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Bank of America gained 418 technology patents in 2019

Bank Innovation

In 2019, company obtained 418 patents, a 31% increase over the prior year. “Patents are not always about excluding others from using [the technology]; oftentimes, patents are […]. Bank of America obtained more patents last year than any other year in the history of the company.

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Register for Bank Innovation Ignite 2019

Bank Innovation

Bank Innovation is pleased to announce its first conference for the coming year, Bank Innovation Ignite 2019. Bank Innovation Ignite is designed for fintech professionals and innovation executives at banks to learn about emerging technologies. This conference will be held in Seattle on March 11-12.

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Payments Execs On 2019’s Payments Innovation Watershed

PYMNTS

Only a few months into 2019, the year is already shaping up to offer a bit of a watershed in how we pay and how we get paid. As the 2010s roll off into the 2020s, the fact remains that technology is blurring the lines that used to exist before the (continuing) digitization of commerce.

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Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019.

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Digital Technologies Drive Innovation In Retail, Banking

PYMNTS

Technologies such as artificial intelligence (AI) and video onboarding have shown promise in facing identity fraud, but each is vulnerable when implemented on its own. 80K: Number of global regulatory updates in 2019 with which banks must comply to avoid fines. 22%: Rise in identity thefts targeting seniors between 2018 and 2019.

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How Technology And Market Trends Spawn Innovation

PYMNTS

In restaurant technology, cloud kitchens have emerged as a new model driven by the rise of online ordering. And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). All this, Today in Data. Data: $525M: Approximate valuation of cloud company kitchen Rebel Foods Pvt.

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Bank of America to Invest $500 Million in Technology to Drive Innovation and Sales

Bank Innovation

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today.

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