Bank of America

Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities.

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How Large Merchants Make Omnichannel Shopping Seamless
How Large Merchants Make Omnichannel Shopping Seamless
June 16, 2023  |  Omnicommerce

Consumer expectations have shifted dramatically post-pandemic. People now want the same level of service across all channels, whether shopping online, in a store or via...

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Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
May 31, 2023  |  Banking

Overdraft fees have been a hot button issue in financial services.  But they’re less of a revenue source for banks — significantly less — than...

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Fragmented Business Payments Data a Friction Point in Cash Flow Forecasting
Fragmented Business Payments Data a Friction Point in Cash Flow Forecasting
May 23, 2023  |  B2B Payments

In today’s challenging macroclimate, every competitive insight counts more than it ever did. That’s why activating an increasingly rich tapestry of internal accounts receivable (AR)...

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BofA Offers ‘Breakthrough’ to Underrepresented Startups
BofA Offers ‘Breakthrough’ to Underrepresented Startups
May 16, 2023  |  Startups

Bank of America (BofA) has launched an accelerator program to support entrepreneurs from underrepresented communities. The banking giant’s Breakthrough Lab, announced Tuesday (May 16), is...

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Companies Tap Their Own Data to Drive Efficiencies With AI
Companies Tap Their Own Data to Drive Efficiencies With AI
April 26, 2023  |  Artificial Intelligence

Today’s data-driven, digital landscape is transforming and optimizing business processes in ways previously unimaginable. Top executives at Alphabet, Microsoft and Bank of America (BoA) and...

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Bank of America CEO Says Deposit Insurance ‘Worked Pretty Well’
Bank of America CEO Says Deposit Insurance ‘Worked Pretty Well’
April 20, 2023  |  Banking

The deposit insurance system “worked pretty well,” said Bank of America CEO Brian Moynihan. Speaking Thursday (April 20) at a Bloomberg event, Moynihan said deposit...

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AI Gives Treasurers Real-Time Insight Into Liquidity
AI Gives Treasurers Real-Time Insight Into Liquidity
April 19, 2023  |  artificial intelligence

Today’s softening economic landscape is bringing about a corresponding shift in business priorities. In the face of challenging macro headwinds, it is becoming more critical...

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Big Banks’ Consumer Loan Write-Offs Jump 73% in Q1
Big Banks’ Consumer Loan Write-Offs Jump 73% in Q1
April 18, 2023  |  Banking

America’s biggest banks are downplaying a massive spike in write-offs of bad consumer loans. As Bloomberg News reported Tuesday (April 18), the four largest banks...

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Bank of America’s Erica Use More Than Triples Since 2020
Bank of America’s Erica Use More Than Triples Since 2020
April 18, 2023  |  Earnings

Despite last month’s turmoil in the banking sector, Wall Street can finally exhale. This, as Bank of America (BofA) CEO Brian Moynihan told investors on...

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