Post Tagged with: "Bank of America"

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 0 comments

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 0 comments

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 0 comments

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

OnDeck Adds $200 Million Revolving Debt Facility from Credit Suisse

OnDeck Adds $200 Million Revolving Debt Facility from Credit Suisse

by December 13, 2016 at 9:30 am 0 comments

Small business marketplace lender OnDeck is adding Credit Suisse to its financing toolbox with a $200 million revolving debt facility. Under terms of the deal, OnDeck has access to $125 million, and another $75 million “at the discretion of the lenders.” “OnDeck intends to initially use a portion of thisRead More

People Will Walk a Mile for Good Advice, BofA CEO Says

People Will Walk a Mile for Good Advice, BofA CEO Says

by December 6, 2016 at 11:53 am 1 comment

With all the gadgets, instant payments and mobile functionality, going to a branch sounds so 2012, right? Yes, unless you are going for something more than just depositing a check. “People will go a mile for a good advice,” Brian Moynihan, chairman and CEO of Bank of America said at theRead More

Top 20 Bank Video Ads of 2016 — Page 2

Top 20 Bank Video Ads of 2016 — Page 2

by November 1, 2016 at 10:25 am 0 comments

15. Soccer/football fan or not, by the end of HSBC’s digital banking video you’ll want to help this girl find her one missing football sticker yourself–of course, it helps if your bank service is that fast. 14. Bank of America wants you to #LOVEYOURAPP so much it found (or perhapsRead More

Meet Erica, Bank of America’s Chatbot for Digital Banking [VIDEO]

Meet Erica, Bank of America’s Chatbot for Digital Banking [VIDEO]

by October 26, 2016 at 9:55 am 1 comment

LAS VEGAS — Bank of America announced its new chatbot, erica, yesterday at Money20/20 here. Erica should roll out for BofA digital and mobile banking users “late next year,” according to a spokeswoman from the bank. At an event where chatbots were one of the main topics of interest for many ofRead More

Bank of America Reports Strong Mobile Growth, Especially Deposits

Bank of America Reports Strong Mobile Growth, Especially Deposits

by October 17, 2016 at 12:41 pm 1 comment

As previously reported on Bank Innovation, mobile banking is the top area of innovation banks in which are spending money—and it appears to be working, with Chase and Wells Fargo both reporting accelerated growth in mobile users last week, and with Bank of America also reporting strong growth today on theRead More