Bank of America

409 results about this entity

Period: 13 Jul 2004 - 08 Apr 2024


BofA's Erica hits two billion interactions

More than 2 billion since 2018. That’s how many interactions Bank of America clients have had with Erica®, the most advanced and first widely available virtual financial assistant, since it launched.


BofA and State Street back Cboe Clear's CCP for SFT

Cboe Clear Europe, Cboe’s Amsterdam-based pan-European clearing house, today announced that it has secured the support of additional participants to support the launch of its Central Counterparty (CCP) clearing service for securities financing transactions (SFTs).


Adapting to B2B Payments: What businesses need to consider

Speaking at MPE 2024, Kevin Baker, Head of Merchant Services, EMEA, Bank of America, discusses the B2B payment system evolution, challenges, and digital transaction benefits. We explore ERP integration, emerging trends like wearables and local payments, and evolving payment expectations for consumers and companies.


BofA rolls five apps into one

Bank of America has given its mobile service a major overhaul, unifying apps for banking, investing and retirement into one personalised digital experience.


BofA patents increase nearly 70% in five years

Bank of America today announced a record year for its patent portfolio, which has grown to nearly 6,600 granted patents and pending patent applications – a year-over-year increase of 13%, and an increase of nearly 70% since 2019.


Bank of America customers hit by data hack at Infosys McCamish Systems

Bank of America is warning customers of a data breach following a security breakdown at Infosys McCamish Systems, a provider of services for deferred compensation plans at the bank.


BofA launches CashPro Insights

Bank of America has announced the launch of CashPro Insights, a digital tool that analyzes information flowing through the CashPro platform.


BofA rolls out new auto shopping tools

Bank of America is introducing new digital capabilities to support consumers in their car shopping and financing journey.


Bank of America hit with multiple fines over banking malpractice

Today, the Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay more than $100 million to customers for systematically double-dipping on fees imposed on customers with insufficient funds in their account, withholding reward bonuses explicitly promised to credit card customers, and misappropriating sensitive personal information to open accounts without customer knowledge or authorization.


Bank of America leads $35 million round in OpenFin

Bank of America has led a $35 million Series D investment in capital markets operating system provider OpenFin, with significant participation from existing investors Pivot Investment Partners and ING Ventures


BofA launches fintech accelerator

Bank of America is launching a fintech accelerator that aims to attract entrepreneurs from underrepresented communities.


Enhancing growth in merchant services

Speaking at Merchant Payment Ecosystem 2023, Kevin Baker, Head of Merchant Services EMEA, Bank of America, and Chris Jameson, Head of Product Management EMEA, Global Transaction Services, Bank of America, discuss how to improve merchant services for both customers and clients by leveraging data, APIs, and open banking.


BofA financial planning tool proves a hit

More than 10 million customers have used Bank of America's financial planning tool, Life Plan, since its launch two and a half years ago.


BofA reports record year for patents granted

Bank of America announced a record-breaking year for patents received in 2022 with 608 patents granted, a 19% increase year over year.


Big US banks prep mobile wallet to take on Apple

America's biggest banks are teaming up to take on Apple and PayPal with a digital wallet linked to customers' debit and credit cards, according to the Wall Street Journal.


BofA bot Erica hits 1bn customer interactions

Bank of America's AI-powered chatbot, Erica, has passed the one billion client interactions mark, helping nearly 32 million customers since launching in 2018.


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.


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

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.


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.