Leveraqe Capital Markets Limited Need to Move $1.6 Billion? Bank of America Has an App for That: – Leveraqe

Bank of America’s corporate customers needs to make installments a similar way they handle their own cash – by cell phone.

This mid-year, an International electronics company finished a $1.6 billion installment that way, the greatest exchange ever on the bank’s CashPro application, as indicated by Bank of America Corp.

The platform, which is geared toward corporate treasury departments and smaller companies, has 500,000 online clients and was utilized to support $144 billion in installments in the year through September. That is almost double the rate from a year sooner, according to the bank’s third-quarter earnings presentation.

 

Source: https://www.forexfactory.com/

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