Bank Innovation

FEBRUARY 9, 2020

Bank of America obtained more patents last year than any other year in the history of the company. In 2019, company obtained 418 patents, a 31% increase over the prior year. According to the bank, patents protect the bank’s tech investments.

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Bank Innovation

MARCH 2, 2018

EXCLUSIVE – Bank of America is all set to launch its AI powered bot Erica this month, Michelle Moore, head of digital banking at BofA told Bank Innovation. Our focus with innovation has been on, how can we make the lives of our customers easier?” Moore said. With Erica, customers can use their voice or.Read More.

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Perficient

DECEMBER 15, 2021

Bank of America is ready to compete with Venmo by introducing a Zelle widget. And with continued innovation, growth will continue at a face pace. The Zelle widget can be added to the home screen of a mobile device, similar to a weather widget, so that bank customers can send money.

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Bank Innovation

JULY 16, 2018

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today.

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America Technology Innovation Report 247

BankInovation

SEPTEMBER 13, 2021

As the pace of automation innovations accelerates, Charlotte, N.C.-based based Bank of America is partnering with the Indian Institute of Management Ahmedabad (IIMA) — India’s premier global management school — to launch the Centre for Digital Transformation.

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Perficient

FEBRUARY 10, 2021

While the healthcare industry has long embraced technology, the demand to innovate and adapt quickly has grown exponentially in 2020 and into 2021. This has created an even greater demand for healthcare companies to incorporate more innovative technologies and build custom products to stay competitive within the market.

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PYMNTS

DECEMBER 15, 2020

Increasingly, those value-added services are not only focusing on speed of payment, but also enhancing the data that end-users can access about their transactions, with new solutions from Bank of America and Scotiabank some of the latest to bring real-time rails to corporates. Visa Talks Payment Rail Innovation.

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Bank Innovation

APRIL 15, 2020

Bank of America customers are shifting toward digital tools. Paul Donofrio, Bank of America’s chief financial officer, said in a statement that despite the […].

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Bank Innovation

NOVEMBER 9, 2017

EXCLUSIVE – After its recent partnership with digital product Innovation Company Stuzo, Bank of America’s merchant services business is laying the foundation for an innovation lab. “It

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PYMNTS

JANUARY 27, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement. This past week I sat down in an outside tent for a quick bite.

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Bank Innovation

NOVEMBER 3, 2017

Schleck, senior vice president, centralized and online sales for Bank of America. EXCLUSIVE–How should financial services build the future of digital lending? Focusing on the simple things is a good start, said John C.

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PYMNTS

DECEMBER 14, 2020

When Bank of America Rewards Executive John Sellers glanced at his in-house numbers over the last year, the evidence was plain to see. As of the third quarter he said, Bank of America was reporting 39 million digital users, 30 million of whom are mobile users, and 43 million mobile check deposits were seen during the quarter alone.

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Bank Innovation

MAY 30, 2018

It turns out nations beyond America today are increasingly generating more significant financial technology innovation, especially in artificial intelligence. Location matters. Even in fintech. Canada is an example.

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Bank Innovation

JANUARY 17, 2018

Bank of America has more blockchain-related patents than any other firm in the U.S., According to the report, Bank of America has 43 patents while Mastercard and IBM have 27 each, followed by 14 from Fidelity. according to a new report by New York-based law firm EnvisionIP. The report counted a total of 1,045 blockchain […].

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Bank Innovation

NOVEMBER 1, 2017

EXCLUSIVE – Personal banking platform, Finn.ai, will launch in Central America by the first quarter for next year, Bank Innovation has learned.

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Bank Innovation

OCTOBER 4, 2016

So much has happened with blockchain over the past couple of weeks—so very much—but let’s talk about the banks: Firstly, Bank of America is the latest to join the ranks of financial institutions experimenting with blockchain. Bank of America Merrill Lynch recently announced at Sibos that it was collaborating with Read More.

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BankInovation

OCTOBER 17, 2023

Bank of America identified short-term applications for AI in areas of customer support, employee effectiveness and coding enhancements during the third quarter of 2023 as it continues to invest in the technology through talent and innovation.

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Bank Innovation

MAY 26, 2016

Bank of America said “No” to innovation labs last year. “We want to be in an open wallet ecosystem,” Hari Gopalkrishnan, client-facing platforms technology CIO at Bank of America Merrill Read More. This year, while rivals JPMorgan Chase and Wells Fargo & Co.

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America Innovation Technology Marketing 225

PYMNTS

SEPTEMBER 18, 2019

In a civil investigation that recently came to light, the Consumer Financial Protection Bureau (CFPB) is looking into Bank of America as part of a probe that came out of the phony accounts scandal at Wells Fargo. Bank of America, however, has contended that a demand for emails, as well as other records, in March 2019 is unduly burdensome.

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Bank Innovation

JANUARY 24, 2018

EXCLUSIVE- Echoing the mandate of PSD2, Bank of America Merrill Lynch today unveiled an API gateway that seeks to connect its commercial clients to fintechs and other third-party vendors. Bank of America Merrill Lynch […].

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PYMNTS

SEPTEMBER 18, 2020

This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added.

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Bank Innovation

DECEMBER 4, 2018

Even with more nontraditional players making more loans to small businesses, loan origination at Bank of America is still up over 6% year over year. Sharon Miller, managing director and head of small business at BofA, told Bank Innovation more business owners are going online and expecting full capabilities when they get there.

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America Lending Innovation Online 150

Bank Innovation

OCTOBER 21, 2019

Santander Bank has rolled out Santander Cash Nexus, a payments tool solution for the bank’s commercial, corporate and investment banking clients in North America.

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America Payments Tools Marketing 231

PYMNTS

OCTOBER 12, 2020

No matter how innovative they are, companies still need to get paid. And not many companies this year have combined business model creativity with payments innovation more than Beautycounter. While all the innovations and the business awards are nice to have, Renfrew is most proud of her work as a beauty industry activist.

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Bank Innovation

AUGUST 28, 2017

Bank of America filed for nine more blockchain patents. In total, Bank of America now has filed for over 30 blockchain patents since last year. These filings were recently made public by the U.S. Patent and Trademark Office.

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Payments Dive

FEBRUARY 20, 2020

Payment security is central to the consumer experience with 54% of North America firms hoping to achieve higher customer satisfaction through improving the security of new payment technologies.

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Bank Innovation

DECEMBER 14, 2018

Bank of America has redesigned its mobile app for the iPad. The new tablet design now mirrors the look and functionality of the BofA iPhone mobile banking app.

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America Mobile Apple Online 186

PYMNTS

SEPTEMBER 23, 2020

As demand increases for digitally-driven money management solutions, Mastercard has expanded its Digital-First Card Program in North America. With the Digital First Card Program, we have designed a financial experience that mirrors the lifestyle of today’s generation, with simplicity and security as our guiding principle.”.

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PYMNTS

JUNE 18, 2020

The advance of digital payments in Latin America over the last two decades has been slow when measured against other parts of the globe. Critical to bringing digital payments into Latin America in general, and into WhatsApp in specific, is they must be secured via tokenization. ” Latin America’s Digital Path Forward.

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Bank Innovation

JANUARY 12, 2018

EXCLUSIVE — It’s another great quarter for Bank of America in terms of number of users of its P2P payment app Zelle. The bank just released numbers for the Zelle app in Q4’17 that shows it processed more than 23 million transactions amounting to almost $7 billion. That’s a 91% increase from the prior year […].

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America Payments Mobile 268

Bank Innovation

OCTOBER 17, 2016

As previously reported on Bank Innovation, mobile banking is the top area of innovation banks in which are spending money—and it appears to be working, with Chase and Wells Fargo both reporting accelerated growth in mobile users last week, and with Bank of America also reporting strong growth today on the Read More.

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Bank Innovation

SEPTEMBER 28, 2018

One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Innovation spoke with U.S Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on which direction the bank is headed, digitally. Bank Innovation: Last quarter we reported that U.S.

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PYMNTS

OCTOBER 14, 2020

The four intended to start a new marketplace software product for the Latin America region. Nuvemshop was formed by Santiago Sosa, Alejandro Vazquez, Martin Palombo and Alejandro Alfonso and went through numerous trials and errors on the way to forming.

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Bank Innovation

AUGUST 16, 2017

Mobile and electronics company, Samsung and Bank of America will start working with a focus group over the next six months, as they pilot the iris authentication scan that will allow customers to log into their bank accounts on their mobiles by taking a picture of their eye. The focus group consists of 1, 5000 […].

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Bank Innovation

OCTOBER 15, 2019

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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America Mobile Digital Banking Retail 186

Perficient

AUGUST 3, 2020

PSL was the first to achieve it in Latin America and was the 8th in the world. Many of our more innovative clients in the payer, provider, and medical device worlds are actively creating products that they want to use internally and market to others. The of course there’s the quality side of things. By Alignment.

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Bank Innovation

NOVEMBER 21, 2017

EXCLUSIVE – Bank of America had five million transactions via the digital payments service Zelle in October alone, an amount 35% higher than the average 3.7 million transactions per month the bank reported in September 2017. Yesterday evening, the bank announced that it processed a total of $1.5

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