Bank of America Urges Finance Chiefs to Fix Data Before AI Push

Finance chiefs face a widening array of artificial intelligence, real-time payments and treasury-management tools as companies accelerate digital transformation. Bank of America says technology should not be the starting point. Businesses first need clear operating objectives and reliable, consistent underlying data so investments can deliver measurable improvements in cash flow, efficiency and risk management rather than adding complexity to finance operations.

Bank of America’s latest guidance urges finance leaders to address data quality and governance before buying or deploying fintech and AI systems, and to judge each project against the financial outcome it is expected to produce. The report did not specify a publication date, investment amount or quantified return. It said initiatives involving real-time payments and treasury management should be assessed with explicit performance measures to ensure technology spending generates practical business value.