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.

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This Week in AI: Using AI to Mitigate Tariff Uncertainty and Bank of America’s Big Bet
This Week in AI: Using AI to Mitigate Tariff Uncertainty and Bank of America’s Big...
April 11, 2025  |  Artificial Intelligence

Artificial intelligence continues to dominate headlines as businesses accelerate their digital transformations. From banking to AI models, here are the top stories PYMNTS published this...

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Bank Bosses Reportedly Out of the Loop on Trump’s Tariffs
Bank Bosses Reportedly Out of the Loop on Trump’s Tariffs
April 09, 2025  |  Economy

The heads of America’s biggest banks are reportedly disconnected from the White House’s tariff efforts. To illustrate this fact, The Wall Street Journal (WSJ) on...

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Bank of America to Spend $4 Billion on AI and New Tech Initiatives in 2025 
Bank of America to Spend $4 Billion on AI and New Tech Initiatives in 2025 
April 08, 2025  |  Banking

Bank of America is allocating $4 billion — or nearly a third of its overall technology budget for this year — toward new initiatives including...

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Banks and FinTechs Navigate Market Mayhem Amid Escalating Tariff Fears
Banks and FinTechs Navigate Market Mayhem Amid Escalating Tariff Fears
April 08, 2025  |  Economy

As the economy continues to reel from President Donald Trump’s tariff announcements, speculation about their impact on the banking and FinTech sectors has reached a...

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Legacy Systems vs Digital Demands: The B2B Payments Dilemma
Legacy Systems vs Digital Demands: The B2B Payments Dilemma
March 26, 2025  |  B2B Payments

There’s a paper jam happening along the B2B innovation journey. While automation has made significant inroads in certain aspects of business operations, the payments process...

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Bakkt Ditches Custody Business, Names New Co-CEO, and Bets Everything on Crypto
Bakkt Ditches Custody Business, Names New Co-CEO, and Bets Everything on Crypto
March 19, 2025  |  Cryptocurrency

Bakkt Holdings is blowing it all up and starting fresh. The digital asset and payments platform on Monday (March 17) suffered a major blow when Bank...

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Bakkt Suffers Major Setback as Bank Partners Drop Platform
Bakkt Suffers Major Setback as Bank Partners Drop Platform
March 18, 2025  |  Cryptocurrency

A growth strategy that relies heavily on strategic partnerships can be derailed when those partnerships come to a close. That is happening in real-time to...

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The Stablecoin Market Is $220 Billion. Are Businesses Actually Using Them?
The Stablecoin Market Is $220 Billion. Are Businesses Actually Using Them?
March 17, 2025  |  Cryptocurrency

For years, stablecoins served as the backbone of cryptocurrency trading, providing liquidity and stability in crypto’s famously volatile markets. Though some have been circulating for...

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Bank of America Says Real-Time Payments Connect Businesses to Working Capital
Bank of America Says Real-Time Payments Connect Businesses to Working Capital
March 17, 2025  |  Payments Innovation

The Clearing House’s RTP network launched in 2017. The FedNow Service, the central bank’s foray into real-time payments, debuted in the summer 2023. And yet...

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