Spain Bbva Offer Tender

The digital onboarding process based on biometric identification technologies which is already available in Spain will now reach other countries thanks to the reuse of globally designed components.One of the greatest achievements made possible by technology in recent years is that one can become a bank customer without ever having to step foot in a branch. The digital enrollment process is now even more convenient thanks to biometric technologies which use unique physical traits faces voices or fingerprints to verify users identities.By implementing this biometric technology BBVA became the first bank in Spain to offer digital enrollment to potential customers. Technology has been improving ever since making the process even easier. For example it is no longer necessary to set up a video call to verify the identity of customers in Spain. A short selfie-video with the customer showing his or her form of identification is now all thats needed.Today the online enrollment service is available in Mexico Spain the U.S. and Colombia. It will soon be launched in Peru Argentina and Turkey. Our goal is to have digital enrollment available to all users across our operating footprint by the end of 2019 explained Gonzalo Rodrguez BBVA Global Head of Customer Solutions.For 80 percent of the banks footprint this is only possible thanks to the reuse of components that enable biometric identification components that have been designed holistically so that they can be easily adapted to the distinct requirements of different countries and markets. For example in some countries Colombia for instance customers will not have to download or install an app to take advantage of digital enrollment. They will be able to complete the process on the web which is the preferred channel in this region. Whereas in Turkey and the U.S. the bank uses different identity verification mechanisms via digital channels that conform to regulatory requirements and customer habits specific to these markets. BBVAs goal is to allow everyone in its footprint to become a BBVA customer securely and over their preferred channel.Veridas a world leader in biometricsThese biometric solutions have been a collaborative development with Veridas BBVAs 2017 joint venture with the Spanish start-up Das-Nano. Veridas is dedicated to the research and development of biometric identity verification software such as voice and facial recognition. In 2019 the U.S. Department of Commerces National Institute of Standards and Technology NIST recognized Veridas for having the third best biometric technology in the world. NIST is an international leader in technology standards and releases a vendor test assessment each year.The test involves running an algorithm to analyze real facial images in poor lighting where the subjects arent looking directly at the camera or who might be hiding part of their faces with their hands or hair. Veridas managed to come in third place and is the only Spanish company among more than 100 participants.We want customers to be have access to maximum banking features and services via their preferred channel at any time of day or night conveniently and safely. To this end Veridas has demonstrated that they have unrivaled technology which will now be available to our customers wherever we operate Rodrguez explains.This is why BBVA is looking to do even more than new customer online enrollment. The bank is also working to develop technical solutions that allow current customers to sign up for products new payment cards loans or mortgages for example entirely online without having to visit a branch. Throughout 2020 the bank aims to gradually roll-out these features currently available in some countries across its entire operating footprint.