Bank of America

417 results about this entity

Period: 13 Jul 2004 - 24 Oct 2024

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Industry issues and technology enhancements

/Sibos

Industry issues and technology enhancements

Stephanie Wolf, Head of Global Financial Institutions, Governments and Business Banking Sales for GTS, Bank of America joins FinextraTV at Sibos 2022 to discuss the issues facing the industry and Bank of America’s latest innovation in APIs.

/payments

Bank of America extends Pay by Bank to euro currency payments

Bank of America’s innovative online payment solution, Pay by Bank, is now available for euro currency payments.

Morgan Stanley, Goldman Sachs, among banks fined $1.1 billion by SEC

/regulation

Morgan Stanley, Goldman Sachs, among banks fined $1.1 billion by SEC

16 of Wall Street’s largest financial institutions been charged to pay a combined $1.1 billion to US regulators for not monitoring unauthorised employee messaging, announced the Securities and Exchange Commission (SEC) on Tuesday.

/wholesale

Bank of America introduces QR sign-in for CashPro

Bank of America today announced the launch of QR sign-in for CashPro, a development that makes it easier for companies to access their payments, cash management and trade finance operations.

Wall Street giants join $60m AccessFintech funding round

/markets

Wall Street giants join $60m AccessFintech funding round

Capital markets specialist AccessFintech has closed a $60 million Series C funding round led by WestCap and joined by a host of big banks, including BNY Mellon and Bank of America.

BofA granted hundreds of patents

/devops

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.

/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.

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

/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.

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

/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.

Firms failing to monitor social messaging

/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.

Bank of America shares merchant advice ahead of annual business reviews

/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.

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

/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.

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