The team at Financial Advisor & FintekNews are pleased to offer our readers our “3 Questions” column, where we chat with a thought leader within a unique sector of fintech and ask them to answer three questions about their company. We recently spoke with Abhishek Gupta, CEO of BBVA Open Platform.
NAME: Abhishek Gupta TITLE: CEO COMPANY: BBVA Open Platform WEB ADDRESS: bbvaopenplatform.com
1.What does your firm do/offer within the fintech sector?
BBVA Open Platform is reimagining how companies access the world’s banking infrastructure by offering one of the first open development platforms for core banking and payment services in the U.S.
Our Banking-as-a-Service solution is API-driven and gives third parties the ability to offer their customers payments and banking services as a seamless and integrated part of their existing user interface. This is unique because it enables companies to serve their customers regardless of whether or not they are existing BBVA customers.
Open Platform’s Identity Verification, Move Money, Account Origination and Card Issuance services can be white labeled for companies from seed to enterprise.
Digit, Modo, Simple and Azlo are a few of our customers that you’ve likely heard of. Digit operates the flow of funds for Digit Pay, a solution to let Digit’s customers make automatic payments toward their credit cards with money saved in Digit by using Open Platform’s APIs. Azlo used Open Platform’s technology to develop an online, end-to-end banking service for the new generation of digital entrepreneurs. We also support customers in the aviation, freelancer and student debt relief spaces, to name a few. We’ll be announcing more about these relationships soon.