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Inside BBVA’s banking-as-a-service strategy

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A BBVA logo sits on display outside a Banco Bilbao Vizcaya Argentaria SA bank branch in Madrid, Spain, on Tuesday, July 22, 2014. BBVA, Spain's second-biggest bank, agreed to purchase state-run Catalunya Banc SA for 1.19 billion euros ($1.6 billion) as the government lined up buyers for nationalized lenders. Photographer: Angel Navarrete/Bloomberg