Bank of America scored 418 technology patents in 2019

  • “In 2019, the company obtained 418 patents, a 31% increase over the prior year.
  • Bank of America spends $10 billion annually on technology, $3 billion of which is on growth initiatives

Among the patents the bank obtained in 2019, notable areas included:

  • 101 patents dedicated to programming technology
  • 61 in the information security category
  • 45  in online/mobile banking
  • 40 in artificial intelligence and machine learning
  • 15 patents in the realm of blockchain and distributed ledger technology”

Photo credit: Mike Mozart/ Flickr

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