Bank of America - News, Articles & Research

BofA granted hundreds of patents

Bank of America scored a record 341 US patents in the first half of 2022, a 50% year-on-year increase, with information security and AI seeing the most action.

09 September 2022

Company announcement/retail

Bank of America records one billion digital logins in July

Bank of America clients are increasingly relying on the company’s award-winning digital solutions to manage their finances.

25 August 2022

News/regulation

Banks to pay $1bn over traders' use of WhatsApp

A handful of Wall Street banks are preparing to pay up to $200m each to settle a case with the Securities and Exchanges Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the use of WhatsApp messages.

22 August 2022

News/devops

US banking heavyhitters invest $20m in low-code platform Genesis

Bank of America, BNY Mellon and Citi have invested $20 million into the low-code platform, Genesis Global.

27 July 2022

News/security

Firms failing to monitor social messaging

Financial services firms are falling short in their efforts to monitor employees' use of social media messaging despite ear-marking communications surveillance as an investment priority, according to recent research.

19 July 2022

Finextra TV/retail

Bank of America shares merchant advice ahead of annual business reviews

Chris Jameson, Co-head of Product Management, Global Transaction Services, EMEA, speaks at MPE 2022 about how companies should consider merchant solutions as part of their business reviews, the new payment solutions available that companies can draw on, and how transaction banks can support companies to keep up with the rapid pace of change in the payments space.

18 July 2022

News/crime

Bank of America fined $225 million for unlawfully freezing accounts during Covid-19 pandemic

The Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) have fined the Bank of America (BofA) for their deficient disbursement of state unemployment benefits during the Covid-19 pandemic.

15 July 2022

News/wealth

BofA invests in iCapital

Bank of America has built on its partnership with iCapital Network by making a strategic investment in the alternative investment platform.

23 June 2022

Company announcement/payments

BofA expands virtual account management tech to firms in the US

This month, Bank of America’s market-leading Virtual Account Management (VAM) solution is coming to companies operating in the United States.

14 June 2022

News/sustainable

Bank of America pledges £1.2 million to Oxford research teams tackling climate change

Bank of America has pledged £1.2m to the University of Oxford to support greenhouse gas removal and sustainable finance research at the Smith School of Enterprise and the Environment.

10 May 2022

News/payments

Bank of America to switch all cards to recycled plastic; Citi starts corporate card conversion

Bank of America is to convert all of its credit and debit cards to 80% recycled plastic starting in 2023.

22 April 2022

News/payments

Zelle's bank owners split on competing with cards at the checkout - WSJ

Some of the banks behind Zelle want to take the American P2P payments service to the checkout, taking on Visa and Mastercard, according to the Wall Street Journal.

07 April 2022