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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What All Banks Can Learn From Bank of England’s June 2023 ISO 20022 Migration
What All Banks Can Learn From Bank of England’s June 2023 ISO 20022 Migration
July 17, 2023  |  Faster Payments

When it comes to embracing new ways of doing things in payments — adopting standards, fostering new use cases — boring is good. Boring implies...

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Bank of America Uses Virtual Reality for Training Over 200,000 Staffers
Bank of America Uses Virtual Reality for Training Over 200,000 Staffers
July 13, 2023  |  Metaverse

Bank of America is using digital tools to prepare employees for real-world situations. The bank is using the latest in artificial intelligence (AI), virtual reality (VR)...

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CFPB Fines Bank of America $250 Million Over Junk Fees
CFPB Fines Bank of America $250 Million Over Junk Fees
July 11, 2023  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay more than $250 million in penalties and restitution to customers. The move comes in response to...

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MercadoLibre Downgraded as New Tax Rule Promotes eCommerce Competition
MercadoLibre Downgraded as New Tax Rule Promotes eCommerce Competition
July 10, 2023  |  eCommerce

eCommerce giant MercadoLibre could feel a pinch from Brazil’s new tax rules. As Seeking Alpha reported Monday (July 10), Bank of America has lowered its rating on the company...

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ChatGPT’s Success Hits a Speed Bump With Decreasing Traffic
ChatGPT’s Success Hits a Speed Bump With Decreasing Traffic
July 05, 2023  |  artificial intelligence

It was only a few months ago in November that OpenAI released their ground-breaking ChatGPT chatbot, and since then the chatbot has enjoyed unprecedented success...

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BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
June 19, 2023  |  Cryptocurrency

Recent regulatory action against the cryptocurrency sector continues to pressure token prices. That’s according to recent research by Bank of America, which — as CoinDesk...

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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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