The bank is adding forecasting to its Intelligent Receivables product, which uses artificial intelligence to match business customers' incoming cash to open invoices.
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Bank of America and Swift to set up new tracker for payments
FXC Intelligence Research Analyst Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
Bank of America, which is one of the world’s most prominent banking institutions, will collaborate with Belgium-based payment messaging organisation Swift.
Swift’s ‘Global Payments Innovation’ (gpi) will be the force behind the new service, which will let customers monitor payments in real time and see what stage their payments are at.
The service will be available via the CashPro platform.