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BofA and JP Morgan to petition White House and Congress following conservative appraisal

News | Online & Mobile Banking | 29 Jan 2025

Bank of America (BofA) and JP Morgan have announced their intention to lobby the White House and Congress following accusations of closing accounts of conservative customers for political reasons. 

regulation, financial services, financial institutions, KYC, money laundering

Bank of America introduces Virtual Payables Direct in the EMEA region

News | Online & Mobile Banking | 02 Oct 2024

Bank of America (BofA) has introduced Virtual Payables Direct in the EMEA region, expanding its existing Virtual Payables platform.

product launch, expansion, B2B payments, banks

BofA launches a new data-driven treasury management tool

News | Online & Mobile Banking | 10 Jan 2024

Bank of America has announced the launch of a new data-driven treasury management tool named CashPro Insights.

product launch, digital banking, wealth management, banks

American Banks to compete with Big Tech by launching a mobile wallet

News | Mobile Payments | 19 Sep 2023

A group of banks such as JP Morgan and Bank of America have revealed their plans to launch a mobile wallet named Paze in a bid to compete with Big Tech companies.

mobile payments, digital wallet, partnership, banks

Bank of America launches its CashPro Supply Chain Solutions

News | Online & Mobile Banking | 19 Sep 2023

Bank of America has announced the launch of its CashPro Supply Chain Solutions in order to provide the benefits of digitalisation to participants of a supply chain.

product launch, supply chain finance, banking, online banking, digital banking, mobile banking

BofA launches Global Digital Disbursements in Canada

News | Online & Mobile Banking | 30 Aug 2023

Bank of America has announced the launch of Global Digital Disbursements in Canada facilitated by the money movement solution of Interac, Interac e-Transfer.

product launch, banking, fintech, paytech, e-invoicing, financial services, payments , Request to Pay, digital payments

Bank of America launches its Breakthrough Lab

News | Online & Mobile Banking | 17 May 2023

Bank of America has announced the launch of its impact accelerator programme, Breakthrough Lab, for companies and enterprises from underrepresented regions. 

product launch, online banking, digital banking, mobile banking, Bank of America, banks, financial institutions, financial services