Bank Innovation

OCTOBER 11, 2018

Bank of America is proud of its virtual assistant, Erica, which has 3.5 million users and 11 million transactions within three months of its launch, Michelle Moore, head of digital banking at BofA, said at the BAI Beacon conference in Orlando yesterday. But Erica still has a long way go.

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BankInovation

JANUARY 19, 2022

Bank of America largely credits digital banking, sales and services for its $31.9 billion in net income for 2021, a 79% year-over-year increase.

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PYMNTS

JULY 17, 2019

Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method. In its Q2 2019 financial release , Bank of America also gave updates on its mobile and digital efforts.

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Celent Banking

APRIL 25, 2016

Digital is the new reality in Latin America. In a recent Celent survey 100% of the participants recognized that a scenario where all financial products get digitized needs to be addressed sometime in the next 7 years and 59% of them believe it needs to be addressed immediately. They launched in March of this year.

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PYMNTS

FEBRUARY 6, 2019

Bank of America announced on Wednesday (Feb. 6) the launch of Business Advantage 360, a digital dashboard aimed at helping entrepreneurs manage their business finances. In a press release , Bank of America said the new dashboard is available to business banking customers, giving them a view of their cash flow.

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PYMNTS

MAY 26, 2017

Bank of America is treading familiar ground for an big bank – Chase, Capital One and Wells Fargo have all made similar integrations with the likes of Intuit, Xero and Finicity. “We

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PYMNTS

JULY 16, 2020

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter even as the pandemic raged. However, the bank nonetheless built up an extra $4 billion in reserves during the period to cover any future credit losses. billion for U.S.

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PYMNTS

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. In its Q3 financial release , Bank of America also gave updates on its mobile and digital efforts. million active mobile banking users. During the quarter, consumers made 80.8

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CB Insights

FEBRUARY 27, 2020

Today, a host of fintech startups across banking, payments, and lending are attacking the incumbent banks to expand access to financial services, improve customer service, and promote financial inclusion. The post The Latin America Digital Banking Investment Landscape appeared first on CB Insights Research.

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America Digital Banking Lending Fintech 51

Chris Skinner

JUNE 10, 2018

Vestager, 50 and … The post America versus Europe and the fight for truth in data appeared first on Chris Skinner's blog. During the banter, I mentioned how much better the European authorities are at beating up the US tech giants than the Americans.

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PYMNTS

OCTOBER 15, 2020

Thus far into earnings season, a slew of big banks, spanning J.P. Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year.

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PYMNTS

OCTOBER 9, 2020

In today’s top news in digital-first banking, the government of the Philippines is considering limiting the number of digital banks that run in the country, while Ripple introduced its Line of Credit beta offering. Philippine Government Considers Digital Bank Limits.

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Bank Innovation

MARCH 13, 2018

EXCLUSIVE - Before social media platform Facebook became a popular channel for digital banks to offer banking features to its customers, let’s not forget that FB was first and foremost an important advertising tool for banks to reach a younger audience. Take British challenger bank Starling Bank, for example.

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Bank Innovation

APRIL 18, 2017

Bank of America’s mobile customers are fast embracing P2P. “We We remain a leader in digital banking and continue to see strong digital growth,” said Paul Donofrio, Bank of America’s chief financial officer, during the company’s earnings call this morning.

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PYMNTS

JUNE 10, 2020

In one of the signs of where we are and where we are headed in the warp-speed transformation of digital banking, consider the internet meme that poses a multiple-choice question and series of answers. Who led the digital transformation of your company? A) CEO B) CFO C) COVID-19.”.

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PYMNTS

OCTOBER 15, 2020

Thus far into earnings season, a slew of big banks, spanning J.P. Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year.

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The Paypers

FEBRUARY 6, 2024

Puerto Rico-based Segura Bank International (SBI) has launched a new digital bank for mid to high-earners in Latin America, powered by Temenos ’ cloud-native core banking platform.

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PYMNTS

APRIL 5, 2019

Bank of America said it’s going to modernize more than 50 percent of its branches to match the changing way people bank, according to a report by Reuters. We have been very encouraged by the initial results of our center redesigns and expansions,” said Aron Levine, head of Consumer Banking and Investments for Bank of America.

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PYMNTS

APRIL 30, 2019

Cross River Bank, a company that provides banking services for FinTechs, has partnered with payments processor and tech provider RS2 Software to provide an improved payment and digital banking experience for its customers, the companies announced.

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PYMNTS

DECEMBER 30, 2019

In today’s top payments news, PayPal further integrates with Argentinian eCommerce company MercadoLibre, and Singtel and Grab partner to launch a digital bank in Singapore. PayPal expanded its partnership with Argentinian eCommerce company MercadoLibre, positioning itself to capture a larger share of the Latin America market.

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PYMNTS

MAY 30, 2018

What will it take to make Latin America more digital — in payments, commerce, FinTech or even healthcare? Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates. Healthcare seems likely to play a role.

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PYMNTS

OCTOBER 15, 2018

It’s the start of the new earnings season, and Bank of America , among the first companies out of the gate, set a positive tone Monday (October 15) when it released its third-quarter financials — a report that showed mobile banking growth, along with other gains. The number of mobile banking users increased 10 percent, to 25.9

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PYMNTS

DECEMBER 3, 2019

Anil has over 25 years of experience in payments, credit cards and banking, working globally across Europe, the Middle East and Africa as well as Asia Pacific and the Americas. start-up to a fully-fledged bank with over 3 million customers,” Anil said. He will report to Monzo CEO and co-founder Tom Blomfield. .

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PYMNTS

OCTOBER 21, 2020

FinTech developments are the biggest drivers of open banking in both Brazil and Latin America. . I nnovations in payments-as-a-service (PaaS), however, have been quickly advancing in the country.

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Banking Exchange

MARCH 18, 2020

Bill Harris to chair One alongside CEO Brian Hamilton; launch slated for summer 2020 after successful funding round The Economy Technology Retail Banking Feature3 Fintech Feature Financial Trends Mobile Online Tech Management Customers.

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BankInovation

JANUARY 13, 2023

Bank of America continued to invest in technology and people during its fourth quarter amid global economic uncertainty. WHY IT MATTERS: The $3 trillion bank’s Q4 non-interest expenses rose 8% year over year to $5.1

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Chris Skinner

FEBRUARY 22, 2017

The industries targeted to use those technologies were those that had high frequency of contact with the customer – banks, retailers, telco’s – and the whole idea was to get an in-depth analysis of the customer data to cross-sell and leverage knowledge of their needs and habits.

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Payments Source

MARCH 25, 2021

Other investors include Bank of America, Citigroup, Mastercard and Visa. ]]. Truist Financial's venture capital division led the Series A funding round for Greenwood, a platform aimed at Black and Latino customers.

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PYMNTS

JULY 1, 2019

While it gears up to apply for a digital banking license in Singapore, cross-border payments firm InstaReM is reportedly seeking lending business partners. Proceeds from the funding round are slated for expansion into Latin America. The company plans to open an office there).

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BankInovation

OCTOBER 17, 2022

Bank of America increased its technology investments during the third quarter amid increased virtual assistant and digital platform usership.

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The Financial Brand

MAY 19, 2020

Better understanding of past digital reluctance and 10 tips will keep it going. The post How to Keep Seniors Coming to Digital Banking After America Reopens appeared first on The Financial Brand. Coronavirus unleashed adoption of online and mobile services.

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PYMNTS

APRIL 19, 2017

The growth has also caught the interest of companies like Bank of America, Facebook and Samsung, which are investing in building products that use intelligent virtual assistants, interactive text and interactive voice services. TO DOWNLOAD THE APRIL EDITION OF THE PYMNTS DIGITAL BANKING TRACKER™, CLICK THE BUTTON BELOW. . .

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PYMNTS

JULY 2, 2018

This consumerization of the enterprise has emerged as a heavyweight behind corporates’ digital transformations – but businesses aren’t consumers, and emerging technologies must address unique needs while still providing a positive user experience. Take mobile banking , for instance.

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PYMNTS

APRIL 14, 2016

Bank of America just took a major step toward extending its mobile banking services to a growing base of millennials that are steering away from traditional banking.

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FICO

APRIL 7, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are publishing a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Bank of America [Example]. "We Brian Moynihan, CEO of Bank of America.

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BankInovation

APRIL 7, 2021

The seamless digital banking experience customers are looking for is one that’s also personal, Jacqueline White, president of the Americas at the financial services software provider Temenos, tells Bank Automation News in this podcast. Achieving these seemingly […].

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PYMNTS

JUNE 28, 2018

Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Mexico suffers the most cyberattacks in Latin America, followed by Brazil, according to the latest analysis from the Wilson Center. Fraud is a Top Worry.

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