More than 6 million Bank of America customers are now using the Erica virtual assistant and it has processed more...
The future of lending: intuition is out, intelligence is in Noted Hedge Fund Says Crypto Hasn’t Bottomed Yet Bank of...
American Banker takes a close look at how APIs are being used at some of the world’s leading banks and...
Speaking at a conference on Wednesday, Wells Fargo CEO Tim Sloan stated, “Personally I think blockchain has been way oversold…By...
Bank of America becomes the first of the big four banks to allow applications for the Paycheck Protection Program (PPP);...
Amazon Lending first launched in 2011 and now is partnering with Bank of America Merrill Lynch according to sources; Amazon invites sellers to the program which provides loans between $1000 and $750,000; in June, 2017 Amazon announced it had lent $1 billion over the previous 12 months; recent reports show that Amazon has slowed growth of the product in 2017 to better understand credit risks. Source
U.S. Bank launches app to take pain out of filing expenses Bankers Expect AI To Make Your Financial Life More...
Bank of America has filed over 20 blockchain and cryptocurrency-related patent applications since 2014; recent applications include the use of blockchain as a distributed database supporting the flow of certain actions; other patents involve the control of data, information verification, peer-to-peer payments and the protection of a generic cryptocurrency. Source
Bank of America is the second big bank, following JPMorgan Chase, to announce a big expansion of branches; the bank plans to open more than 500 branches over the next 4 years and hire over 5,400 people; they also said they will redesign more than 1,500 branches with new technologies and layouts; the focus of the plan is to establish more branches in mid sized markets that are typically dominated by regional banks. Source.
At their NYC Technology Summit Bank of American executives talked about how the firm is implementing artificial intelligence; some of...