Bank of America

426 results about this entity

Period: 13 Jul 2004 - 08 Apr 2025

/ai

BofA staffers embrace AI virtual assistant

Bank of America says that over 90% of its 213,000 employees now use its AI-driven internal virtual assistant, cutting calls into the IT services desk by half.

/crypto

Bakkt sees shares plunge as crypto firm loses major customers

Shares in digital asset player Bakkt tumbled by more than a third on news that the firm has lost two major customers, Bank pf America and Webull.

/crypto

BofA CEO says bank prepared to launch own stablecoin

Bank of America will look to launch its own dollar-backed stablecoin if US lawmakers make it legal to do so, says CEO Brian Moynihan.

/payments

BNY sends largest instant payment in US history

BNY has used The Clearing House's RTP Network to send the largest instant payment in US history, transferring $10 million to Bank of America on behalf of a client.

/regulation

OCC hits Bank of America with cease and desist order over sanctions screening violations

The Office of the Comptroller of the Currency (OCC) today issued a cease-and-desist order (order) against Bank of America, N.A. (bank) for deficiencies related to its Bank Secrecy Act (BSA) and sanctions compliance programs.

/sustainable

US banks leave Net-Zero Banking Alliance

As Donald Trump returns to the White House, JPMorgan Chase has followed a host of other US banks in quitting the Net-Zero Banking Alliance.

/payments

CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to "fester" on P2P payments platform Zelle.

/payments

BofA's CashPro app on track for $1 trillion in annual payment approvals

By the end of 2024, Bank of America corporate clients will have made over $1 Trillion in payment approvals on the bank’s CashPro App, the mobile application that companies use to manage their treasury operations.

/payments

BofA rolls out Paze online checkout option to cardholders

In time for the holiday season, all eligible Bank of America credit and debit cards are now enabled with PazeSM, a fast and streamlined online checkout solution.

/wholesale

BofA sees 51% increase in companies using APIs for real-time treasury needs

The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs).

/ai

AI patents at BofA increase 94% since 2022

Bank of America's artificial intelligence push has led to a 94% increase in AI and machine learning granted and pending patent applications since 2022.

/wholesale

BofA sees 51% increase in firms using APIs for real-time treasury needs

The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs).