The bank is also considering an increase in the size of its $100m dedicated fintech fund, as it seeks to improve its activity in the sector.

Spain-based bank BBVA is considering establishing a base in London and expanding the size of its $100m corporate venturing fund BBVA Ventures, Financial News reported today.

The move, which would allow BBVA to boost its fintech investments, is being mulled alongside the promotion of an internal candidate to run the office, according to people familiar with the matter.

BBVA Ventures, BBVA’s corporate venturing unit, launched its $100m specialist fintech fund in 2013. It is based in Silicon Valley with…