BBVA – Enterprise Tech Ecosystem Series
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BBVA has been focusing on AI and machine learning as a part of its digital transformation strategies. The annual ICT spending of BBVA was estimated at $1.8 billion in 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. BBVA is a provider of retail banking, private banking, asset management, wholesale banking, and other related financial solutions.
The BBVA Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.
Digital Transformation Strategies
In line with its digital strategy, BBVA is utilizing artificial intelligence (AI) and machine learning (ML) technologies to automate repetitive tasks and enhance customer experiences. BBVA established an in-house AI Factory to explore potential opportunities around AI and develop solutions that help streamline internal processes. BBVA has also collaborated with tech companies to provide innovative products and services to its customers.
To gain more insights on digital transformation strategies and initiatives of BBVA, download a free report sample
BBVA Technology Theme Focus
BBVA is utilizing number of emerging technologies including artificial intelligence, big data, blockchain, cloud computing and payments to improve operational efficiency and enhance customer experience.
BBVA Technology Focus
To know about other technology themes under focus for the company, download a free report sample
BBVA Technology Initiatives
BBVA has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, BBVA Switzerland’s crypto investment offering (developed using Avaloq’s proprietary Crypto Assets solution) enables investments in traditional and crypto assets within the same portfolio, providing clients with a seamless and transparent user experience. In 2022, Ether – the native cryptocurrency of the Ethereum platform – was added to the service.
For more insights on other technology initiatives of BBVA, download a free report sample
BBVA ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- Service desk
- Management
BBVA ICT Spend by Function, 2022
For more insights on ICT spending by function, download a free report sample
BBVA ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
BBVA ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
BBVA External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
- Consulting
- Others
BBVA External ICT Spend by Segment, 2022
For more insights on external ICT spending by segment, download a free report sample
BBVA Digital Transformation Strategies Overview
Total ICT Spending 2022 | $1.8 billion |
ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Blockchain, Cloud Computing and Payments |
This report provides:
- Insight into BBVA’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, acquisitions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into BBVA’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of BBVA in 2022?
The annual ICT spending of BBVA was estimated at $1.8 billion in 2022.
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What are the key ICT spending categories by function for BBVA?
The key ICT spending categories by function for BBVA are communications, data center, network, application, end-user computing, service desk, and management.
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What are the key ICT spending categories by channel for BBVA?
The key ICT spending categories by channel for BBVA are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
-
What are the key external ICT spending categories by segment for BBVA?
The key external ICT spending categories by segment for BBVA are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
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What are the key technology themes in focus for BBVA?
The key technological theme in focus for BBVA are artificial intelligence, big data, blockchain, cloud computing and payments.
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