Quantessence to provide technological and operational support to BBVA
Quantessence is proud to announce that BBVA has recently started using the
Euroclear Quantessence platform.
The Euroclear Quantessence platform provides technological and operational
support to financial institutions who need frequent, automated asset
rebalancing. Transactions can range from bespoke macro transactions to
highly individualised, protected savings products.
The platform’s open-architecture infrastructure connects participants to the
counterparties of their choice, whilst reducing the operational burden and
time-to-market for algorithm-based products.
Quantessence enables insurance companies and banks to effortlessly tap into
a new generation of personalised savings products, leading to increased
customer satisfaction and long-term sustainable revenues.
Quantessence is part of the Euroclear group, one of the world’s largest
financial infrastructure providers, which aims to strengthen the world’s capital
markets by providing leading and secure pre- and post-trade services.
Euroclear currently holds over 28 trillion euro of assets for clients in over 90
countries and is rated AA- by Fitch and AA by Standard & Poor’s.
BBVA is a customer-centric global financial services group founded in 1857.
The Group has a strong leadership position in the Spanish market, is the largest
financial institution in Mexico, it has leading franchises in South America and
the Sunbelt Region of the United States; and it is also the leading shareholder
in Garanti, Turkey’s biggest bank for 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 longterm
vision and applies the best practices.