Bank of America - News, Articles & Research

US banks back ID verification service

Some of America's biggest lenders have joined forces with Early Warning on a service that lets people use their bank login details to verify their identity when using participating business' sites and apps.

06 April 2022

News/markets

Wall Street players launch syndicated loan platform

Some of the biggest banks on Wall Street are backing a new syndicated loan platform, called Versana, that is aiming to bring transparency, efficiency and velocity to the $5 trillion market.

17 March 2022

Company announcement/retail

Digital engagement soars at Bank of America

Bank of America added more than 2 million active digital clients last year, a single-year record, with its total number of verified digital users reaching more than 54 million.

22 February 2022

Company announcement/sustainable

AXA, BofA join Ocean finance initiative

The development of a new global finance ecosystem designed to channel hundreds of millions of dollars into coastal and ocean natural capital by 2030 is underway, it was announced today at the One Ocean Summit hosted by France.

10 February 2022

Company announcement/payments

Bank of America launches AI-enabled CashPro Forecasting

Bank of America today announced the launch of CashPro Forecasting, a tool that uses artificial intelligence (AI) and machine learning (ML) technology to more accurately predict future cash positions across clients’ accounts at Bank of America and other financial institutions.

18 January 2022

News/security

BofA launches Account Validation service

Bank of America has rolled out a fraud prevention service for corporate and public sector clients making payments in the US.

29 October 2021

News/sustainable

Reaching net-zero will require $5 trillion every year for the next 30 years, says BoA report

Ahead of COP26, Bank of America Global Research has issued a net-zero primer and stocks picks report, which predicts that $5 trillion will need to be invested every year for the next 30 years, if global emissions targets are to be reached.

15 October 2021

News/Sibos

Sibos 2021: How can banks take meaningful action on climate change?

With COP26 fast approaching, and the financial industry facing additional costs to comply with government actions on climate change, it needs to start asking itself some tough questions, namely: Are we acting responsibly for the future? Are we driving carbon neutrality in the businesses we finance? Are we acting as an enabler for investments to lower the cost and increase the deployment of low-carbon technologies?

14 October 2021

News/payments

Bank of America launches Recipient Select for B2C payouts

Bank of America is rolling out a new business-to-consumer payments portal that enables recipients of payouts to select their preferred method of payment.

12 October 2021

Finextra TV/sustainable

Banking on change: Building the innovative and sustainable enterprise

Ayeesha Sachedina, Chief Transformation Officer, GTS, Bank of America, speaks to FinextraTV during Sibos about how the pandemic has accelerated the drive for organisational change, what true successful transformation requires and what those rethinking their business models to be more resilient for the future need to consider.

12 October 2021

News/retail

BofA preps massive VR training programme

Bank of America is launching a virtual reality training programme in thousands of its sites across the country.

07 October 2021

News/retail

BofA's financial planning tool proves a hit

A year after launch, Bank of America's digital financial planning tool, Life Plan, has attracted more than five million users.

06 October 2021