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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. “Patents are not always about excluding others from using [the technology]; oftentimes, patents are […]. In 2019, company obtained 418 patents, a 31% increase over the prior year.

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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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How Nearshore Software Development is Helping Healthcare Companies Innovate

Perficient

While the healthcare industry has long embraced technology, the demand to innovate and adapt quickly has grown exponentially in 2020 and into 2021. This has created an even greater demand for healthcare companies to incorporate more innovative technologies and build custom products to stay competitive within the market.

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Midsize Banks Need To Have Technology Innovation to Stay Relevant

Bank Innovation

Banks need to update their legacy systems and modernize their technology, no surprise there. That would be 79% of operations leaders in North America banks, according to a recent report by Accenture. But just how many operational leaders at banks think their institution’s survival depends on it? That’s four out of five banks.

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Where In the World Is Fintech Innovation?

Bank Innovation

It turns out nations beyond America today are increasingly generating more significant financial technology innovation, especially in artificial intelligence. Location matters. Even in fintech. Canada is an example.

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Real-Time Innovators Bring Data To Corporates

PYMNTS

Increasingly, those value-added services are not only focusing on speed of payment, but also enhancing the data that end-users can access about their transactions, with new solutions from Bank of America and Scotiabank some of the latest to bring real-time rails to corporates. Visa Talks Payment Rail Innovation.

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Bank of America Says ‘No’ to BofA Pay (For Now)

Bank Innovation

Bank of America said “No” to innovation labs last year. “We want to be in an open wallet ecosystem,” Hari Gopalkrishnan, client-facing platforms technology CIO at Bank of America Merrill Read More. This year, while rivals JPMorgan Chase and Wells Fargo & Co.

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