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Mobile users drive deposit growth at Bank of America

Bank Innovation

For Bank of America, mobile and digital channels are sustaining its retail business. In a third-quarter earnings call Wednesday, CEO Brian Moynihan stressed the importance of digital banking offerings that are complemented by human support.

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Temenos Sees ‘Backbone’ for Digital Banking in AI

Bank Innovation

In preparation for the future of digital banking, Temenos, the Switzerland-based banking software provider, appears to be putting its money on artificial intelligence. Emily Steele, president for North America at Temenos, told Bank Innovation […].

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How Bank of America Will Improve Erica, Its Virtual Assistant

Bank Innovation

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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Bank of America sees 79% YoY growth, credits digital channels

BankInovation

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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Digital banking is ready to take off in Latin America

Celent Banking

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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Former PayPal CEO Launches Digital Bank Targeting Middle-Class America

Banking Exchange

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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Bank of America Customers Have Sent $8 Billion in P2P Payments

Bank Innovation

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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