Tagged: bank of america

February 16, 2022 @ 3:39 am By Omar Faridi  |  

Brad Goodall, CEO and Founder at Banked, notes that it’s a big day for the company – with the announcement of their Series A and their partnership with Bank of America. Goodall also mentioned that the entire team at Banked have worked really hard to… Read More

October 13, 2021 @ 10:54 am By Omar Faridi  |  

Bank of America (NYSE: BAC) has introduced a new solution, which enables firms with frequent payments to consumers to offer their beneficiaries with the option to choose how they “want to be paid.” Called Recipient Select, the solution from Bank of America aims to address… Read More

October 10, 2021 @ 9:18 am By Omar Faridi  |  

Bank of America (NYSE: BAC) is reportedly the first financial services company to introduce virtual reality (VR) training in almost 4,300 financial centers nationwide. As mentioned in a release, this training tech will allow around 50,000 workers to practice “a range of routine to complex… Read More

October 3, 2021 @ 5:39 pm By Omar Faridi  |  

Bank of America (BoA) (NYSE: BAC) reveals that it has appointed Mary Hines Droesch to serve as its Head of Consumer and Small Business Products. Droesch brings over two decades of industry and senior management experience and deep product knowledge to Bank of America. Recently,… Read More

July 11, 2021 @ 1:52 pm By Omar Faridi  |  

Bank of America (BofA) had introduced its Cryptocurrency Research Team as part of its latest Wall Street push. Bank of America Corp. (NYSE: BAC) reports that it formed a new division that will focus on conducting research into the applications of cryptocurrencies. This notably marks… Read More

April 9, 2021 @ 6:55 pm By Omar Faridi  |  

The Mexico-based division of Fintech Unicorn Nubank, which is notably the largest standalone digital banking platform in the world, will be acquiring $135 million in capital in order to support its business operations in the Latin American (LatAm) region’s second-largest economy. As first reported by… Read More

April 2, 2021 @ 1:10 pm By Samantha Hurst  |  

Bank of America announced on Friday it has acquired Axia Technologies, Inc. (AxiaMed), a healthcare payment and technology company that is focused on facilitating secure patient payments. The banking giant reported that the acquisition will deepen and expand its payment offerings for healthcare clients, as… Read More

March 18, 2021 @ 11:44 am By JD Alois  |  

Bank of America has published a report on Bitcoin and it is swimming against the tide as the bank throws shade at the world’s most popular crypto as just a vehicle for speculation. The story has been picked up by many outlets at a time… Read More

February 14, 2021 @ 10:49 pm By Samantha Hurst  |  

  Bank of America has announced its plans to achieve net zero greenhouse gas emissions before 2050. The banking giant revealed its plans are built on its longstanding support for the Paris Climate Agreement and is continuing to actively engage with its clients to help accelerate… Read More

December 11, 2020 @ 8:09 am By Omar Faridi  |  

Research firm CBInsights has released a new report titled, Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted. The report looks at mortgages, Robo-advisors, trading software, and also examines how Fintech firms have been trying to “unbundle” Bank of America’s front office. According… Read More

October 7, 2020 @ 2:09 pm By Samantha Hurst  |  

  Bank of America announced earlier this week the launch of Life Plan, a new digital experience through which clients can set and track near- and long-term goals based on their life priorities, and better understand and act on steps toward achieving them. Available within… Read More

October 7, 2020 @ 11:00 am By Omar Faridi  |  

Bank of America or BoA (NYSE: BAC) has introduced a digital tool, called Life Plan, which aims to help clients with setting and keeping track of their financial goals. The new tool is now available through the BofA’s digital banking app and official website. Life… Read More

October 4, 2020 @ 1:55 pm By Omar Faridi  |  

Bank of America or BoA (NYSE: BAC), one of the largest US banks in terms of total assets and scope of operations, has noted that the month of October is Cybersecurity Awareness Month. The BoA, which recently reported that around 97% of its transactions are… Read More

September 1, 2020 @ 4:18 pm By Omar Faridi  |  

Bank of America (NYSE: BAC), a US-based money center bank and financial services company headquartered in Charlotte, North Carolina, reportedly has over 66 million retail customers. The bank reveals that it handles over 10 billion user interactions per year and claims that 97% of them… Read More

July 24, 2020 @ 12:30 am By Omar Faridi  |  

BNP Paribas, a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), will reportedly become an anchor client in the European Union for tech giant IBM’s Cloud for Financial Services framework. The… Read More

May 4, 2020 @ 7:35 am By Omar Faridi  |  

Mobile and online banking users have increased significantly due to the COVID-19 pandemic. This, as banks across the globe have taken measures to limit or restrict in-person visits to physical branches, in order to prevent the further spread of the Coronavirus. A recent J.D. Power… Read More

March 5, 2020 @ 10:17 am By Omar Faridi  |  

A recent study published by Juniper Research claims that by 2024, the number of digital banking customers will surpass 3.6 billion, which would be a significant 54% increase from the current 2.4 billion users in 2020. This considerable growth has been attributed to the steady… Read More

January 29, 2020 @ 2:36 am By Omar Faridi  |  

Zelle, a peer-to-peer (P2P) payment platform, reportedly handled $187 billion worth of payments via 743 million transactions last year. This, according to the latest figures published by network operator Early Warning Services. Zelle’s year-over-year payment values have increased by approximately 57%, meanwhile, transaction volume surged… Read More

November 7, 2019 @ 9:47 am By Omar Faridi  |  

New York-based tech giant IBM revealed on November 6 that it has developed financial services-specific cloud-based technology through a partnership with Bank of America, which will be the first major financial institution to use the new platform. The publicly accessible platform, IBM’s first industry-specific cloud,… Read More

November 1, 2019 @ 5:43 pm By Omar Faridi  |  

Boston, Massachusetts-based Flywire, a Fintech firm focused on solving complex payment problems globally and locally, revealed that it has developed a new international payments solution for Bank of America (BoA).  The new payment system has been specifically designed to streamline international transactions for BoA’s corporate… Read More