Bank of America Corp.: How a 120-Year-Old Giant Is Rebuilding the Digital Bank

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Bank of America Corp. is transforming itself from a traditional bank into a software-driven financial platform, leveraging its century-long legacy and massive balance sheet to compete with fintechs and megabanks. The bank is investing billions in technology to build an integrated digital ecosystem, including its mobile app, AI assistant Erica, and business platforms like CashPro. This strategic shift aims to weaponize its scale and data, making Bank of America an indispensable operating system for customers’ financial lives and demonstrating the increasing importance of digital strength to its stock valuation.

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