Bank of America to Invest $1.5mn in Charlotte Fintech Initiative

Bank of America says it will invest $1.5 million in a Charlotte fintech initiative over the next three years; the investment is the first for the city from a financial services company; regarding the investment, Cathy Bessant, Bank of America’s chief operations and technology officer, said: “Charlotte has proven to be a place where a sustainable company can be founded, emerge and grow. Fintech is a significant, new opportunity for Charlotte that connects our strong finance and technology infrastructure with innovatively minded people, creating tech jobs and new paths to economic mobility.”; Charlotte Mayor Jennifer Roberts is expected to publicly announce more details on the initiative in the next few months.  Source

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