U.S. Treasury Fines Bank of America $1.2 Billion for Anti-Money Laundering and Sanctions Violations
The U.S. Treasury Department announced a fine of more than $1.2 billion against Bank of America.
Bank of America
Bradesco Completes First HKD Pilot Payment on BofA Cross-Border RTP
Brazil’s Bradesco bank has completed the first pilot transaction on Bank of America’s new cross-border real-time payments (RTP) solution. International transfers remain one of the slowest and most cumbersome parts of the payments landscape, and the test is an early attempt to speed them up without changing how banks send them.
Bank of America Expands AskGPS With Three New Tools
Bank of America has launched AskGPS Intelligence Hub. It is a set of tools to facilitate decision-making for corporate staff in its Global Payments Solutions (GPS) unit.
Bank of America Plans Cross-Border Real-Time Payments Launch Next Quarter
Bank of America said it plans to introduce a cross-border real-time payments service next quarter for corporate, commercial, and financial institution clients. The system will allow users to send and receive international payments through Swift or the bank’s CashPro platform.
Bank of America’s CashPro App Records $1.2T in Payments & 20% Usage Growth, as AI and Mobile Transform BofA Treasury Operations
Corporate treasurers don’t sleep at their desks anymore — at least not the ones at Bank of America. In 2025, clients approved $1.2 trillion in payments through the bank’s CashPro App, a figure that works out to roughly $38,000 every second of every day. For a mobile app, that’s a staggering amount of financial trust […]
Money20/20 Asia Unveils Powerhouse Lineup of 250 Speakers to Define the Future of Finance
Bangkok, Thailand: Money20/20, the world’s leading fintech show and the place where money does business, today announced 250 confirmed speakers from a total of 39 countries taking their stages at Money20/20 Asia happening in Bangkok on April 21–23, 2026 at the Queen Sirikit National Convention Center (QSNCC).
Bank of America and Zelle Test Real-Time Charitable Donations via Digital Payments
Bank of America and Zelle have launched a pilot initiative aimed at accelerating the delivery of charitable donations to nonprofit organizations by using instant payment technology. The initiative explores how real-time digital transfers can replace slower, traditional disbursement methods often used in philanthropy.
Bank of America Reports 30 Billion Digital Client Interactions in 2025 as AI and Mobile Usage Grow
Bank of America says customer engagement with its digital banking tools reached record levels in 2025, with clients interacting with their finances approximately 30 billion times through digital logins, AI solutions and automated alerts, according to a company update. The figure represents a 14% increase compared with the previous year.
How Bank of America and Wells Fargo Benefit from Banking Sector Tailwinds in Early 2026
Bank of America and Wells Fargo, two of the largest U.S. banking institutions, have reported significant growth in earnings driven in part by broader industry and economic tailwinds that have supported financial performance through late 2025 and into 2026.
While Experts Debate Whether Trump Credit Interest Cap Is Constitutional, Bank Shares Decline
President Trump’s plan to cap the credit card interest at 10% for a one-year term has raised fervent discussions among financial industry experts and negatively affected the share price of major U.S. banks and credit card firms.
Bank of America’s AI-Powered CashPro Forecasting Saves Clients 250,000 Hours Amid Market Volatility
Bank of America has reported that its AI-driven CashPro Forecasting tool helped clients save over 250,000 hours in 2025, highlighting the growing role of automation in smarter, faster treasury decision-making.
AI in Banking: CashPro Use Case Discussion With Abbey Novack, Bank of America
As global banks are increasingly adopting AI-powered virtual assistants in their digital banking channels, PaySpace Magazine Global spoke to Abbey Novack, CashPro Service Product Executive in Global Payments Solutions at Bank of America, about the role AI plays in the bank’s CashPro platform for corporate and commercial clients to handle treasury, liquidity, payments, trade-finance, and […]
Bank of America Reports Record Adoption of AI-Powered CashPro Tools Among Corporate Clients
Bank of America announced record usage of its AI-driven CashPro Chat and CashPro Search features, as corporate clients increasingly prioritize real-time insights and operational efficiency in treasury management.
Bank of America Claims Real-Time Payments Connect Businesses to Working Capital
Daniel Stanton, managing director and global head of Transactional FX at Bank of America, stated during a conversation with media representatives that as financial institutions move onto real-time payment networks, providing corporate clients with faster payment capabilities will be a long-term project.
Bank of America CEO Says About Inflation Impact on US Economy
Bank of America chief executive officer Brian Moynihan on Wednesday, February 12, said that the strong consumer spending in the United States in the current year means that the Federal Reserve System is likely to hold off on cutting its benchmark interest rate.
Bank of America CEO Says Financial Industry to Jump Into Crypto Payments
Bank of America chief executive officer Brian Moynihan said on Tuesday, January 21, that the United States banking industry will embrace cryptocurrencies for payments if regulators allow appropriate action.
