Retail Banker International awarded a total of 29 prizes at this year's gathering. These awards, which have been given out for more than 30 years, aim to recognize the achievements of financial institutions from around the world in categories linked to innovation and best banking practices.

This is not BBVA's first award for its open banking services. In 2017, BBVA was the clear leader of eleven banks and fintech companies and produced the best open platform strategy, according to 11:FS, a British consultancy firm that specializes in fintech.



Moreover, The Banker magazine recently cited BBVA as one of the most prominent players in the open banking revolution. Their article showcased BBVA's 2017 commercial launch of its API_Market portal, which currently offers 10 APIs in Spain and 2 in Mexico and the U.S.

But BBVA's commitment to open banking goes much further. An example is the BBVA-backed launch of the startup Denizen, which offers bank accounts for expats or people who live and work in more than one country. This service, which operates via APIs is one of the first tangible examples of open banking and PSD2 roll-out.

Additionally, BBVA participated in a funding round for the German digital platform solarisBank, a pioneer in the 'banking as a service' concept. This German fintech uses APIs to enable its business customers to offer solarisBank's financial services as well as those of third parties.

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BBVA - Banco Bilbao Vizcaya Argentaria SA published this content on 25 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2018 10:22:01 UTC