Investments in CashPro® Drive Number 1
Rankings in the Digital Transformation Benchmarking Study
Company Named Best Bank for Innovation and
Ease of Doing Business Among Other Categories in the Corporate
Banking Awards
NEW
YORK and LONDON and
SINGAPORE, Feb. 7, 2025
/PRNewswire/ -- Bank of America's commitment to digital innovation
that enhances client experiences has been recognized by Crisil
Coalition Greenwich in its 2024 Digital Transformation Benchmarking
Study in which the bank received numerous No. 1 rankings. CashPro
is the company's digital banking platform accessed by more than
40,000 corporate and commercial clients around the world to manage
their treasury, trade and credit operations and perform
self-service requests.
The company was also named Best Bank in several Corporate
Banking, Cash Management and Capital Markets categories in the 2025
Crisil Coalition Greenwich Awards.
Commenting on the Digital Transformation Benchmarking Study,
Tom Durkin, Global Product Head of
CashPro in Global Payments Solutions at Bank of America said,
"These top rankings reflect our single-minded focus on working to
deliver the best possible experience for our clients – whether
that's enabling them to do more on their mobile device, enhancing
connectivity through our network of TMS and ERP providers, or
providing them with leading insights from their own data. We
continue to innovate and strive to exceed our clients'
expectations."
"We are honored to be consistently recognized as a share
leader in the corporate banking space where we continue to invest
in our clients through robust market leadership and holistic
solutions to help our clients succeed," said Lisa Clyde, head of Global Corporate Banking and
Leasing at Bank of America.
"The CashPro team's focused approach to data, insights, and
reporting continues to drive an outstanding digital experience for
clients. Bank of America is paving the way for innovation,
especially in TMS and ERP integration, which is a critical enabler
of customer service and client success," said Chris McDonnell, Head of Commercial and Digital
Banking Analytics at Crisil Coalition Greenwich.
Highlights of Bank of America's rankings in the Digital
Transformation Benchmarking Study:
Digital Channels
- No. 1 (tied) score for overall leadership in Digital Channels
for the third consecutive year, with the bank being the sole leader
in 2023 and 2022
- No. 1 score for its Mobile Application (CashPro App) for the
third consecutive year
- No. 1 score for TMS & ERP
Integrations1
- No. 1 scores for Online Portal Product Capabilities and (tied)
Online Portal Design, both for the third consecutive year
Payments & Treasury Management
- No. 1 score for Analytics & Insights for the third
consecutive year
- No. 1 score for Data Structure, Organization, &
Integration, up from 2nd place last year
- No. 1 score for Merchant & Card Services for the second
consecutive year (tied last year)
- No. 1 (tied) score for Transactional Foreign Exchange for the
second consecutive year
Recognition of Bank of America's leadership in cash management
and corporate banking included:
Cash Management
- Share Leader in Corporate Cash Management Market Penetration in
the U.S.
- Best Bank for Corporate Cash Management in the U.S. and the
United Kingdom
- Best Bank for Cash Management Sales Specialist
for Corporates in the U.S.
Corporate Banking
- Share Leader in Corporate Banking Market Penetration in the
U.S.
- Best Bank for Corporate Banking in the U.S.
- Best Bank for Coverage of Corporates in the U.S.
Service/Digital – Best Bank
- Best Bank for Ease of Doing Business for Corporates in the
U.S. and in Europe
- Best Bank for Digital for Corporates in the U.S.
- Best Bank for Innovation for Corporates in the U.S.
Capital Markets
- Best Bank for Foreign Exchange Sales for Corporates in the
U.S.
- Best Bank for Foreign Exchange Service for Corporates in
the U.S.
- Best Bank for Foreign Exchange Trading for Corporates in
the U.S.
Crisil Coalition Greenwich is a leading provider of strategic
benchmarking, analytics and data intelligence to the financial
services and investment industries. They specialize in providing
unique, high-value and actionable information to help banks make
better business decisions.
Bank of America
Bank of America is one of the world's leading financial
institutions, serving individual consumers, small and middle-market
businesses and large corporations with a full range of banking,
investing, asset management and other financial and risk management
products and services. The company provides unmatched convenience
in the United States, serving
approximately 69 million consumer and small business clients with
3,700 retail financial centers, approximately 15,000 ATMs
(automated teller machines) and award-winning digital banking with
approximately 58 million verified digital users. Bank of America is
a global leader in wealth management, corporate and investment
banking and trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the
world. Bank of America offers industry-leading support to
approximately 4 million small business households through a suite
of innovative, easy-to-use online products and services. The
company serves clients through operations across the United States, its territories and more
than 35 countries. Bank of America Corporation stock is listed on
the New York Stock Exchange (NYSE: BAC).
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America newsroom
and register for news email alerts.
Reporters may contact:
Louise Hennessy, Bank of America
Phone: 646-858-6471
Louise.hennessy@bofa.com
1 Treasury Management Systems and Enterprise Resource
Planning
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SOURCE Bank of America Corporation
