Tagged: cathy bessant

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

October 18, 2019 @ 3:10 pm By Omar Faridi  |  

Charlotte, North Carolina-based Bank of America (BoA), the second-largest US bank with over $2.3 trillion in total assets, is reportedly testing out Ripple’s distributed ledger technology (DLT)-based financial products. The bank might be planning to do more with the San Francisco-based Fintech firm’s technology. Ripple’s… Read More

March 27, 2019 @ 2:57 am By Cali Haan  |  

Bank of America has obtained more patents for “blockchain technology” than any other finance institution, but the company’s tech and operations chief, Cathy Bessant told CNBC she’s underwhelmed by blockchain’s prospects: “What I am is open-minded…In my private scoreboard, in the closet, I am bearish.”… Read More