Bank of America Corporation (NYSE: BAC) stock jumped over 3% on Tuesday after receiving top scores in the Coalition Greenwich Digital Transformation Benchmarking Study, affirming its global leadership in financial performance with ongoing enhancements to the CashPro® platform.
Bank of America (BAC) has been awarded the highest rankings in the yearly Coalition Greenwich Digital Transformation Benchmarking Study. This accolade acknowledges the continuous improvements made to its CashPro® platform.
CashPro, the company’s digital banking platform, is utilized by over 40,000 global corporate and commercial clients. It serves as a tool for managing treasury, trade, and credit operations and facilitates self-service requests.
Bank of America Recognition
Highlights from this year’s study include:
- For the second consecutive year, Bank of America has been recognized as the leader in Digital Channels, earning the top score in this year’s annual study.
- In the Digital Channels category, Bank of America has once again secured the top position for its Mobile capabilities and Online Portal (tied), marking the second consecutive year of this achievement. The company also earned the highest score for API Access & Connectivity.
- Bank of America garnered multiple top scores in the Payments & Treasury Management category. These include Analytics & Insights (for the second year running), Merchant & Card Services, Transactional Foreign Exchange, Liquidity Management (tied), and Receivables (tied).
Bank of America has been honored in the 2023 Greenwich Excellence Awards for U.S. Large Corporate Finance, demonstrating its leadership in U.S. Large Corporate Banking and Cash Management.
- Bank of America was lauded for its superior Overall Digital Experience in the U.S. Large Corporate Banking category of the award for its superior Overall Digital Experience. The company also earned commendations for its Ease of Doing Business, Effective Senior Management Support, Coordination of Product Specialists, Frequency of Contact, Knowledge of Transaction Banking Needs, and Timely Follow-up.
- The bank was acknowledged in the U.S. Large Corporate Cash Management category for its Digital Platform Design & Functionality and commendable Ease of Doing Business.
Coalition Greenwich, a foremost authority in strategic benchmarking, analytics, and data intelligence, caters to the financial services and investment sectors. Their expertise lies in delivering unique, valuable, and actionable insights that assist banks in making informed business decisions.
Bank of America (NYSE: BAC) Stock Performance
BAC stock inclined 3.51% on Tuesday. The traders had exchanged hands with 59,823,950 (59.82 million) shares compared to the average daily trading volume of 43.01 million.
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