Weekly Wrap: BofA’s CashPro gains traction, Chase launches kid-friendly product

Third-quarter earnings kicked off this week and, despite the acceleration in digital banking in light of the COVID-19 pandemic, year-over-year adoption of mobile and digital was relatively flat. Bank of America’s CashPro platform — used by businesses to manage payments, invest and receive funds — gained digital traction, with CashPro mobile app logins jumping 54% YoY and online users across commercial, corporate and business banking reaching 500,000. The Charlotte, N.C.-based bank added three new APIs to the platform last week, bringing the platform's offering to more than 50 APIs. Meanwhile, Chase’s new partnership with Greenlight highlighted the fintech’s move into the B2B market and Chase’s renewed interest in age-segmented banking products. Find this and more in today’s edition of the Weekly Wrap, featuring JJ Hornblass and Bianca Chan for the week ending Oct. 16, 2020.