This year, Bank of America has been recognized by many of the most influential industry groups and global banking award organizations around the world for its digital leadership. As the company continues to see record growth in digital engagement among clients, it recently received accolades from Euromoney, Global Finance, Celent, The Asian Banker, and others for its commitment to innovation and delivering world-class digital experiences.
“We’re focused on making it easier and more convenient than ever for our clients to manage their full financial lives through industry-leading digital capabilities,” said David Tyrie, Chief Digital Officer and Chief Marketing Officer for Bank of America. “This recognition showcases the expertise of our team and their commitment to delivering for our clients.”
One of the greatest measures of success is the degree to which clients engage with digital solutions. Today, 58 million clients leverage Bank of America’s digital capabilities to help manage their financial lives. Last year, these clients digitally connected with their finances a record 23.4 billion times, an 11% increase year-over-year.
“Our approach to technology focuses on delivering capabilities that help our clients build better financial lives – enabled by a culture that empowers our teammates to explore and develop innovative solutions at scale for our clients around the world,” added Chief Technology and Information Officer, Aditya Bhasin, who heads Bank of America’s Global Technology organization.
Bank of America received over 120 accolades last year for its digital and innovation leadership. In 2024, the company continues to be recognized globally with many of the industry’s most definitive honors, including:
Euromoney Awards for Excellence
- North America’s Best Digital Bank and Western Europe’s Best Digital Bank, recognizing the bank for its digital capabilities and use of technology to benefit clients and for efficiency.
- World’s Best Bank for Trade Finance for providing financial solutions to importers and exporters worldwide that mitigate the payment and supply risk involved in international trade, as well as being at the forefront of new technologies that are streamlining trade finance processes and accelerating innovation.
- North America’s Best Bank for Transaction Services, recognizing BofA’s excellence in cash management, payments and trade finance across North America through innovative technology and best-in-class performance.
Global Finance
- Most Innovative Bank in North America, based in part on its annual technology investments and corporate culture of supporting client needs and continuous improvements to the client experience.
- World’s Best Bank for Transaction Banking, including top honors in North America and Latin America
- World’s Best Bank for Collections, including top honors in Latin America and Western Europe
- Western Europe’s Best Bank for Payments
Celent Model Bank Awards
- Customer-Centered Innovation Award for the Bank of America unified mobile app experience as well the award for Reimagining Trade and Supply Chain Finance for its Open Account Automation solution for business clients. Open Account Automation, the first module of CashPro Supply Chain Solutions, addresses invoice approval and payment, one of the most common processes in global trade, and speeds up the time to approve an invoice from days or weeks to now a matter of minutes.
The Asian Banker: Transaction Finance Awards
- Best International Cash Management and Transaction Bank in Asia Pacific for commitment to “true and tangible innovation that supported the development of numerous digital corporate banking solutions.”
- Best Treasury Management Initiative for reducing FX trade and settlement volumes by an average of over 85% and saving 40-man hours weekly.
- Best Cash Management Project in Asia Pacific for halving the number of bank accounts and consolidating over 60% of cash in Asia for repatriation.
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