Can Bank of America Turn the Next Technology Cycle Into Better Payments Outcomes?

The Asian Banker

"Bank of America sees the convergence of AI, distributed ledgers and tokenisation as a major new technology cycle in payments. Mark Monaco says the opportunity is to turn these technologies into faster, more efficient and safer outcomes for clients. At Sibos, he cited Payments Insights. Bank of America launched the capability within its AI-powered CashPro Data Intelligence suite. It uses payments data, peer benchmarking and visualisation to help treasury teams identify opportunities around payment efficiency."