Bank of AmericaRSS

Bank of America simplifies money management with third-party apps

bank-of-america-logo

Bank of America is testing a service enabling its customers who use third-party data aggregators to view their financial information in one place, reports Paybefore (Banking Technology‘s sister publication). The bank is testing the capability with two financial data aggregators to enable customers to securely connect data from their bank accounts to third-party money management […]

Google’s Android Pay gets a hand from banks and PayPal

Android Pay

Google is banking on mobile apps to boost its mobile wallet. The Android Pay parent has linked that service to a handful of banking apps, giving consumers the ability add their cards more quickly to the mobile wallet.

Bank of America zooms in on Zelle for mobile banking

bank-of-america-logo

Bank of America has chosen the person-to-person (P2P) Zelle service within its mobile banking app as part of its digital drive. Zelle will let clients send, receive and request money, allowing them to use the existing contacts on their mobile device to transfer money to (or request money from) “almost anyone within minutes, regardless of […]

Credit card firm MBNA sold to Lloyds for £1.9bn

Lloyds in first acquisition since financial crisis

Credit card firm MBNA is to be taken over by Lloyds. The firm’s current owner, Bank of America, has agreed to sell it for £1.9 billion. The deal is expected to close in H1 2017.

Bank of America to launch AI chatbot

bank-of-america-logo

Bank of America has unveiled its new artificial intelligence (AI) chatbot to help customers make decisions on their finances. Called Erica, a nod to the name America, it will be available inside the bank’s mobile app in 2017. Customers can do the usual AI stuff – chat via text or voice – and it’s all […]

Top ten retail banking sites in the US – July 2016

Banking Tech 2

Who is leading the digital way among the US retail banks? We have put together some nifty stats for the top ten online banking sites in the US for the past month (data courtesy of SimilarWeb). We’ll be publishing regular updates on a monthly basis, to track the changes, developments and trends – to bring you a fuller […]

Top ten retail banking sites in the US – June 2016

Banking Tech 2

Who is leading the digital way among the US retail banks? We have put together some nifty stats for the top ten online banking sites in the US for the past month (data courtesy of SimilarWeb). We’ll be publishing regular updates on a monthly basis, to track the changes, developments and trends – to bring you a fuller […]

Top fintech stories this week – 17 June 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! UniCredit and Open Bank Project launch fintech start-up competition Top prize is €50,000 and a contract to work with UniCredit. BBA to merge with three trade associations to create major industry body British Bankers Association (BBA), Council of […]

Humans will have to go as Bank of America gears up to go digital

bank-of-america-logo

Bank of America is shrinking its consumer banking division by 8,000 people as it prepares to go digital. The bank has already considerably reduced the staffing numbers: from 100,000 in 2009 to 68,400 in Q1 2016. Thong Nguyen, Bank of America’s president of retail banking and co-head of consumer banking, expects the numbers to go […]

Big US banks to fight for instant payments market

USA

Some of the major US banks are planning to tap into the instant payments market via their digital network, according to Reuters. Banks including JP Morgan Chase, Bank of America, Wells Fargo and US Bancorp will use their jointly-owned network, clearXchange, to let their customers transfer money. “What we are doing now is delivering payments […]

@banking
techno