CHARLOTTE — Bank of America Company stated it recorded essentially the most patents filed and granted within the first half of any yr within the firm’s historical past, in line with a Monday press launch.
The U.S. Patent Workplace granted the bank 184 patents through the first half of this yr, a 20 p.c enhance the prior yr. Nearly half of the patents are associated to synthetic intelligence, machine studying or info safety, the discharge notes.
Bank of America has utilized for 415 patents to date this yr, an organization report. The functions primarily revolve round banking improvements, together with cash switch, verify verification utilizing augmented actuality and cardless and device-less authentication.
“These numbers demonstrate our unmatched commitment to innovation,” stated Cathy Bessant, Bank of America’s chief operations and expertise officer. “Simply put, it is part of everyone’s job who works here. We do not have an innovation lab or an innovation team. It is in our DNA that every day we ask what we can do to improve our clients’ financial lives.”
What’s extra, the information had been achieved whereas greater than 85 p.c of the corporate’s staff make money working from home as a result of world coronavirus pandemic.
Bank of America, the second-largest U.S. bank by belongings, holds 4,277 patents granted or utilized for in its portfolio, created by greater than 5,600 buyers within the U.S. and 12 nations. Of these inventors, 26 p.c are ladies, double the typical for different corporations globally and within the U.S.
The discharge is out there right here.
This story is from the North Carolina Enterprise Information Wire, a service of UNC-Chapel Hill’s Faculty of Media and Journalism