Bank of america digital transformation and fintech. The success of strategy will depend in part on our ability to retain, motivate, develop, and continue to attract employees with the skills and experience to help the bank master challenges and make the most of. Bank of america executive aditya bhasin talks technology. Bank of america bank of america is one of the worlds leading financial institutions, serving individual consumers, small and middlemarket businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. When bank of americas brian moynihan talks about bringing fintech firms. Subscribe now to start your free trial and continue reading.
Trust and fiduciary services are provided by bank of america private bank, a division of bank of america, n. Banking technology vision 2018 building the future. The url has been decommissioned and moved to the new url the pb client reports disclaimer. How brian moynihan is redefining bank of america the 57yearold chairman and ceo of bank of america is doubling down on his commitment to return capital to shareholders. The future of technology according to bank of americas chief. Ctos, business unit heads, heads of strategy, and other key decision makers who.
Learn and read more about the four pillars that define bank of americas strategy of driving responsible growth. We re a technology company, wrapped around a great bank, and thats. The probability of negative returns decreases as investment time. Inside bank of americas it transformation network world. In our view, one of todays greatest market inefficiencies is a lack of capital devoted to longterm investments. Bank of americas branch expansion goes digital first. Not every dollar is a good dollar, unless it comes from activities that satisfy a customer need and fit our risk parameters. The latest enhancements are part of the banks longterm strategy focused on hightech, hightouch innovations that advance the client. Thanks to artificial intelligence and machine learning when asked. Bank of america accelerates hightech, hightouch approach. But digital technology and big dataanalytics are still poised to shake up the financialservices industry. The life plan program is bank of america s bet at securing decades worth of loyalty. Accelerating digital transformation in banking deloitte.
Bank of america is expanding into new cities with a digitalfirst strategy, luring local customers with special offers to establish accounts before the first branch even opens. Bank of america scored 418 technology patents in 2019 suman bhattacharyya. Bofa merrill lynch global research bank of america. Bank of america private bank operates through bank of america, n. This was particularly true for hightech sectors and industries for which energy is a key input. Bank of america bets digital transformation can offset rising expenses elsewhere. If borne out, this could represent the first reversal in a. Everything we do in operations, from the most manual to the most sophisticated task. Investors believe fintech startups will become a significant. Global equity strategy bank of america merrill lynch. Bank of america creating digital coach to chase holy grail.
Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of bank of america corporation, including bank of america, n. Pittsburgh serves as an example of the reasoning behind the strategy. Bank of america bets digital transformation can offset. For bank of america, partnering is one strategy, but a lot of the work is being done internally with a focus on digital services for saving, borrowing and investing.