Post Tagged with: "Bank of America"

Facebook Global Director to Talk Payment Partnerships at Bank Innovation

Facebook Global Director to Talk Payment Partnerships at Bank Innovation

by February 16, 2017 at 3:03 pm 0 comments

Kahina Van Dyke, global director of commerce & payment partnerships at Facebook, will be a featured speaker at Bank Innovation 2017, which takes place in San Jose on March 6-7. Van Dyke will participate in a fireside chat at the invitation-only event. Facebook has a market capitalization of $384.5 billion.Read More

BMO’s Innovation Pipeline Includes Smart Branches, Roboadvisory, and Blockchain

BMO’s Innovation Pipeline Includes Smart Branches, Roboadvisory, and Blockchain

by February 8, 2017 at 3:03 pm 1 comment

BMO Bank has been “heavily” investing in its technology architecture for the past five years. The bank reached a “major milestone” at the end of 2016, according to David Gordon, the bank’s U.S. chief technology and operations officer. “That’s in terms of all the tech capabilities we have built, which willRead More

Bank Branches of the Future Are Already Here, BofA Says

Bank Branches of the Future Are Already Here, BofA Says

by February 8, 2017 at 11:56 am 1 comment

The future of the bank branch has arrived, and it all starts in Minneapolis (and Denver). Dean Athanasia, co-head of the consumer banking unit for Bank of America, said during an investor conference on Tuesday: We’ve got completely virtual branches with people and completely automated branches, we’re testing, we’ve gotRead More

BMO Harris Adds P2P Payments to Its App

BMO Harris Adds P2P Payments to Its App

by January 26, 2017 at 10:05 am 1 comment

BMO Harris seems to be on (digital) track. The bank announced the launch yesterday of People Pay – an instant peer-to-peer money transfer service for its mobile app users. The service is free, as it is with every payments offering from banks on the clearXchange network, and doesn’t require recipients toRead More

Bank of America’s Digital Banking Executive to Speak at Bank Innovation ’17

Bank of America’s Digital Banking Executive to Speak at Bank Innovation ’17

by January 24, 2017 at 4:56 pm 1 comment

Edward “EJ” Achtner, Digital Banking Executive for Bank of America – Strategy, Platforms, Innovation, and Partnerships, has joined the Bank Innovation 2017 speaker faculty. Achtner leads Bank of America’s Digital Banking Practice, responsible for the development and deployment of digital solutions for the Charlotte, N.C.-based bank. Achtner also manages the bank’s platformsRead More

Wells Shows Largest Mobile User Growth Among 3 Largest Banks

Wells Shows Largest Mobile User Growth Among 3 Largest Banks

by January 13, 2017 at 11:28 am 1 comment

Three of the nation’s largest banks released their digital user stats this morning, and yes, the banking world is still racing to mobile. Wells Fargo, in particular, demonstrated strong growth both on yearly and quarterly basis, delivering on the CEO’s promise of “continued focus” on tech and digital, despite theRead More

Digital Usage Blows Up at BofA, Wells

Digital Usage Blows Up at BofA, Wells

by January 13, 2017 at 10:55 am 1 comment

You might as well call them e-Bank of America and Wells Fargo Digital Bank. Both BofA and Wells, the No. 2 and No. 3 ranked banks in the U.S., respectively, today for the first time released usage numbers for their digital banking operations, and they are eyepopping. BofA got 112Read More

IBM Is Working on 300-500 Blockchain Projects [VIDEO]

IBM Is Working on 300-500 Blockchain Projects [VIDEO]

by January 10, 2017 at 2:32 pm 1 comment

IBM is way past looking for blockchain use cases — it has between 300 and 500 blockchain projects going at the moment, according to CEO Ginni Rometty. In an interview with Bank of America CEO Brian Moynihan (Moynihan interviewed Rometty) Rometty revealed some of the areas where she sees blockchainRead More

Schwab’s Robo Success Depends Largely on Humans

Schwab’s Robo Success Depends Largely on Humans

by December 21, 2016 at 12:19 pm 1 comment

In the transition from in-person advice from financial planners, to a fully robo experience available at your fingertips, there is (at least) one step in between: the cyborg model. In the world of financial advice, a hybrid advisory system, which combines fully automated algorithm-driven advice and certified (human) professionals, seemsRead More

BofA Launches Budgeting Tool, Updates App

BofA Launches Budgeting Tool, Updates App

by December 13, 2016 at 9:35 am 1 comment

Saving is trendy. Consequently, it’s becoming increasingly hard to keep track of all the budgeting and money management startups out there. And FIs are catching on to the trend as well. Bank of America unveiled a money management and financial education tool for mobile and online banking users this morning.Read More