Bank of America

Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities.

(source: about.bankofamerica.com)

Bank of America Uses Virtual Reality for Training Over 200,000 Staffers
Bank of America Uses Virtual Reality for Training Over 200,000 Staffers
July 13, 2023  |  Metaverse

Bank of America is using digital tools to prepare employees for real-world situations. The bank is using the latest in artificial intelligence (AI), virtual reality (VR)...

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CFPB Fines Bank of America $250 Million Over Junk Fees
CFPB Fines Bank of America $250 Million Over Junk Fees
July 11, 2023  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay more than $250 million in penalties and restitution to customers. The move comes in response to...

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MercadoLibre Downgraded as New Tax Rule Promotes eCommerce Competition
MercadoLibre Downgraded as New Tax Rule Promotes eCommerce Competition
July 10, 2023  |  eCommerce

eCommerce giant MercadoLibre could feel a pinch from Brazil’s new tax rules. As Seeking Alpha reported Monday (July 10), Bank of America has lowered its rating on the company...

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ChatGPT’s Success Hits a Speed Bump With Decreasing Traffic
ChatGPT’s Success Hits a Speed Bump With Decreasing Traffic
July 05, 2023  |  artificial intelligence

It was only a few months ago in November that OpenAI released their ground-breaking ChatGPT chatbot, and since then the chatbot has enjoyed unprecedented success...

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BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
June 19, 2023  |  Cryptocurrency

Recent regulatory action against the cryptocurrency sector continues to pressure token prices. That’s according to recent research by Bank of America, which — as CoinDesk...

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How Large Merchants Make Omnichannel Shopping Seamless
How Large Merchants Make Omnichannel Shopping Seamless
June 16, 2023  |  Omnicommerce

Consumer expectations have shifted dramatically post-pandemic. People now want the same level of service across all channels, whether shopping online, in a store or via...

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Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
May 31, 2023  |  Banking

Overdraft fees have been a hot button issue in financial services.  But they’re less of a revenue source for banks — significantly less — than...

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Fragmented Business Payments Data a Friction Point in Cash Flow Forecasting
Fragmented Business Payments Data a Friction Point in Cash Flow Forecasting
May 23, 2023  |  B2B Payments

In today’s challenging macroclimate, every competitive insight counts more than it ever did. That’s why activating an increasingly rich tapestry of internal accounts receivable (AR)...

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BofA Offers ‘Breakthrough’ to Underrepresented Startups
BofA Offers ‘Breakthrough’ to Underrepresented Startups
May 16, 2023  |  Startups

Bank of America (BofA) has launched an accelerator program to support entrepreneurs from underrepresented communities. The banking giant’s Breakthrough Lab, announced Tuesday (May 16), is...

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