Tag : Bank of America

Fidelis Capital Launched by Private Banking Executives formerly with Wells Fargo and Bank of America
Banking News

Fidelis Capital Launched by Private Banking Executives formerly with Wells Fargo and Bank of America

Fintech News Desk
The new wealth management firm, created by former rivals, whose members previously managed $6 billion in client assets, will offer an improved private banking experience, provided by teams of highly experienced specialists. Top private bankers from Wells Fargo and Bank of America announced that they have joined forces to launch Fidelis Capital,......
Bank of America Payments and Spending Data shows Consumers are not Wilting in the Summer Heat
Banking News

Bank of America Payments and Spending Data shows Consumers are not Wilting in the Summer Heat

Fintech News Desk
Total payments increased 7% year over year in July; Consumers feel relief from lowering gas prices but many are feeling squeezed from rising rents The Bank of America Institute published a new article which shows consumer spending continues to increase in July but some consumers are feeling the effects of rising rents.......
Financial Institutions Overly Complacent About Current Authentication Methods
Finance News Security

Financial Institutions Overly Complacent About Current Authentication Methods

Fintech News Desk
New research report finds most financial organizations have experienced a breach due to an authentication weakness, yet only a third took action HYPR, The Passwordless Company and Vanson Bourne, released a new report that reveals the financial sector is failing to combat the biggest threat in cybersecurity – compromised credentials. Findings show......
Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend to $0.22 per share
Banking News

Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend to $0.22 per share

Fintech News Desk
Bank of America commented on the results of the Federal Reserve’s 2022 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend to $0.22 per share beginning in the third quarter of 2022. Latest Fintech News: Lucinity & Experian Partner to Tackle Financial Crime and Drive......
Banking News

iCapital Announces Strategic Investment from Bank of America

Fintech News Desk
Investment builds upon partnership supporting Merrill and Private Bank advisors Strengthens iCapital’s position as the industry-wide solution of choice for banks and wealth managers iCapital, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, announced today that Bank of America......
Claflin University Receives $500,000 from Bank of America to Support The Center for Social Justice
Banking News

Claflin University Receives $500,000 from Bank of America to Support The Center for Social Justice

Fintech News Desk
Claflin University announces that Bank of America will invest $500,000 to support the University’s Center for Social Justice and the Pathways From Prison Program.  The Pathways From Prison Program is a historic collaboration between Claflin and the South Carolina Department of Corrections (SCDC) that provides incarcerated individuals in South Carolina access to the University’s......
Bank of America Credit and Debit Card Data Shows Continued Growth in Consumer Spending, up 9% year-over-year in May
Digital Payments News

Bank of America Credit and Debit Card Data Shows Continued Growth in Consumer Spending, up 9% year-over-year in May

Fintech News Desk
Despite challenges from higher inflation, households continued to spend at a healthy pace, with spending on services like travel and entertainment continuing to grow The Bank of America Institute released its findings from the latest Consumer Checkpoint, which aims to provide a holistic and real-time estimate of U.S. consumers’ spending......
Bank of America to More Than Double Electrify America Ultra-Fast Charging Stations at Financial Centers
Banking Finance News

Bank of America to More Than Double Electrify America Ultra-Fast Charging Stations at Financial Centers

Fintech News Desk
Over 90 financial center locations will offer electric vehicle (EV) charging by the end of 2023 Bank of America and Electrify America announced plans to more than double the number of financial centers equipped with electric-vehicle (EV) charging stations by the end of 2023. As of the beginning of this......
Hedgehog Launches Two New Tokens Representing Fractional Investments in Real-World Assets
Investment Services News

Hedgehog Launches Two New Tokens Representing Fractional Investments in Real-World Assets

Fintech News Desk
Hedgehog is a blockchain-driven investing app that is making it possible for eligible individual investors to access the benefits of investing in real-world assets such as real estate and energy infrastructure projects Hedgehog, the blockchain-driven investment app, has made two new tokens available to eligible individuals in the US, UK......
Bank of America Commits to Investing in Overlooked Ventures Early Stage Startup Fund
Fintech Startups Investments News

Bank of America Commits to Investing in Overlooked Ventures Early Stage Startup Fund

Fintech News Desk
Overlooked Ventures, a Columbus, Ohio-based firm, announced an initial investment by Bank of America to help advance capital investments in businesses established by historically ignored entrepreneurs. The bank’s support is part of its commitment to invest $350 million in minority-focused funds to support minority entrepreneurs. Latest Fintech Insights : Simpl Makes Buy......
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