Banks are facing a new breed of competitor, BBVA chairman says [CNBC]
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
US:NYSE Investor Relations:
shareholdersandinvestors.bbva.com
Company Research
Source: CNBC
show chapters Banks need to start paying more attention to the technology sector as this is where their future competitors lie, the executive chairman of Spanish lender BBVA said Wednesday. Francisco Gonzalez said that it is tech firms, both large and small, that the banking industry should be monitoring – and not other financial institutions. Our competitors are not going to be the banks, generally speaking. It's going to be the big techs and some start-ups, Gonzalez told CNBC's Joumanna Bercetche in Brussels. This is the new league of competitors we are envisaging in the future. So we are focused on that and investing — investing every year in order to be more efficient. One of the biggest challenges for the banking system is adapting to the fast-changing tech world, with digital currencies and online banking taking center stage. BBVA, was the first global bank to issue a corporate loan using blockchain, the technology behind cryptocurrencies. I
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Earnings
- 7/31/23 - Beat
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Analyst Actions
- 3/25/24 - Barclays PLC
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Sec Filings
- 4/22/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/2/24 - Form 6-K
- BBVA's page on the SEC website