BBVA USA partners with Google to offer digital bank accounts
When launched in 2021, the co-branded, FDIC-insured digital accounts will be offered via Google Pay.
BBVA USA today announced that it is collaborating with Google to offer consumers a digital bank account through Google Pay, continuing its focus on innovation in the financial industry.
When launched in 2021, the co-branded, FDIC-insured digital account will be offered via Google Pay and built on top of the bank’s existing infrastructure. Google will provide the front-end, intuitive user experiences and financial insights.
“Google is excited to work with BBVA USA in enabling a digital experience that is equitable for all and meets the evolving needs of a new generation of customers,” said Felix Lin, vice president of Payments Ecosystems at Google. “We believe that we can use our technology expertise to benefit users, banks and the entire financial ecosystem.”
For BBVA, the collaboration was made possible thanks to its decades-long focus on digital transformation and innovation, specifically its open banking initiative, BBVA Open Platform, that enables the bank and its partners to acquire and engage customers by embedding financial products that create powerful consumer value propositions. BBVA Open Platform is a comprehensive developer platform that provides a suite of banking and payments services in the U.S. backed by a global financial institution.