Bank of America Expands CashPro Platform with Capital Markets Insights

The latest addition to Bank of America’s CashPro platform, called Capital Markets Insights, now offers corporate users direct access to capital markets information through the mobile app. This service provides US-based CashPro clients with data on investment-grade debt markets, including trends in issuance and pricing.

Bank of America representatives state that the feature aims to offer a standardized method for clients to evaluate if current market conditions are suitable before undertaking a bond offering.

Merging Market Data into a Unified Interface

According to the official press release, in the past, treasurers and finance teams had to gather comparable data through various means such as phone calls, emails, or third-party providers. By integrating these insights within CashPro, Bank of America intends to consolidate information that was previously scattered across multiple sources.

Users can now access daily issuance statistics, review new issue volumes from the past month, and use search functions for secondary bond pricing. The tool also includes a proprietary Trade Evaluation Driver (TED) algorithm powered by AI, which measures market variables to provide a score indicating conditions suitable for investment-grade issuance.

CashPro is currently employed by corporate and commercial clients worldwide for managing treasury, credit, trade, and other operations. By incorporating capital markets functionality within CashPro, Bank of America expects this integration to enable clients to align their cash management strategies more closely with funding objectives, thus facilitating quicker responses to market changes.