BankingBusiness

BBVA USA: Offers bank-branded version of Prosper’s digital HELOC platform

  • In the U.S., BBVA a Sunbelt-based financial institution that operates 637 branches, including 328 in Texas, 88 in Alabama, 63 in Arizona, 61 in California
  • The announcement comes a year after the two first announced collaboration to build HELOC digital solutionBBVA USA
  • Prosper’s digital HELOC platform, which developed to simplify the process of applying for and obtaining a HELOC
  • Early results already indicate that the digital solution is helping BBVA close HELOCs 14 days faster on average
  • This partnership well aligned with the core of our strategy, which aims to meet rapidly evolving customer expectations
  • Prosper powered HELOC application launched in early September  a significant improvement in the number of customers
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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