Bank of AmericaRSS

Blockchain: a world of possibilities

Blockchain course

Amid the hype around distributed ledger technology and blockchain it can seem they are technologies looking for solutions. In the heavily paper-based business of trade finance, such technology looks promising and progress is being made elsewhere.

Samsung to power biometric authentication pilot for Bank of America

samsung 1

Samsung will launch a pilot programme that enables Bank of America (BofA) customers to log into their mobile banking app by taking a picture of their eye, reports Finovate (Banking Technology‘s sister company). According to a report from American Banker’s Penny Crosman, half of BofA’s customers are using fingerprint authentication to log into their app, […]

Where top US banks are investing in fintech – CB Insights

Click on the image to enlarge. Source: CB Insights

Since 2012, the top ten US banks (by assets under management) have participated in 72 rounds totaling $3.6 billion to 56 fintech companies, according to CB Insights. While investment activity dropped on a quarterly basis in Q1 2017, four of the last five quarters have seen over $1 billion invested into fintech start-ups in the US backed by venture capital firms.

Blockchain and Bitcoin round-up: 1 August 2017

Blockchain

The world of blockchain and Bitcoin rumbles on with patents, platforms and positives. Our latest round-up features Bank of America, Blackmoon Financial Group, and research from Cognizant. Bank of America (BofA) has filed three new patents using blockchain. On the US Patent & Trademark Office’s website it now reveals the details. Some of the patents […]

Fintech earnings round-up: 24 July 2017

grafico economia, istogrammi, statistiche

It’s been a busy time for second- and fiscal third-quarter earnings reports. Features Bank of America, Amex, Blackhawk Network and Visa. Banking Technology’s sister publication Paybefore reports. Bank of America (BofA) has beaten analyst expectations with earnings per share of 46 cents on revenue of $22.829 billion for the second quarter ended 30 June 2017. […]

Bank of America signs for Oracle ERP

bank-of-america-logo

Bank of America is rolling out Oracle’s cloud-based ERP system and financial applications for its international general ledger and broker-dealer systems.

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.

@banking
techno