BankingFinTech

BofA: Launches Omni-Channel Approach to Cross-Currency Transactions

  • Bank of America is one of the world’s leading financial institutions, serving individual consumers
  • The company provides unmatched convenience in the United States, serving approximately 66 million consumer
  • Clients Can Now Trade and Settle Payments in Over 140 Currencies via API, SWIFT, CashPro
  • Bank of America responding to the dual imperatives of cross-currency transactions – technology innovation and client demand for improved efficiency
  • Many clients, including financial institutions, can now get direct access to more than 100 currencies and effectively trade anywhere and settle anywhere
  • FX APIs have been popular with clients particularly in industries such as banking and non-banking financial institutions, retail, and technology
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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