PYMNTS

OCTOBER 14, 2020

The four intended to start a new marketplace software product for the Latin America region. Hruby told Karen Webster recently that the development of a new ecosystem of digital technology is moving quicker these days, and that everyone is responding to the effects of the pandemic and moving things online at a rapid pace.

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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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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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Bank Innovation

AUGUST 23, 2017

Artificial intelligence is making its way into the messy world of account receivables for those corporates processing large volumes of payments, thanks to Bank of America Merrill Lynch and fintech startup, High Radius.

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BankInovation

DECEMBER 6, 2023

Bank of America expects to spend $3.8 billion on technology development in 2024 as its overall spending increases due to investment in people, incentive compensation and technology. 5 during […]

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BankInovation

DECEMBER 12, 2023

Bottomline Technologies’ Chief Revenue Officer for North America Kevin Pettet told Bank Automation News on this episode of “The Buzz” podcast that three technologies will help banks grow their client bases and improve […]

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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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PYMNTS

OCTOBER 1, 2020

Global payment solutions provider Castles Technology has acquired Spire Payments , a provider of electronic funds transfer at point of sale (EFTPOS) systems, the company announced in a Thursday (Oct. Castles Technology customers will benefit from having a local presence and more access to the new technology. 1) press release.

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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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PYMNTS

SEPTEMBER 23, 2020

As demand increases for digitally-driven money management solutions, Mastercard has expanded its Digital-First Card Program in North America. Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS that consumer engagement has become a very different ballgame for financial institutions (FIs).

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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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PYMNTS

MARCH 7, 2019

SoftBank, the Japan-based technology company, is rolling out a $5 billion fund that will target Latin American technology companies. According to a report in Reuters , by launching another tech-focused fund, SoftBank is increasing its ambitions in the technology market beyond its massive Vision Technology Fund.

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BankInovation

MAY 19, 2023

Bank of America this week launched its Breakthrough Lab accelerator program for startups to network and gain access to technology support their companies need to scale. The six-month mentorship program follows two previous pilot programs the bank hosted in 2021 and 2022, according to a Bank of America release. “We

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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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PYMNTS

OCTOBER 1, 2018

A new survey from Bank of America shines a spotlight on the increasing concerns — and increasing costs — of data breaches. Bank of America said data breaches can be “devastating” to small businesses. Fifty-one percent of small businesses surveyed also said they maintain an eCommerce site, up from 44 percent in last year’s survey.

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BankInovation

APRIL 18, 2022

Bank of America did not shy away from technology during its first-quarter earnings presentation today. trillion bank, reflecting successful technology investments and a bankwide drive toward digitization. Digital metrics were strong for the $3.24 The Charlotte, N.C.-based

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BankInovation

SEPTEMBER 19, 2023

TORONTO — Bank of America announced the addition of AI capabilities to its CashPro Chat function at Sibos 2023 Monday, bringing an enhanced user experience to its corporate and commercial clients.

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Bank Innovation

MARCH 30, 2018

Banks need to update their legacy systems and modernize their technology, no surprise there. That would be 79% of operations leaders in North America banks, according to a recent report by Accenture. But just how many operational leaders at banks think their institution’s survival depends on it? That’s four out of five banks.

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PYMNTS

DECEMBER 9, 2020

Cloud payments and financial messaging provider Volante Technologies Inc. As a trusted partner, our close collaboration to build the future with Santiago Exchange demonstrates our commitment to accelerating digital transformation in the region overall,” said Luis Melgarejo, VP, Latin America Operations, Volante Technologies.

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PYMNTS

JULY 3, 2020

We have deep dives on open banking adoption, subscription features, and news that Wirecard North America Inc. Wirecard North America Business Entity Up For Sale. Wirecard North America Inc., Bank , about how legacy technology and a lack of regulatory oversight have impacted open banking’s U.S. is up for sale.

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BankInovation

JANUARY 12, 2022

Bank Of America Corp. CashPro Forecasting’s artificial intelligence and machine-learning technology can gather data and predict future cash positions across a company’s bank accounts. created a forecasting tool that allows businesses to better manage their use of cash.

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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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BankInovation

JUNE 2, 2021

Bank of America, JP Morgan and Wells Fargo & Co. were among the banks that shuffled and promoted tech leaders last month: Kerrison promoted to Bank of America tech leadership team Bank of America Chief Technology Officer Tony Kerrison has been promoted to the leadership team under Cathy Bessant, the $2.2

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Payments Source

JANUARY 7, 2021

Preparing to expand its B2B e-commerce offerings in North America, Fortis Payment Systems LLC has acquired technology integrator Swype at Work and entered a long-term partnership with Swype affiliate Net at Work.

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PYMNTS

MAY 27, 2020

percent in North America and 7 percent internationally. The pizza chain noted that approximately 320 of its roughly 2,100 international franchised stores are closed for the time being, mainly in the Middle East, Europe and Latin America. Brands has adapted to the coronavirus with digital technology and contactless delivery.

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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. billion, “primarily driven by investments in technology and employees, including hiring, higher costs from return to work, and client engagement,” […].

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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. By becoming a funding agent, CACU is now a partner that can make that process easier.”.

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PYMNTS

AUGUST 19, 2019

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. As it stands, Bank of America is said to have won 36 applications for blockchain patents with 31 pending.

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PYMNTS

OCTOBER 23, 2018

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. 22), BofA Merrill said the solution also integrates data analytics and machine learning technologies to accelerate the process.

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American Banker

SEPTEMBER 11, 2023

Bank of America and TD Bank are finding that new employees and interns respond well to onboarding and training that takes place in the magical worlds of virtual reality.

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BankInovation

APRIL 18, 2023

Bank of America saw noninterest expenses increase year over year as employee and technology costs increased during the first quarter of 2023. WHY IT MATTERS: The $3.1 trillion bank’s noninterest expenses rose 6% YoY to $16.2

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The Paypers

JANUARY 29, 2024

Germany-based GFT Technologies has announced its agreement to acquire Colombia-based Sophos Solutions , aiming to solidify its presence in Latin America.

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Bank Innovation

JUNE 21, 2016

Make no mistake, Bank of America is committed to mobile, and reveals more about its work on the platform than most banks. One example is the inclusion of BofA’s mobile check deposit figures in its quarterly earnings call. Few, if any of other banks, lay it out so starkly. That’s why Read More.

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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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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

OCTOBER 30, 2018

Bank of America Merchant Services, the payments, eCommerce and security solutions company, announced Tuesday (October 30) that it and talech, a cloud-based restaurant management software company, are teaming up to roll out a point of sale solution for the full-service restaurant and bar industries.

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BankInovation

FEBRUARY 21, 2023

Bank of America was granted a record 608 patents last year by the U.S. Key automation technologies such as AI and machine learning (ML) applications were at the fore, alongside information security and payment end uses, emanating from a diverse global workforce. Patent and Trademark Office, a 19% rise year over year.

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