Technology
Digital Digest: The Latest Tech News – Bank Of America
The latest technology news in the wealth management sector from around the world.
Bank of America
Bank of America’s Wealth Management businesses, Merrill
Wealth Management and Bank
of America Private Bank, today announced the full-scale
rollout of AI-Powered Meeting Journey.
The offering, which helps advisors and their teams fine-tune their preparation for meetings, includes meeting preparation, meeting summarization and follow-ups on meetings.
“Early users of the Meeting Prep and Meeting Summarization capabilities are already seeing significant improvements in their workflows,” Shimna Sameer, head of products, solutions and platforms at Bank of America Private Bank, said. “This is time our teams are reinvesting into client engagement, with even more proactive guidance and meaningful support.”
BoA said it invests $13.5 billion annually on technology. Of this, $4 billion is dedicated to new initiatives, such as AI.