November 16, 2016
HOUSTON, Nov. 16, 2016 /PRNewswire/ -- BBVA Compass' digital efforts got a double vote of confidence from independent research firm Javelin Strategy & Research, which gave the bank's online platform top nods alongside five other banks for Financial Management and Money Movement capabilities in its inaugural Online Banking Scorecard.
BBVA Compass' newest money management solution — BBVA Compass Financial Tools — and its intuitive patent-pending Easy Payments and Transfers™ functionality pushed the bank to the top of the pack in each category. In the Money Movement category, it assessed consumers' ability to move money with "simplicity, confidence, and increasing control." Meanwhile, in the Financial Management category, Javelin evaluated whether a bank allows customers to manage their various accounts online, regardless of where they are held, and how easy it is to do so.
"We work hard to keep our online banking platform ahead of the pack, so we are very proud of these awards from Javelin," said BBVA Compass Executive Director of Mobile and Online Banking Alex Carriles. "Our mission as a bank is to give our customers the tools they need to stay in control of their own financial journeys, and our online banking tools are critical to delivering on this mission."
Javelin compared offerings at the top 30 retail financial institutions by deposit size, examining more than 200 online features to assess its three key areas — Financial Management, Money Movement and Customer-First Banking. Its award white paper can be found here. For more on the bank's winning online banking functionality, see below:
2016 Javelin Online Banking Leader in Financial Management:
Winner for BBVA Compass Financial Tools
BBVA Compass Financial Tools is a free digital money management and account aggregation tool made available in coordination with MX, a leader in unified financial data. It allows clients to create a single view of their financial accounts, regardless of bank of origin, and includes:
2016 Javelin Online Banking Leader in Money Movement:
Winner for Easy Payments & Transfer
BBVA Compass' patent-pending Easy Payments & Transfers stands apart thanks to its reimagined and streamlined user experience. It was simplified to guide clients through a process that enables them to quickly and easily move money to and from accounts inside BBVA Compass, or at other financial institutions. Users simply select the account they are transferring from, select the destination, amount and when they want the money there, review and complete the transaction, all without using complex banking language. Users can also see scheduled and posted transactions, search transaction activity and edit, delete or inquire about scheduled transactions. Easy Payments & Transfers also gives customers multiple options including Wire Transfers, Popmoney® as well as Secure Send℠.
This is not the first time Javelin has singled out BBVA Compass digital offerings for praise. The BBVA Compass mobile banking app was named 2016 Javelin Mobile Banking Leader for Functionality for the third consecutive year and a Leader in Most Comprehensive Alerts category for the first time in the firm's most recent Mobile Banking Financial Institution Scorecard.
For more, visit www.bbvacompass.com.
About BBVA Group
BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The BBVA Group is the largest financial institution in Spain and Mexico, has leading franchises in South America and the Sunbelt region of the United States and is also the leading shareholder in Garanti, Turkey's largest bank based on market capitalization. Its diversified business is focused on high-growth markets and it relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 674 branches, including 345 in Texas, 89 in Alabama, 75 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (4th). BBVA Compass was recently named Best Digital Bank in North America by global finance magazine Euromoney and the best regional bank in the South & West and best mobile app in Money magazine's 2015-2016 list of the Best Banks in America. Additional information about BBVA Compass can be found at bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com.
BBVA Compass is a trade name of Compass Bank.
SOURCE BBVA Compass
For further information: Christina Anderson, External Communications, Tel. 205.524.5214, firstname.lastname@example.org. Follow @BBVACompassNews on Twitter