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Bank of America gained 418 technology patents in 2019

Bank Innovation

Bank of America obtained more patents last year than any other year in the history of the company. In 2019, company obtained 418 patents, a 31% increase over the prior year. According to the bank, patents protect the bank’s tech investments.

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Bank of America customers sent $27 billion through Zelle in Q1  

Bank Innovation

Bank of America customers are shifting toward digital tools. Paul Donofrio, Bank of America’s chief financial officer, said in a statement that despite the […].

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U.S. Bank Chief Innovation Officer Dominic Venturo Talks Digital Strategy

Bank Innovation

One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Innovation spoke with U.S Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on which direction the bank is headed, digitally. Bank Innovation: Last quarter we reported that U.S.

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Digital and human: Inside BofA’s small business strategy

Bank Innovation

However, for Bank of America, a “human-digital” approach is the cornerstone of its small business banking approach. It’s a strategy that’s yielding results for the bank. As of this year, Bank of America said it surpassed Wells Fargo as the nation’s top small business […].

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Mike Mayo keeps the hoodie on as banks turn to tech

Bank Innovation

Bank of America Corp. Wall Street’s focus on Silicon Valley has helped lift shares of Citigroup Inc., and JPMorgan Chase & Co. to new highs and is likely to keep fueling gains for the biggest bank stocks, according to analyst Mike Mayo. I’m living in my hoodie” as long as tech keeps boosting banks’ revenue […].

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Afterpay taps Marqeta to fuel US growth strategy

Bank Innovation

Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. Australia-based Afterpay operates in several countries, including the U.S., and allows merchants to give shoppers a digital layaway option through installment payments.

Strategy 293
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4 business challenges of COVID-19 and solutions to fight them  

Bank Innovation

The company, which provides guidance to senior management of financial institutions in the Americas, shed light on potential solutions to some of the business implications stemming from the COVID-19 outbreak in a white paper shared […].

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