Bank of America - News, Articles & Research

Company announcement/wholesale

BofA sees 51% increase in companies using APIs for real-time treasury needs

The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs).

24 October 2024

News/ai

AI patents at BofA increase 94% since 2022

Bank of America's artificial intelligence push has led to a 94% increase in AI and machine learning granted and pending patent applications since 2022.

24 October 2024

Company announcement/wholesale

BofA sees 51% increase in firms using APIs for real-time treasury needs

The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs).

22 October 2024

News/retail

BofA launches account to help parents teach kids money lessons

Bank of America has launched an account designed to help parents teach their children how to manage money.

27 September 2024

News/retail

Bank of America to open 165 new branches

Bank of America is the latest US lender to double down on its branch network, pledging to open more than 165 "financial centres" by the end of 2026.

23 September 2024

Company announcement/payments

BofA CashPro app surpasses $500bn in payment approvals

Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years.

25 July 2024

Company announcement/payments

BofA adds transaction search engine to CashPro

When it comes to finding, analyzing and acting on their company’s financial information, corporate finance departments, treasurers and CFOs expect the same ease and convenience they enjoy while managing their personal finances.

11 July 2024

News/startups

Bank of America backs Simply Asset Finance

The Bank of America has moved to support Simply Asset Finance, a fintech that focuses on lending to SMEs, with a loan facility worth up to $120 million.

28 June 2024

Company announcement/retail

BofA's Erica hits two billion interactions

More than 2 billion since 2018. That’s how many interactions Bank of America clients have had with Erica®, the most advanced and first widely available virtual financial assistant, since it launched.

08 April 2024

Company announcement/markets

BofA and State Street back Cboe Clear's CCP for SFT

Cboe Clear Europe, Cboe’s Amsterdam-based pan-European clearing house, today announced that it has secured the support of additional participants to support the launch of its Central Counterparty (CCP) clearing service for securities financing transactions (SFTs).

04 April 2024

Finextra TV/payments

Adapting to B2B Payments: What businesses need to consider

Speaking at MPE 2024, Kevin Baker, Head of Merchant Services, EMEA, Bank of America, discusses the B2B payment system evolution, challenges, and digital transaction benefits. We explore ERP integration, emerging trends like wearables and local payments, and evolving payment expectations for consumers and companies.

26 March 2024

News/retail

BofA rolls five apps into one

Bank of America has given its mobile service a major overhaul, unifying apps for banking, investing and retirement into one personalised digital experience.

21 March 2024