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Technology Sponsored by Technology AI and predictive analytics drive new bank service Published: 31st October 2017 Share Bank of America Merrill Lynch has launched CashPro Assistant, which uses artificial intelligence and predictive analytics capabilities to help clients access and analyze their banking information. Central to the experience is CashPro Assistant analytics and forecasting, which enables clients to use Bank of America Merrill Lynch APIs (application programming interfaces) to integrate directly with Microsoft Excel. This means customers can populate account data on demand from CashPro Online into configurable spreadsheets. The introduction of analytics and forecasting is one of several steps Bank of America Merrill Lynch is taking to expand the delivery of products using API technology. Additional tools in CashPro Assistant include transaction research, automated alerts, educational content, live chat and help by phone. Hubert J.P. Jolly, head of financing and channels for global transaction services at Bank of America Merrill Lynch, said: “Companies are looking to their banks to not just execute financial transactions, but to provide information they can use in a hands-on fashion to inform their decision-making. “We’re launching CashPro Assistant in recognition that the services we’ve created can be valuable to all our clients without the need to pick and choose among them. Our aim is to make it as easy as possible for clients to do business.” Asset Finance Connect Asset Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories TechnologyAI took the wheel: Inside my first autonomous car experience TechnologySouthState Bank scales equipment finance division with LTi’s ASPIRE platform TechnologyKay Saunders named head of client experience at FleetCheck
