Bank of America ordered to pay $1.2B penalty for AML violations
Less than a day before Bank of America was set to report its third-quarter earnings, the U.S. Department of the ...
Tag: Bank of America
Bank of America reports 50M-plus active digital users
Digital adoption for Bank of America consumers reached new highs in the third quarter with more than 50 million active ...
Bank of America aims to build ‘high-tech, high-touch’ business
Bank of America is pursuing a dual-track strategy in wealth management and investment services, deploying AI to accelerate adviser productivity ...
Bank of America uses ‘Orchestra’ tool to decide if task needs open-source or closed-source model
Bank of America is taking a pragmatic approach to AI by routing tasks to specific models based on a task’s ...
6 banks co-author principles for creating unified agentic commerce infrastructure
ASB Bank, Bank of America, Capital One, Commonwealth Bank of Australia, ING Group and NatWest Group have published principles for ...
BofA continues to boost tech banking ranks with new hires
Bank of America Corp. has hired two more managing directors as it builds out its technology practice, according to an ...
Bank of America deploys gen AI for call summarization, resolution of declined card issues
Bank of America is increasingly deploying generative AI in its call centers to streamline client call resolution and place new technology into call center employee hands. ...
AI paying off at Bank of America as operating leverage soars above target
Bank of America’s AI investments are bearing fruit as its operating leverage surged well above its full-year goal in the ...
Bank of America to pay $7.5M settlement to SEC for alleged reporting oversight
Bank of America has agreed to pay a $7.5 million settlement to the U.S. Securities and Exchange Commission to resolve ...
Truist’s patents up 41% YoY, AI adds to the portfolio
Truist continued to invest in innovation in 2025 and ranks among the top 300 companies to receive patent approvals from the U.S. Patent and Trademark Office – with AI patents helping grow its portfolio. The $549 billion, ...
