Bank of America Launches AI Tool for Treasury Management
What happened
Bank of America announced a new Payments Insights capability within its CashPro suite. This tool uses artificial intelligence to analyze payment efficiency, cross-border flows, and working-capital performance, allowing companies to compare their results against industry peers. The bank noted that CashPro processed 213 million payments in the first half of 2026, a 10% increase from the previous year.
From fortune.com
Why it matters
The introduction of AI tools in treasury management aims to reduce the time spent on manual data sorting and increase time spent on high-value analysis and decision-making. According to Bank of America, companies are seeking ways to free up staff from manual work to concentrate on strategic decisions.
From fortune.com
Who's involved
- Bank of AmericaAnnounced the new Payments Insights capability and CashPro suite.
- DeloitteParticipated in discussions regarding current treasury management trends.
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The entities involved
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Bank of America
American multinational banking and financial services corporation
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Deloitte
multinational professional services network founded in 1845
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