Banco Bilbao Vizcaya Argentaria SA (BBVA) is planning to open a digital consumer bank in Germany, using existing technology to expand at relatively low cost, according to Bloomberg.
The project is led by Javier Lipuzcoa, the head of BBVA’s digital bank in Italy, according to people familiar with the matter. The lender is currently preparing a feasibility study and is putting together a team that would be in charge of the new unit, the people said, asking not to be identified discussing private information.
This effort follows a similar expansion by BBVA into Italy, a move that exceeded expectations and drew more than 420,000 sign-ups.
The move also comes at a time when JPMorgan Chase & Co. and other firms are also looking to offer digital banking services in Germany, per the report.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
