Bank of America Pushes Innovation with Patents

Bank of America earned 418 patents in 2019, which is 100 more than the 318 they earned in 2018 and more than any other bank; Bank of America now holds more than 3,900 patents and applications as they have proven to be one of the most innovative financial institutions in the world; one of the biggest project the bank is working on is a public cloud for financial firms with IBM; according to Business Insider the forthcoming service will be tailored to the cloud computing needs of banks, with features like automated security tools and top-level encryption, in which data is converted into code to restrict unauthorized access; the company is also known for their automated assistant Erica which has amassed more than 10 million users since launching in 2018. Business Insider

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]