BBVA USA Collaborates With Google: BBVA USA last week announced that it will be collaborating with Google in order to offer a digital bank account through Google Pay to the consumers. By this announcement BBVA USA again proved its innovation in the financial industry.
These co-branded, FDIC-insured digital bank accounts are expected to be launched in 2021. After their launch, the accounts will be offered through Google Pay and google will play its role by providing the front-end, intuitive user experiences, and financial insights.
What did Google say about this collaboration?
Google is very much excited to work in partnership with BBVA USA in enabling a digital experience that will fulfill all the needs of the customers at the same time it will meet with the evolving changes in the digital platform, Felix Lin the vice president of Payments Ecosystems at Google, said.
He further said that this new technology will provide benefits to the users, banks, and the entire financial ecosystem.
What did BBVA USA say about this collaboration?
For BBVA this collaboration was made possible only through its decades-long consistent focus on evolving and upcoming digital technologies. Moreover, its aim to connect innovation and the financial industry further accelerated the initiative.
When we launched our new 5-year strategic plan in January, we said that two key pillars were to reach more customers with our digital offerings and use our expertise in finance, digital and innovation to help them improve their financial health,” said BBVA USA President and CEO Javier Rodríguez Soler. “This collaboration with Google is fully aligned with this effort – even more so in today’s world where the ability to conduct your financial life in a digital manner, from account opening to transacting to understanding financial health, is imperative.”
BBVA USA has focused for decades on how to combine digital technologies with that of the finance industry and finally, they emerged out with this idea. These new digital bank accounts will help the customers to manage good financial health.