BBVA faucets Amazon and Bloomberg for cloud-based equities platform – FinTech Futures


Spanish multinational financial institution BBVA has collaborated with Amazon Internet Companies and Bloomberg for the event of an fairness buying and selling platform.

C-fit relies on Amazon’s Elastic Kubernetes Service

Dubbed “BBVA C-fit”, the brand new system is a part of a multi-step journey for BBVA in an ongoing digitalisation programme.

The financial institution hopes the brand new system can enhance its company and funding banking division. It provides that C-fit will “considerably broaden” the vary of providers it supplies purchasers.

The system will host all of the processes associated to administration of market knowledge.

It combines Amazon’s Elastic Kubernetes Service and Amazon Managed Streaming for Apache Kafka with Bloomberg’s B-Pipe.

BBVA says the system affords real-time direct entry to market knowledge over the cloud and incorporates expertise for designing and creating microservice apps.

“BBVA C-fit is one other instance of BBVA’s efforts to strategically remodel the fairness enterprise right into a shopper franchise,” says Roberto Vila, international head of fairness at BBVA.

Cory Albert, international head of cloud technique for Bloomberg’s enterprise knowledge unit, says the brand new system supplies upgraded analytics.

“Cloud adoption within the monetary business has developed such that entry to dependable, top quality knowledge delivered in real-time is the brand new baseline.”

On the retail facet of issues, BBVA not too long ago debuted a line of numberless credit cards beneath the “Aqua” model.

These playing cards shouldn’t have card numbers (PAN), expiry dates or card verification worth (CVV) printed on them.

Clients should entry BBVA’s cell app and test the cardboard quantity, CVV and expiration date when making purchases.

It’s the first Spanish monetary establishment to deploy the brand new verification course of for digital transactions included within the Second Fee Companies Directive (PSD2).

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