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

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