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bank of america

Bank of America’s CashPro App Wins Multiple Industry Awards

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1 min read

The FINANCIAL — App Activity Soars As Businesses Appreciate The Convenience Of Mobile Banking. Bank of America’s CashPro App has been recognized by Celent, the global research and advisory firm for the financial services industry, as a winner of a Model Bank award for Corporate Digital Banking. According to Bank of America, earlier this year, the CashPro App was also named Best Mobile Cash Management Software by Global Finance magazine, and Best Mobile Technology Solution by Treasury Management International.…

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Bank of America’s CashPro App Wins Multiple Industry Awards

1 min read

The FINANCIAL — App Activity Soars As Businesses Appreciate The Convenience Of Mobile Banking. Bank of America’s CashPro App has been recognized by Celent, the global research and advisory firm for the financial services industry, as a winner of a Model Bank award for Corporate Digital Banking. According to Bank of America, earlier this year, the…

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Celent Names Bank of America a Leader in Wealth Management Innovation

1 min read

The FINANCIAL — Bank of America announced that it has been recognized by Celent, a global research and advisory firm for the financial services industry, with the 2022 Model Wealth Manager award for Client Experience.…

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Record 81% of Bank of America Mortgage Applications Initiated Through Digital Mortgage Experience

2 mins read

The FINANCIAL — Company Recognized in 2022 for Best Overall Mortgage Experience and as the Best Mortgage Lender for First-time Homebuyers. Rapid growth in consumer digital engagement contributed to substantial momentum in Bank of America’s home lending business over the last year. Home loan applications initiated through Bank of America’s Digital Mortgage Experience accounted for 81%…

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Bank of America Helping Employees at More Than 200 Companies Manage Everyday Financial Needs Through Corporate Employee Banking and Investing Program

2 mins read

The FINANCIAL — Bank of America announced that more than 200 of its corporate and commercial clients across the U.S., representing nearly 3 million employees, have adopted its Corporate Employee Banking and Investing program. Introduced in early 2020, this program was created to help large and mid-sized companies better support the everyday banking1, lending1 and…

Bank of America’s Community Development Financial Institution Loan Portfolio Surpasses $2 Billion

1 min read

The FINANCIAL — Company is the largest private investor in CDFIs in the United States. Bank of America today announced its current portfolio of loans, deposits and investments to Community Development Financial Institutions (CDFIs) now exceeds $2 billion. This includes approximately $100 million in deposits to minority depository institutions (MDIs) and investments of nearly $36 million…

BofA Global Research Launches Coverage of Digital Assets

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The FINANCIAL — Report Finds Digital Assets are Too Large to Ignore. Bank of America today launched its digital asset research with the publication of a report entitled “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy.…

Bank of America Receives Seven Awards for Excellence from Euromoney

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The FINANCIAL — Recognizing Bank of America’s ability to adapt to challenging market conditions and ever-changing client needs while outperforming its peers, Euromoney has named Bank of America as the recipient of seven regional and country awards in the publication’s 29th annual Awards for Excellence program.…

BofA Ranks No. 1 in Nilson Report’s US Commercial Credit Card Rankings

1 min read

The FINANCIAL -- In an extraordinary year for payment trends, Bank of America once more retained its ranking as the top issuer of Visa® and Mastercard® commercial credit card solutions in the U.S. The 2020 rankings, published by the financial industry publication The Nilson Report, represent the seventh consecutive year wherein Bank of America has…

Bank of America Increases US Minimum Hourly Wage to $25 by 2025

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The FINANCIAL -- Bank of America announced it will raise its U.S. minimum hourly wage to $25 by 2025. In March last year, the company raised its U.S. minimum wage to $20 per hour.…

Bank of America Finds 60% of Small Business Owners Expect their Revenue to Increase This Year

3 mins read

The FINANCIAL -- According to the Bank of America 2021 Small Business Owner Report, U.S. small business owners have started to regain their footing after an unprecedented year of challenges brought on by the coronavirus.…

Bank of America Reaches Milestone; Company Has Distributed 25 Million Masks to Underserved Communities Across the U.S.

1 min read

The FINANCIAL -- Bank of America announced that in partnership with local nonprofits across the country, it has distributed more than 25 million masks since last summer as part of its ongoing efforts to address health-related disparities accelerated by the coronavirus. In addition to masks, the company has also distributed more than 160,000 bottles of…

Celent Names Bank of America a Leader in Banking and Wealth Management Innovation

2 mins read

The FINANCIAL -- Bank of America announced that it has been recognized by Celent, a global research and advisory firm for the financial services industry, with the 2021 Model Bank award for Customer Engagement and the 2021 Model Wealth Manager award for Emerging Technology.…

Bank of America Helps Fuel Black Innovation with Launch of the Center for Black Entrepreneurship

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The FINANCIAL -- In Partnership with Morehouse College, Spelman College and the Black Economic Alliance Foundation, the Initiative is Powered by a Two-Year $10 Million Grant. Bank of America, the Black Economic Alliance Foundation, Morehouse College and Spelman College announced the development of the Center for Black Entrepreneurship (CBE), the first-ever academic center of its kind to…

Bank of America Announces Actions to Achieve Net Zero Greenhouse Gas Emissions before 2050

3 mins read

The FINANCIAL -- Building on Bank of America’s longstanding support for the Paris Climate Agreement, the company today outlined initial steps to achieve its goal of net zero greenhouse gas (GHG) emissions in its financing activities, operations and supply chain before 2050. Bank of America continues to actively engage with its clients to help accelerate…

Global Business Leaders Support ESG Convergence by Committing to Stakeholder Capitalism Metrics

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The FINANCIAL-- According to Bank of America, 61 business leaders, including members of the World Economic Forum and its International Business Council (IBC), have committed to the core Stakeholder Capitalism Metrics released by the IBC. Stakeholder Capitalism Metrics offer a set of universal, comparable disclosures focused on people, planet, prosperity and governance that companies can report on,…