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Bank of America upgrades CashPro

October 21, 2019

Via: Finextra
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Today, the bank is introducing a series of new capabilities that increase efficiency, transparency and mobility for business customers. These updates are making business easier for the bank’s clients:

Digitized KYC (Know-Your-Customer) Refresh. One of the biggest pain points for business customers is completing the paper-intensive and time-consuming task of the periodic KYC Refresh. To help improve the experience, the bank has digitized the process within CashPro Assistant. Companies can now upload the required documentation to the platform, replacing numerous emails. CashPro Assistant users can also view an up-to-date request status, document status and communications from the bank.

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