Finance & economics | Moving target

BBVA, a Spanish bank, reinvents itself as a digital business

It wants to be as nimble as a fintech startup; shareholders are having to be patient

|MADRID

OUTSIDE, a patch of grass affording a spectacular view of the Sierra de Guadarrama is littered with cartridge casings. Inside the Club de Tiro de Madrid (Madrid Shooting Club), on the city’s northern edge, over 400 people are fixing their sights for the next three months. Their business is not shooting but banking. Teams sit at 27 tables working on specific projects—to improve the global mobile platform, say, or to share information about job applicants. At another 12 tables are data specialists, in-house lawyers and others whose expertise the teams will need. The targets are on the walls: white boards that are soon covered in yellow and pink Post-it notes, listing tasks for the weeks ahead.

This article appeared in the Finance & economics section of the print edition under the headline “Moving target”

Xi Jinping has more clout than Donald Trump. The world should be wary

From the October 14th 2017 edition

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