Bank of America is set to introduce its App-to-App feature. It enables customers to move between Bank of America, Merrill Lynch, Merrill Edge and U.S. Trust mobile apps without re-authentication.
The new capability is expected to help the clients manage their banking and investing activities seamlessly.
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The introduction of App-to-App feature is driven by an industry research that found most of the clients prefer their banking and investment services to be accessible in one place.
Merrill Lynch Wealth Management head Andy Sieg said: “This latest update will allow our wealth management clients who use mobile apps instant, one-touch access to both banking and investment services.
“It provides a state-of-the-art mobile platform that allows clients to view their banking and financial assets and activities in one place and to manage the full range of day-to-day transactions with ease.”
It was made available from yesterday across Bank of America, Merrill Lynch, and Merrill Edge and will be rolled out next month for U.S. Trust.
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By GlobalDataBesides the App-to-App feature, Bank of America has rolled out various new features. Moreover, these include personalised cash flow analysis to provide an insight over spending habits and also biometric authentication features including fingerprint and Face ID.
Additionally, the app includes Zelle enhancements to enable person-to-person (P2P) transactions and Digital Mortgage Experience service.
The Digital Mortgage Experience service allows the customer to connect with preferred professional lending specialist to simplify homebuying experience.
The customers can also manage alerts as well as receive updated account statements through the app.
