Modernizing Corporate Bank Portals to Meet Client Needs
Finance practitioners are now tasked with providing strategic foresight and insight through data, all while managing expanding responsibilities. In response to these challenges, Bank of America is evolving to support its corporate clients. In this episode of Fintech Corner, Brett Turner, Founder and CEO of Trovata, speaks with Tom Durkin, Global Product Head of CashPro® in Global Payments Solutions at Bank of America, about how they’re fostering innovation with APIs and transforming the traditional banking portal into a dynamic, cutting-edge digital solution.
Episode Highlights
- Learn how Bank of America led the way with the first public-facing APIs within in corporate banking
- Hear how Bank of America leverages customer client feedback to drive new features and services
- Discover what sets CashPro apart from a traditional banking portal platform experience
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Show Notes / Resources
Read the full transcript.
Learn more about Trovata at https://trovata.io.
About Fintech Corner
A podcast for fintech lovers that starts conversations between bankers, financial technology innovators, and their clients to evolve finance and treasury for the 21st century. For decades, there has been a gap between the technology that banks can offer and what corporate clients need for modern cash flow management and analysis. We’ll cover emerging trends to help bridge this gap, technologies that can reshape the roles of treasury & finance, and the in’s and out’s of API bank connections & open banking.
Tom Durkin
Global Product Head of CashPro®,
Bank of America
Tom Durkin leads the product management team for CashPro®, Bank of America’s digital banking platform for transaction banking, covering payments, liquidity, FX, and trade finance. CashPro serves 40,000 clients and 540,000 users worldwide, processing record volumes, including $32 trillion in payment value in 2022.
Durkin chairs the CashPro client advisory boards and is active in the SWIFT community, regularly speaking at industry events. Under his leadership, CashPro has won multiple awards for innovation and mobile solutions. Before joining Bank of America in 2007, he spent 16 years at ABN AMRO in various transaction banking roles. He has been a Certified Treasury Professional since 2000.
Brett Turner
Founder & CEO, Trovata
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
