From BBVA Data & Analytics to BBVA AI Factory

BBVA AI Factory News&References, Vision&Values

Ten years ago, a group of inquiring minds at BBVA created a small innovation program to explore opportunities to exploit financial data. A decade may not seem like a long time, but when it comes to technology, it feels like time travels twice as fast. By 2011 we hadn’t yet seen a machine beat the ‘Go’ world champion in the …

An AI Factory team releases internal software to analyze relations

Santiago Basaldúa News&References

A 283 year old field of mathematics founded by Leonhard Euler with his “Seven Bridges of Königsberg” problem is changing the way we tackle customer analytics at BBVA. Rather than studying clients, corporations, managers, products or ATMs as static objects with standard attributes or “labels” such as those emerging from traditional customer segmentation, this field, called Graph Theory, focuses on …

Call for Participants: Data Challenge in Financial Macro-modeling

Jairo Mejía News&References

As data scientists we love participating in various initiatives outside the scope of our daily jobs. This gives us the chance to learn new things that are not directly related to our field of expertise and take a fresh look into complex analytical problems. At the same time, these kinds of experiences allow us to collaborate with colleagues who normally …

The best events for a traveling data scientist

Jairo Mejía News&References

We get it! You love gatherings where the best data science and advanced analytic knowledge is shared. The research papers, the workshops, the posters, the keynote speakers, and the applied use cases are a great way of getting fresh perspectives and ideas. We also know that you love the chance to enjoy the best cities where these events are organized. …

The Best Online Courses for Data Scientists

Jairo Mejía News&References

The Data Scientist profile is one of the most demanded profiles in the labor market. At the same time, the Data Science toolset is becoming more diverse and the skills demanded are broader. Luckily, for those trying to take the first steps into Data Science or mastering techniques, there are many excellent online courses. After publishing a list of recommended …

Bayesian Deep Learning meets Google Cloud for a better forecasting engine at BBVA

Jairo Mejía Data Processing, News&References

BBVA Data & Analytics have just published a white paper in partnership with Google Cloud that showcases an end-to-end solution to deploy to production a Deep Learning model for time series forecasting. The model incorporates uncertainty of the predictions, which, we believe will have a powerful impact on improving the customer experience of products such as BBVA’s expected expense tracker …

Building Open Source Software in a Large Corporation

Santiago Basaldúa News&References

The world runs on data. However, without the dynamic, accessible and adaptable nature of OSS (Open Source Software) the pace of exploitation of data-rich fields would be painfully slow. Imagine a world of Data Science without Linux, Python, Anaconda or Tensorflow, just to cite some relevant examples of Open Source Software. During the last few years, the trend of using …

Research and Innovation: What the Future Looks Like for the EU

Marco Creatura News&References

What are the technologies that will shape the future of the European Union? Who are the players involved in the creation of these upcoming innovations? In an attempt to answer these questions, we have analyzed several open data sources from the European Commission to identify the strategic priorities for the future beyond 2020. Leading the race are Nuclear fusion, graphene, supercomputing, autonomous …

Ethical Implications of Personal Data Usage from Corporations

Beatriz Alonso News&References

Just two months ago, Facebook’s CTO Mike Schroepfer acknowledged in a statement that “the data of more than 87 million people could have been shared inappropriately with Cambridge Analytica.” Cambridge Analytica abused the possibilities offered by the social platform creating personality profiles based on that data stolen from the platform. This data was allegedly used to influence the outcome of …

Stephen Hawking, The Genius Who Saw the Potential of a Responsible Development of Artificial Intelligence

Jairo Mejía News&References

Stephen Hawking (1942-2018) left this world for the stars on Pi Day, both celebrated by mathematicians and physicist all over the world. Those who read “A Brief Story of Time” and decided to explore the world through numbers and with scientific eyes are mourning the loss of a genius with a great sense of humour and ability to analyze the …

First, We Look Back. Then We Look Forward

Beatriz Alonso News&References

As 2017 comes to an end, it is the ideal moment to draw up a list of the achievements made during this period and, of course, discuss the new challenges that lie ahead. Our co-CEOs Fabien Girardin and Jon Ander Beracoechea have just closed the review of our yearly objectives highlighting the efforts and their metrics to deliver business impact, …

Recommended Readings on Data Science

Juan Murillo News&References

The journey that has taken data and its applications from the periphery to the heart of today’s debate has multiple ramifications: social, ethical and legal questions about the opportunities and risks of “datification” in our society, business aspects around the challenge of transforming data into innovative solutions perceived as a new value by customers, and technical and methodological aspects around …

Can People Analytics Transform Management?

Antonio Moneo News&References

This article is a brief summary of the contents of the course “People Analytics: Transforming Management with Behavioral Data”, led by Ben Waber and Sandy Pentland at the MIT Media Lab in July 24 and 25, 2017. The content of the article is based on their explanation and bibliographic references. Background People Analytics is a discipline of Social Physics that …

Our Reading List about Machine Learning for Designers

Fabien Girardin News&References

At BBVA Data & Analytics, we continuously collaborate with design teams at BBVA to create user experiences that rely on machine learning techniques (e.g. predictive models, recommender systems). We documented that interdisciplinary practice in Experience Design in the Machine Learning Era that then led to a contribution in collaboration with Neal Lathia from Skyscanner at the AAAI 2017 Spring Symposia …

BBVA Data & Analytics Awarded by The Banker Technology Projects of the Year Award

Fco. Javier López Peñalver News&References

Interview with Francisco Javier López Peñalver and Jordi Nin   Jordi Nin — Data Scientist at BBVA Data & Analytics Jordi holds a Ph.D. in Computer Science, with over 75 research publications in journals, conferences and book chapters. He was granted with the Outstanding Ph.D. Award of the UAB computer science department. Jordi’s thesis was devoted to use several machine …

Creating Value from Geolocated Financial Data

Beatriz Alonso News&References

Recently, took place Carto Locations 2017, an immersive 2-day summit on the latest industry developments, innovation and insights in the world of location intelligence. Along with other leading business professionals and industry experts Elena Alfaro gave an overview of our activities in the fields of analytics, data visualization, geospatial analysis, and data science participated. She particularly explained how we are …

Our Digital Transformation Under the Scrutiny of MIT CISR

Beatriz Alonso News&References

Recently, we have had the pleasure of having Barbara Wixom at our Madrid office. Barbara is a Principal Research Scientist at MIT Sloan Center for Information Systems Research (CISR) investigating data monetization. She has been studying as one of the pioneers in the field and for our role in transforming BBVA. In her talk, she highlighted our efforts to create …

See the Future to Innovate in the Present

Josep Amoros News&References

4YFN stands for “4 Years From Now” and it is the sister event to the Mobile World Congress  that takes place in Barcelona every year. Unlike its older brother, targeted to the audience of large technological corporations, 4YFN promotes startups and entrepreneurs who try to figure out the new business models called to disrupt the status quo. It is remarkable …

Part of BBVA’s Technological Progress and Transformation

Fabien Girardin News&References

We are proud to be part of BBVA’s technological progress and transformation in a complex environment. Built on 160 years of experience, BBVA is now present in 35 countries with more than 134,000 employees. At BBVA Data & Analytics, we contribute in anticipating the needs of each of the 70 millions customers, in improving their experience and increasing their number.

Data Science at BBVA

Beatriz Alonso News&References

What are the fields in which Data Analytics and Big Data technologies can be applied in a heavily regulated environment such as banking? What problems and drawbacks arise when working with large amounts of data in a financial institution, and how to deal with them? In the following video recorded at the VII RITSI national congress, one of our Data …

Data Science Influenced by Talented and Successful Women

Beatriz Alonso News&References

Today, we are more than 40 highly-qualified data scientists, technologists, domain experts, strategy practitioners, and visual design thinkers. Even if this is still not enough, 33% of us are women. Besides inspiring and educating data scientists we support women in the field. This is also the purpose of the Women in Data Science (WiDS), a series of event organized by …

We Join UN Global Pulse in “Data for Climate Action” Challenge

Beatriz Alonso News&References

At BBVA Data & Analytics, we strongly believe in the moral obligation of data-driven organizations to share data and contribute to society. Hence, we regularly contribute to sustainable development initiatives as part of our Data for Social Good agenda. For instance, in our economic impact study of Hurricane Odile, we discovered that aggregated financial data can yield insights into how …

Transforming Big Data into Personalized Experiences

Beatriz Alonso News&References

Companies like Google, Amazon, Netflix have grown exponentially transforming user-generated data into personalized experiences. Today, many organizations like BBVA are using a similar approach with a better understanding of their customers and their expectations. In a recent CON.VERGE event, Marco Bressan, President of BBVA Data & Analytics explained how BBVA embarked into that journey. In an informal chat with Guibert …

Transforming Open Data into Economic and Societal Value

Beatriz Alonso News&References

Since its launch in 2015, European Data Portal is offering a central access point to an increasing amount of re-usable Open Data. Many studies have been published on the financial benefits of this kind of data. However, very little is known about how the companies transform this data into economic and societal value. “We were the respondent with the biggest …

The Powerful Fusion of Intuition with Data

Beatriz Alonso News&References

Last Summer, we launched Commerce360, our service that offers small and medium businesses powerful metrics with contextual business intelligence on millions of consumers throughout Spain. It was one of the first tangible example of how BBVA has transformed its data-driven bank vision into a reality. With Commerce360 even the smallest entrepreneur has contextual business intelligence at their fingertips that exceeds …

Our Contributions to Sustainable Development with Data and Analytics

Fabien Girardin News&References

This week, our Head of Urban Data Services & Applications, Juan Murillo Arias traveled to Cape Town to attend the first meeting of the UN World Data Forum, an initiative that seeks to foster cooperation with a wide array of professional groups, such as information technology, geospatial information managers, data scientists, and users, as well as civil society stakeholders. The …

Introducing a High Definition Retail Trade Index

Juan Murillo News&References

BBVA Research is a reference in macroeconomic analysis and economic research in regions where BBVA is present (e.g. Spain, USA, Turkey, South America) and at a geopolitical level. We encourage you to subscribe to their reports and follow them @bbvaresearch. As part of their observations of consumption in Spain, they exploit National Statistics Institute (INE) figures, and rely on several …

Inspiring Data and Analytics Talks of 2016

Fabien Girardin News&References

Within BBVA, we govern an active data science online community with regular exchanges of references being from academia, start-ups, GAFA, banking, discussing the latests research publications, model applications, toolkit release, data engineering deployments, trends in visual analytics and more. This is part of our culture to cross-pollinate practices and approaches within our different teams and countries. This year we saw many inspiring …