Heat olive oil in a pot over medium heat. Add onion, bell peppers, jalapeño, chili powder, onion powder, garlic powder, cumin, smoked paprika and cayenne to the pot and sauté, stirring regularly, until onions are soft (approx. 5 minutes).
Add garlic and corn and sauté for an additional 2 minutes.
Pour beans, tomatoes, green chiles, enchilada sauce and broth into the pot and stir to combine. Bring to a boil then reduce heat to low and simmer for 10 minutes (you can let it simmer longer to allow the flavors to become stronger, but if you are short on time, 10 minutes will do the trick).
Taste and adjust seasonings if needed.**
Transfer half of the soup to a blender (or use an immersion blender) and blend until smooth. Transfer the mixture back to the pot and stir to combine.
Serve soup with any of the optional toppings.