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Fortune
Fortune
Sheryl Estrada

Bank of America wants AI to do treasury's grunt work

The Bank of America logo seen displayed on a smartphone with an Artificial intelligence (AI) chip and symbol in the background. (Credit: Getty Images)

Good morning. Treasury teams have never had a shortage of data. The harder problem is figuring out what matters.

That is increasingly becoming a job for AI. Bank of America announced this morning a new Payments Insights capability, part of CashPro, that analyzes payment efficiency, cross-border flows and working-capital performance and compares a company’s results with industry peers. The goal is less time spent assembling and sorting data, and more time deciding what to do with it.

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