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
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.

You May Also Like

UK Government Launches New Online Crime Squad to Combat Cybercrime

Specialized unit aims to enhance online safety and counter digital crime.Highlights: The UK government unveiled a new online...

NYSE Faces $9 Million Fine from SEC Over Trading Glitch

Regulatory action follows significant trading errors affecting market operations.Highlights: NYSE fined $9 million by SEC for a trading...

Stablecoin Startup Kast Raises $80 Million to Accelerate Growth

Funding aims to expand operations and enhance offerings in the stablecoin sector.Highlights: Kast raises $80 million inSeries A...

Nasdaq Connects European Trading Venues to Seturion Tokenized Asset Platform

New integration aims to enhance trading efficiency in Europe.Highlights: Nasdaq links European trading venues to Seturion platform.Integration focuses...