Bank of America: Fintech Ecosystem
Bank of America (BofA) has been running a scouting initiative since 2010: the Tech Innovation Summit program. In 2017, BofA adopted a “High-Tech, High-Touch” approach - an initiative to boost investments in digital technology.
BofA is mainly focusing on technological investments in order to leverage technologies that can help reduce development costs and accelerate product development. BofA also launched various digital solutions for its corporate, middle-market, and public sector clients to consolidate funds and make digital payments to their customers.
BofA supports the FinTech Innovation Lab and Queen City Fintech Lab accelerator programs. Overall BofA has supported more than 200 fintech start-ups through these programs.
The report provides information and insights into Bank Of America's fintech activities, including -
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