Having boasted final yr of a report 227 patents, the financial institution has stepped up its efforts once more and now has 5556 patents pending or granted, greater than every other monetary providers firm.
Data safety accounts for 21% of the brand new patents, AI 20%, programming expertise 18% and funds 16%.
BofA’s patent portfolio is the work of 6500 financial institution inventors primarily based in 43 US states and 14 international locations around the globe, and throughout all eight strains of enterprise. Greater than 1 / 4 – 26% – of the financial institution’s inventors are girls.
Aditya Bhasin, chief expertise and knowledge officer, BofA, says: “The variety of our patent-winning portfolio represents the various experiences and distinctive views of greater than 6,500 inventors around the globe.
“Their want to handle consumer wants, safeguard consumer data and create new options that helps shoppers construct higher monetary lives drives our record-breaking patents streak.”
,Financial institution of America scored a report 341 US patents within the first half of 2022, a 50% year-on-year improve, with data safety and AI seeing probably the most motion.,
