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 …

Diversity and inclusion as a policy decision

Joan Llop Vision&Values

In the science and technology sector we see an undeniable reality: there is still a shortage of women to balance the gender gap. This is an objective and, in the vast majority of companies in the sector, a fact that can be mesured. Even though at BBVA Data & Analytics we have a clear commitment to diversity and inclusion, it …

More women and diversity in technology

Ana Pombo Vision&Values

To celebrate International Women’s Day, we organized and participated in debates regarding the importance of adding more diversity to technology and Data Science teams, as well addressing challenges for women in the labor market. We invited the co-founder of Mujeres Tech, Cristina Aranda, to talk about the challenges facing women in science and technology. One of the recurrent issues in …

What Will the Bank of the Future Look Like?

Jairo Mejía Vision&Values

Until not long ago many people would still show up at a bank branch with a paycheck from their employer, collect the money and leave with a fresh stack of bills, never to be seen between the columns of the gargantuan building until the next payday. They did not see the use case for a bank account, since the mattress …

Fairness by Design in Machine Learning is Going Mainstream

Jairo Mejía Vision&Values, Ways of Working

The consideration of fairness in the development of machine learning-based solutions is gaining traction as a key aspect of artificial intelligence and modelling of social behaviours. This week the Harvard Business Review published a story authored by the leading forces behind a health analytics project that is using Deep Learning to detect people who are at risk of cardiovascular disease. The …

Lifting the Secrecy of Algorithms with Interpretability

Jairo Mejía Vision&Values

As Artificial Intelligence and Machine Learning rapidly infiltrate critical areas of society, the lack of transparency surrounding these processes is becoming a tangible concern for the scientific community, the public authorities and the society at large. From financial and insurance markets to medicine, citizen security or the criminal justice system, the tendency has prevailed in recent years to devolve decision …

Bringing the Artificial Intelligence to its True Potential

Juan Murillo Vision&Values

Since 1953, when the term Artificial Intelligence was coined by John McCarthy in a conference at Dartmouth University we have achieved unthinkable highs: we have taught machines to see, to recognize images or text. We have taught them to read, to listen, speak, or translate. And still they are not even close to having full human-capacities; they don’t comprehend, they …

Training, an Essential Perk to Retain a Data Scientist Profile

Ana de Melo e Faro Vision&Values

BBVA Data & Analytics’ first milestone was achieved in 2011 when BBVA’s Innovation Unit set up a small research team, committed to using existing data sources to solve business challenges. Several external partnerships with research institutions, other startups, Telecom corporations and public institutions, offered promising results such as the massive identification of highly profitable customers formerly labeled as standard customers, …

Artificial Intelligence will be Omnipresent in the Future

Beatriz Alonso Vision&Values

Advances in the last five years on how we gather and process data have been key to speed up the way Artificial Intelligence is used in our daily lives and how human perception itself has been augmented with the use of Artificial Intelligence. There has been great progress in image classification or object recognition, as well as numerous advances in …

How Big Data Transformed BBVA and The Way We Do Things

Jairo Mejía Vision&Values

Recently, Fabien Girardin, BBVA Data & Analytics’ co-CEO, had a sit down with the online magazine Knowmadas to talk about how we have applied advanced analytics and Big Data in a big banking organization, and, more importantly, how this data-driven approach has been supported by a culture shift that is helping BBVA to focus on innovation, vision and the value …

Digital Transformation and Big Data in Companies

Josep Amoros Vision&Values

During the last International Symposium of Applied Innovation IMAT, held from 28 to 30 June in Valencia, our colleague Josep Amorós, responsible for Commerce360, participated as a speaker with a talk dedicated to Digital Transformation and Big Data in companies, and the organization of the event has interviewed him to know his points of view in this field. You can …

The Transformation of a Bank into a Digital Business

Beatriz Alonso Vision&Values

Last week, The Economist, one of the world’s most respected publications in the economic sphere, has written up an article on BBVA Group, entitled “BBVA, A Spanish Bank, Reinvents itself as a Digital Business”. Throughout the text, describe the initiatives that BBVA, as a global bank, is carrying out to become the bank of the future, and the reasons why …

Big Data: “Volume is not the problem but the generation of value in an environment with such diversity”

Jon Ander Beracoechea Vision&Values

Jon Ander Beracoechea — Co-CEO at BBVA Data & Analytics Jon holds a Ph.D. in Electrical Engineering and has published multiple papers in the field of adaptive signal processing. He has been applying advanced analytics and machine learning techniques in the banking industry for 9 years in áreas such as CCAR stress testing (Moody’s) or derivatives pricing (Banco Santander). This …

7 Challenges for the Global Digital Economy

Antonio Moneo Vision&Values

The digital global economy will continue to expand and diversify in 2017. New technologies, customer with new habits and global threats will open opportunities and threats for businesses in different sectors. This article summarizes some of them. New technologies In the next couple of years, Blockchain technologies will consolidate and be applied to different and innovative uses increasing transparency and …

The Data-Driven Bank: From Vision to Reality

Beatriz Alonso Vision&Values

Last week took place Brainstorm@BBVA, an internal company event created to provide all employees with a first-hand update on how of the bank’s most strategic projects are progressing and what kind of work is being conducted. On this occasion, Marco Bressan, Head of Data & Open Innovation at BBVA and President of BBVA Data & Analytics acted as master of …

Towards a Data-Driven Economy in Europe

Elena Alfaro Vision&Values

The implications of the so-called Fourth Industrial Revolution (i.e. the fusion of technologies that is blurring the lines between the physical, digital, and biological spheres) across policymaking are hard to fully measure. Recently I was invited by the think tank Friends of Europe to explore, in collaboration with other stakeholders, the steps that must be taken to enhance transatlantic cooperation, and also to help …

Experience Design in the Machine Learning Era

Fabien Girardin Vision&Values

Traditionally the experience of a digital service follows pre-defined user journeys with clear states and actions. Until recently, it has been the designer’s job to create these linear workflows and transform them into understandable and unobtrusive experiences. This is the story of how that practice is about to change. Over the last 6 months, I have been working in a …

Big Data is the Answer, But What is the Question?

Fabien Girardin Vision&Values

This year, the knowledge we derive from financial data directly reached the hands of customers. Our work helps transform a bank into a data-driven business. We are always thrilled to share our experience with data providers, data technology providers, researchers and other actors in the data economy. In a recent Big Data Value Association Summit in Valencia the organizers asked us …

Transforming a Bank into a Data-Driven Business

Fabien Girardin Vision&Values

At BBVA Data & Analytics, we are strong believers in Amara’s law that says “We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run” One of our main missions is to participate to the transformation of a global bank like BBVA into a data-driven business. This fall, when walking …

Visualization Comes of Age

Jerry Finn Vision&Values

A fair part of our activities to transform data into knowledge involves visualizing large amount of data and communicate the results in interfaces and stories. At BBVA we also advocate for best practices in data visualizations and train data scientists to improve their skills (see for instance our Introduction to Data Visualization and to Human Perception in Data Visualization). Here is …