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Just three months after acquiring digital banking startup Simple, BBVA Compass is continuing its digital self-improvement journey with the hire of two high-profile executives.
May 13 -
Banco Bilbao Vizcaya Argentaria has agreed to pay $117 million for online banking startup Simple.
February 20 -
The acquisition of Simple gives the bank a platform it couldn't have built on its own, says BBVA Compass CEO Manolo Sanchez.
March 13 -
BBVA's purchase of digital-only "neobank" Simple provides both parties with new strengths. For the bankers on the sidelines, it shines a spotlight on the need to attract affluent young customers with trendy mobile services.
February 21
BBVA Compass is partnering with the technology provider CareCloud to offer software and services to medical practices.
As part of BBVA Compass's Healthcare Financial Solutions program, the $73.3 billion-asset bank will offer medical practitioners CareCloud's cloud-based practice management, electronic health records, and medical billing software and services. BBVA Compass, a unit of the Spanish bank Banco Bilbao Vizcaya Argentaria, will provide lending, payroll, and consumer banking services for physicians and their employees.
The purpose of this partnership, the two companies say, is to help medical practices improve cash flow, save time and facilitate business growth.
A CareCloud survey that asked 5,000 physicians about their practices' financial health revealed that nearly 40% see profitability decreasing in 2014. Additionally, 70% of the doctors said they spend multiple days a week on paperwork instead of patient care.
Through this partnership, CareCloud will help BBVA Compass bankers advise medical groups on their software needs and how to accelerate claims processing and payments.
"BBVA Compass understands that cloud-based technologies are the logical choice as physicians and staffs look to better manage their practices and patients in a challenging and fast-changing environment," said Albert Santalo, chief executive officer of Miami-based CareCloud, in a news release.
BBVA Compass has recently brought new technology options to business customers. Earlier this month,
In February, looking to
