BBVA and SAP Form Strategic Alliance to Enhance Corporate and Business Banking Services

BBVA and SAP have formed a strategic alliance to improve corporate and business banking services. The alliance aims to enhance the bank's offerings and expand its customer base. BBVA is a leading banking group with a presence in several countries and a customer base of over 70 million people. The alliance is expected to drive growth and innovation in the banking sector.

BBVA and SAP have announced a strategic alliance aimed at improving corporate and business banking services. The partnership will integrate SAP's Multibank Connectivity solution into BBVA's corporate banking offerings, enhancing efficiency and agility for clients across multiple countries.

The alliance will be operational in all countries where BBVA has a presence, including Spain, Mexico, Türkiye, Argentina, Colombia, Peru, Uruguay, Venezuela, Portugal, the United Kingdom, France, Belgium, Italy, Hong Kong, and the United States. This global integration will allow BBVA clients to access streamlined treasury management solutions through the BBVA Pivot ecosystem, a platform designed to optimize and simplify financial processes.

The integration of SAP Multibank Connectivity will automate key banking processes, reduce errors and fraud, and enhance compliance with international banking regulations. This automation will also facilitate the exchange of financial information between companies and the bank, improving operational efficiency.

"Thanks to this alliance with SAP, we have taken a significant step forward in bringing our value proposition closer to businesses," said David Arias, Global Head of Business and Institutions Banking Value Proposition at BBVA. "We aim to make it easier for them to access our services and solutions by integrating ourselves into their processes in a more seamless and intuitive way."

Eva Rubio, Global Head of Global Transaction Banking at BBVA Corporate & Investment Banking, added, "This agreement with SAP showcases our commitment to innovation and the continuous improvement of our value proposition for businesses. We are integrating world-leading technological capabilities with our BBVA Pivot platform to enable smarter, more automated, and globally connected treasury management."

José Vallés, Managing Director of SAP Spain, commented, "Now that BBVA is part of the SAP Multibank Connectivity solution, corporate clients can automatically run their treasury and payment processes directly from their own systems, fully leveraging BBVA’s banking capabilities and services."

This strategic alliance is expected to drive growth and innovation in the banking sector, positioning BBVA as a leading digital financial partner for companies.

References:

[1] https://www.bbva.com/en/innovation/bbva-and-sap-forge-a-strategic-alliance-to-improve-corporate-and-business-banking-services/