- “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”
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