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Bank of America to Invest $500 Million in Technology to Drive Innovation and Sales

Bank Innovation

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.

America 247
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Five questions with Duane Freeman, BofA’s svp of consumer vehicle lending

Bank Innovation

At Bank of America’s auto division, preserving a personal touch is key to engaging with both consumers, according to Duane Freeman, the bank’s senior vice president of consumer vehicle lending and national sales executive. “In

Lending 186
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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. In Latin America, the infrastructure mainly relies on banks to provide kind of these types of services to the SME segment. “In trillion globally, according to Shoihet.

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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. Banks can even harness external regulatory, trading and social media engagement data, all of which can be processed and analyzed to benefit their operations.

Analytics 237
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A Guided Tour Of Payments In Latin America

PYMNTS

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Operating locally can give a payments service provider a distinct advantage. WHY GOING LOCAL MAKES A DIFFERENCE.

America 100
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Top Banking Challenges: Finding Growth in 2021 and Beyond

Abrigo

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. Meanwhile, businesses that flourished in the pandemic may look to expand operations. Pandemic-Induced Transformations.

Lending 221
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Why Wells Ignores Regulatory Advice On Corporate Lending

PYMNTS

Reports by Financial Times said on Tuesday (May 24) that Wells Fargo vowed to continue to lend to businesses that have significant outstanding debt against the guidance of U.S. ” Reports said Wells has pursued greater market share in its non-retail banking operations since its acquisition of Wachovia in 2008. .”

Lending 100