American Banker

NOVEMBER 16, 2023

What do younger clients want from wealth managers? Katy Knox, president of Bank of America's Private Bank, sits down with American Banker Editor-in-Chief Chana Schoenberger to discuss the future of high-net-worth investing and what clients are looking for now.

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PYMNTS

JUNE 19, 2020

It was a big week for B2B FinTech startups in Latin America. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. Authenticiti.

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South State Correspondent

NOVEMBER 27, 2022

Banks can use the French Defense in deposit management. The French Deposit Management Defense. ” The answer is the French Deposit Defense and it is one of many tactics in a seasoned banker’s deposit management playbook. Now, Bank B uses its bishops, knights, and rooks for enhanced deposit management.

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South State Correspondent

SEPTEMBER 18, 2023

Truist, Citigroup, PNC, Royal Bank of Canada, Wells, Bank of America, and others have all announced aggressive cost reductions centered around headcount. Further, banks could achieve much greater credit diversification by managing the industries and geography they lend to than by managing loan size.

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PYMNTS

FEBRUARY 25, 2019

Bank of America will drop the Merrill Lynch name from its trading and investment banking outfits, according to reports. The banking giant, which bought the longstanding Wall Street firm during the financial crisis in 2008, now plans to rebrand most of its wealth-management business as just Merrill. 1 brand there is.”.

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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

AUGUST 22, 2019

In Latin America, news comes this week that Santander Group is boosting its use of Ripple’s technology to aid payments across what CoinDesk reported is a “payment corridor” in Latin America. That app, the site noted, uses xCurrent software. I can just send a payment from Argentina to Chile directly [using bitcoin].”

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PYMNTS

JULY 24, 2020

malls — Minnesota’s Mall of America and New Jersey’s American Dream mall — are struggling, with the company that owns both recently skipping a third straight payment on the Minnesota property. the Mall of America features not only 500 stores, but also some 28 amusement-park rides, an aquarium and more. “Pre-negotiation

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Bank Innovation

APRIL 30, 2018

This is according to Richard Arundel, general manager, North America for financial technology provider Currencycloud, who noted […].

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PYMNTS

NOVEMBER 15, 2020

Mobile-first fiscal management solution Fiskl has joined up with Samsung Appstack to help keep small- to medium-sized businesses (SMBs) competitive through collaborations and project management, according to a press release. The pandemic has engendered a number of new obstacles for companies.

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BankInovation

MAY 27, 2021

Bank of America has begun using its virtual assistant, Erica, to support employees in commercial banking and wealth investment, the head of Erica revealed to Bank Automation News on Wednesday. Erica was originally developed in June 2018 as an assistant powered by artificial intelligence (AI) for its Bank of America app, but the $2.2

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Bank Innovation

OCTOBER 5, 2018

One of the biggest impediments for banks in acing customer service and user experience is being unable to seamlessly manage cross-product, cross-channel interactions. Bank of America is hoping to bridge that gap, albeit in a small way, by allowing its clients to move seamlessly between Bank of America, Merrill Lynch, Merrill Edge, and U.S.

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PYMNTS

NOVEMBER 23, 2020

Global Commercial Cards tailors to the requirements of firms of all different sizes and speeds up the workflow of everyone who participates in the expense management procedure, according to the announcement. With Global Commercial Cards, BBVA has managed to bridge the gap between two worlds: commercial cards and expense management tools.

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PYMNTS

AUGUST 6, 2020

The IT firm Coke One North America Services (CONA), owned by the major Coca-Cola bottling companies, will try out the Baseline Protocol, a public Ethereum blockchain technology targeted at large enterprises. The trade publication Ledger Insights said that blockchain startups Unibright and Provide are involved in the project.

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PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Ahn added that over the summer months, Samsung Pay will introduce a tool to help people better manage their financial lives. NFC works with digital wallets and powers contactless payments.

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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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PYMNTS

OCTOBER 14, 2020

Bank of America (BofA) said on Wednesday (Oct. trillion in spending at Bank of America, customers have spent more than they did last year,” CEO Brian Moynihan told investors and analysts on a conference call following the company’s 3Q earnings release. All told, Bank of America reported Q3 net income of $4.9 That’s down from $5.8

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PYMNTS

MAY 18, 2020

Bank of America has lowered its rating of Square Inc. ADP), the New Jersey-based human resources management software and services provider, has shifted to “underperform” from neutral given the extreme stress on employment markets. Shares of the San Francisco-based mobile payment company fell by 2.29 Square Inc.’s Paychex Inc.,

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PYMNTS

OCTOBER 8, 2020

Manheim Logistics has formed an exclusive collaboration with DHL Supply Chain in order to develop what a press release calls a "more holistic" transportation management system. based logistics support teams in order to give more visibility for inventory flows and optimize vehicle moves, the release stated.

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PYMNTS

SEPTEMBER 23, 2020

As demand increases for digitally-driven money management solutions, Mastercard has expanded its Digital-First Card Program in North America.

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PYMNTS

SEPTEMBER 9, 2019

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release.

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PYMNTS

MAY 6, 2019

Bank of America Merchant Services announced Monday (May 6) a partnership with Recurly, which runs an enterprise subscription management platform. Subscriptions isn’t the only area Bank of America Merchant Services is going after. Customers also get analytics and insights into the business.

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PYMNTS

DECEMBER 3, 2019

The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for the RTP network, The Clearing House ’s (TCH) real-time payments network, according to a release.

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PYMNTS

OCTOBER 10, 2019

Bank of America (BoA) may have hired a treasury product manager to work with Ripple. This role leads the product management team for the Ripple Project, a decentralized ledger technology-based solution to cross-border payments marketed to [global transaction services (GTS)] clients,” the job listing read. “The

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PYMNTS

AUGUST 30, 2019

The moves are designed to further last-mile operations in Latin America. Lange added that Latin America remains a “key market.”. As reported by The Next Web, the last-mile arena in Latin America is marked by increased competition. Nivel 2, a customs brokerage company and Cargex affiliate. what do they focus on? ‘I

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BankInovation

JANUARY 12, 2022

Bank Of America Corp. created a forecasting tool that allows businesses to better manage their use of cash. The service is for corporate and commercial clients using the lender’s CashPro app, according to executives.

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PYMNTS

SEPTEMBER 23, 2019

Bank of America has announced that it has joined the Marco Polo Network , the leading trade and working capital finance network. We look forward to working with Bank of America to address critical market challenges and to expand the network’s reach and eco-system to a wider audience of corporate customers.”.

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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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FICO

FEBRUARY 16, 2023

Forbes partnered with research company Statista for the America's Best Employers list, and respondents were asked to anonymously rate, on a scale of zero to 10, how likely they’d be to recommend their employer to others and to cite any other employers they’d also recommend. You can read the complete Forbes piece here. Bancorp in Minneapolis.

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PYMNTS

OCTOBER 15, 2020

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. “As That may be stretching things. Debit purchase volume was $102.9

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Payments Source

DECEMBER 14, 2020

Cross-border online payment service provider PrimeiroPay is partnering with Visa payment management platform CyberSource to open high-growth Latin America markets to merchants seeking access to those regions.

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America Payments Regional Online 118

PYMNTS

NOVEMBER 2, 2020

Today in B2B, trade finance technology provider Surecomp announces its newest marketplace partner, and Serko expands its expense management offering into North America. Plus, Suplari launches new corporate spend management solutions, and PROS expands its Adobe partnership to help B2B business customers launch eCommerce operations.

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PYMNTS

MAY 21, 2020

As an indication of how much retail real estate owners are struggling amid the pandemic, The Mall of America has reportedly skipped two payments on its mortgage of $1.4 Trepp Senior Managing Director Manus Clancy told the outlet, “Next to hotel owners, retailers have been the hardest hit by the COVID-19 crisis.

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BankInovation

SEPTEMBER 13, 2021

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. As the pace of automation innovations accelerates, Charlotte, N.C.-based

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Bank Innovation

DECEMBER 8, 2017

EXCLUSIVE – Bank of America has rolled out a series of features and upgrades to its mobile banking app including a timely partnership for the holiday season with Blackhawk Network Holdings’ gift card marketplace Gift Card Mall.

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PYMNTS

MARCH 7, 2019

Hitachi Capital America , Hitachi’s U.S.-based In a statement, Hitachi Capital America EVP and General Manager of Commercial Finance and Corporate Development Mark Duncan said the takeover will help the company expand its footprint in the technology sector.

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Bank Innovation

MAY 1, 2019

Bank of America has a new source of small business data.

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