Investment in CashPro® Drive Number 1 ranking for Digital Transformation Benchmark Survey
Among other categories of Corporate Bank Awards, the company named Best Bank for Innovation and Business Ease of Use
new york and London and Singapore, February 7, 2025 /PRNewswire/ – Bank of America’s commitment to digital innovation to enhance client experience has been recognized in the 2024 Digital Transformation Benchmark Study, where banks received numerous rankings. CashPro is the company’s digital banking platform accessed by over 40,000 companies and commercial clients around the world, managing the Ministry of Finance, trade and credit operations and performing self-service requests.
The company has also been named Best Bank in several corporate banking, cash management and capital market categories at the 2025 Crisil Coalition Greenwich Awards.
Comment on the Digital Transformation Benchmark Survey; Tom Darkin“These top rankings reflect our heartfelt focus on working to provide our clients with the best possible experience,” said Cash Pro’s Global Product Head in Global Payment Solutions at Bank of America. It improves connectivity through the network of TMS and ERP providers or provides key insights from your own data.
“We are honored to be consistently recognized as an equity leader in the corporate banking space that continues to invest in our clients through robust market leadership and overall solutions to help our clients succeed.” I said that. Lisa ClydeHead of Global Corporate Banking and Lease at Bank of America.
“The CashPro team’s focused approach to data, insights and reporting continues to drive superior digital experiences for clients. Bank of America paves the way for innovation, particularly in TMS and ERP integration. I’m going to succeed.” Chris McDonnellHead of Commercial and Digital Banking Analytics at Crisil Coalition Greenwich.
Highlights of Bank of America’s rankings in digital transformation benchmark research:
Digital Channel
For the third consecutive year, the bank has a first score for overall leadership across the digital channel, with the only leader in mobile applications (CashPro apps) for 2023 and 2022, and for the third consecutive year, the number one score for TMS & ERP Integrations 1 Online Portal Product Features and (Tied) Online Portal Design score, both for 3 years in a row
Payments and financial management
Analysis and Insights 1st score for the third consecutive year of data structures, organizations and integration. 2nd place score for the second consecutive year from last year’s second place score for the second consecutive year) 2nd consecutive year’s transactional foreign exchange 1 (Tied) score
Includes recognition of Bank of America’s leadership in cash management and corporate banking.
Cash Management
US Corporate Cash Management Market Penetration Equity Leaders and Best Banks for US Corporate Cash Management England
Best Bank for Cash Management Sales Specialists for US Companies
Corporate Banking
US Corporate Bank Market Penetration Equity Leader Best Banks for Corporate Banks in the US
Services/Digital – Best Bank
Best Banks to Make Business Easy for Businesses for the US and All over the United States Europe
Best Bank for Digital for US Companies Best Bank for Innovation for US Companies
Capital Market
Best Bank for Forex Sales of US Companies Best Bank for Forex Services for US Companies
Crisil Coalition Greenwich is a leading provider of strategic benchmarking, analytics and data intelligence for the financial services and investment industry. They specialize in providing unique, high value and practical information to help banks make better business decisions.
Bank of America
Bank of America is one of the world’s leading financial institutions, providing banking, investment, asset management and other financial and risk management products and services to individual consumers, small and medium-sized businesses and large businesses. The company offers unparalleled convenience USand approximately 69 million consumers and with award-winning digital banking with 3,700 retail financial centers, approximately 15,000 ATMs (vender machines), and approximately 58 million verified digital users. We provide services to small and medium-sized business clients. Bank of America is a global leader in asset management, corporations, investment banking and trading across a wide range of asset classes serving businesses, governments, institutions and individuals around the world. Bank of America provides industry-leading support to approximately 4 million SMEs through innovative and easy-to-use suite of online products and services. The company provides services to its clients through operations USits territory and over 35 countries. Shares of Bank of America Corporation are listed on the New York Stock Exchange (NYSE: BAC).
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Reporters can contact:
Louise Hennessy, Bank of America
Phone: 646-858-6471
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1 Financial Management Systems and Enterprise Resource Planning
Source Bank of America Corporation
