections at any BBVA ATM and Vecttor to automatically reconcile this activity from their accounts with those in the company’s […]
BBVA has been recognized by Global Finance as the bank with the best global open banking offer for companies. This award comes on top of 12 other recognitions the magazine has bestowed on the company, such as the best bank for corporate clients and the one recognizing its AI factory as one of the best […]
