Bank of America - News, Articles & Research

Company announcement/payments

Bank of America launches cross-border payments tracker with Swift gpi

Bank of America, a charter member of SWIFT Global Payments Innovation (gpi), announced today the launch of a CashPro self-service tool that allows clients to have real-time visibility into their international payments.

11 December 2020

Company announcement/payments

BofA launches cross-border payment tracker; expands Swift gpi support

Bank of America, a charter member of SWIFT Global Payments Innovation (gpi), announced today the launch of a CashPro® self-service tool that allows clients to have real-time visibility into their international payments.

10 December 2020

News/payments

EBAday 2020: Batch processing gives way to the instant payments revolution

At EBAday 2019 in Stockholm, Deutsche Bank’s Koral Araskin highlighted that if instant payments is the new normal, banks will heavily depend on cash buffers to cover all payment flows - even those which come outside of normal working hours. "Is this really meaningfully achievable?" he pondered last year. The events of 2020 and the impact of Covid-19 have truly shown that it must be achievable.

24 November 2020

Company announcement/payments

Bank of America wades into payday loans business

Bank of America today introduced Balance Assist, a revolutionary new solution that provides a low-cost way for clients to manage their short-term liquidity needs, borrowing only the amount they need, up to $500.

08 October 2020

Company announcement/payments

BofA launches omni-channel approach to cross-currency transactions

Bank of America is responding to the dual imperatives of cross-currency transactions – technology innovation and client demand for improved efficiency – with an omni-channel offering that now includes API (application programming interface) and mobile connectivity.

07 October 2020

Company announcement/payments

BofA adds three new APIs to CashPro treasury product

Bank of America is supporting the increasing demand for real-time information and processing in corporate treasury with the launch of three new APIs (application programming interface).

07 October 2020

News/retail

BofA launches financial planning tool

Bank of America has unveiled a digital tool, called Life Plan, that helps customers set and track their financial goals.

07 October 2020

News/wholesale

Client is king: How two US banks optimise tech execution

In anticipation of Sibos 2020, we zero-in on a key focus area that financial institutions across the payments landscape will be paying close attention to as technology becomes more complex, consumers more sophisticated, and margins ever-more slim. That is, getting the most out of technology investments by improving execution.

30 September 2020

Company announcement

Bank of America sets company record for patents filed and granted during first half of 2020

Bank of America today announced it has recorded the most patents filed and granted in the first half of any year in the history of the company.

15 September 2020

Company announcement

Bank of America upgrades mobile app

At a time when clients are engaging heavily through digital channels, Bank of America has announced enhancements to its mobile banking app as part of its ongoing commitment to delivering a personalized digital experience for clients’ banking, investing and lending needs.

01 September 2020

Company announcement/retail

Bank of America brings mobile wallet to EMEA and APAC

Bank of America has expanded its mobile wallet capabilities for corporate clients in EMEA and APAC.

29 July 2020

News/cloud

BNP Paribas joins IBM Cloud for Financial Services initiative

BNP Paribas is to become an anchor client in the EU for IBM's Cloud for Financial Services framework, developed in collaboration with Bank of America to drive financial-grade security and compliance controls in public cloud infrastructures.

22 July 2020