Bank of America breaks company record for new Patents in 2020 led by AI and Digital Banking

Erica - Bank of America

Bank of America broke its record for new patents in 2020, with 444 granted patents and 722 applications filed. Those numbers are among the highest for the financial services industry for the year, according to the latest list from the Intellectual Property Owners Association. AI and machine learning patents making up nearly one in five of the total.

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