BofA Unveils AI-Driven Capital Markets Insights on CashPro® App
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C-Suite and Treasury Teams to Have Consolidated Capital Markets Knowledge In the Palm of Their Hand
"CFOs and treasurers using the CashPro App to approve payments are the same people making debt issuance decisions," said
Capital Markets Insights will use an AI-driven algorithm leveraging market variables that produces a TED score – an objective way to quantify the macro backdrop that clients, the debt issuers, are faced with prior to deciding the viability of an investment-grade issuance on a given day.
CashPro is Bank of America's digital banking platform accessed by more than 40,000 corporate and commercial clients around the world to manage treasury, trade, credit, and other critical operations. Many users leverage the mobile version of CashPro for its convenience, security, and personalization capabilities.
With Capital Markets Insights, data previously gathered via disparate emails, phone calls, and third-party channels will now be automatically aggregated and presented on-demand in personalized views on the CashPro App, including:
- Market statistics including Bank of America's TED
- Same-day issuance information, new issuance data for past month
- The ability to search across investment grade secondary bond pricing data
"Our CashPro App is reaching a point of ubiquity amongst our clients thanks to its robust functionality and intuitive user interface," said
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
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SOURCE Bank of America Corporation
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