EXCLUSIVE – #Bank of #America had five million transactions via the digital payments service #Zelle in October alone, an amount 35% higher than the average 3.7 million transactions per month the bank reported in September 2017. Yesterday evening, the bank announced that it processed a total of $ 1.5 billion dollars through Zelle in the month of […]
Bank Innovation
EXCLUSIVE – After its recent partnership with digital product Innovation Company Stuzo, #Bank of #America’s #merchant services business is laying the #foundation for an innovation lab. “It [the partnership] helps us have a conversation with our merchants about their overarching goals,” Michael Roberts, chief marketing and digital strategy officer of Bank of America Merchant Services […]
Bank Innovation
EXCLUSIVE–How should financial services build the future of #digital #lending? Focusing on the #simple #things is a good start, said John C. Schleck, senior vice president, centralized and online sales for #Bank of #America. Financial services should focus on “making the easy stuff really easy,” Schleck said yesterday during a panel discussion at the American […]
Bank Innovation
Overall, #mobile banking usage is still growing, but more quickly at some financial institutions. #Bank of #America Corp., which reported earnings today, saw about 3% #growth in its mobile users during the second quarter. The bank grew to 22.9 million mobile active users from 22.2 million MAUs in the first quarter. Both BofA and JPMorgan […]
Bank Innovation
As previously reported on #Bank Innovation, #mobile banking is the top area of innovation #banks in which are spending money—and it appears to be working, with Chase and Wells Fargo both reporting accelerated #growth in mobile users last week, and with Bank of #America also reporting #strong growth today on theRead More
Bank Innovation
#Bank of #America and #Microsoft have announced their intent to build and test #blockchain applications for #trade #finance.
A series of videos from #Bank of #America, released this week, features a talking llama that #wants you to “llove” your BofA app. The videos feature a deadpan llama describing his mobile app in various absurd situations, such as an alien visitation. Aliens cavort in the background while llama priases the BofARead More
Bank Innovation
#Ethereum-focused startup ConsenSys is making inroads bringing the #blockchain to #South #America.
CoinDesk
#Bank of #America and #HSBC have teamed up with the Singapore government’s IT and telecom agency on a #blockchain #supply #chain trial.
CoinDesk
#Bank of #America last Tuesday introduced version 7.0.0 of its iPhone mobile app, and it was noteworthy largely because of one new feature: it gives consumers access to their #credit #scores. Bank of America is believed to be one of the few financial institutions to offer consumers unfettered access to their creditRead More
Bank Innovation
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