Bank of America had seven patents in cloud during Q1 2024. Bank of America Corp filed patents in Q1 2024 for a system to establish network communication between users, a method for virtualizing non-fungible tokens, and apparatus and methods for dynamically scaling and orchestrating services over a network. The first patent involves merging calls between users and clients, the second patent involves authenticating resource transfer requests using NFTs, and the third patent involves creating network clusters to grant access to network services. GlobalData’s report on Bank of America gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
Bank of America grant share with cloud as a theme is 57% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: System and method for implementing a cloud-to-enterprise voice application gateway (Patent ID: US20240106872A1)
The patent filed by Bank of America Corp. describes a system for establishing network communication between users by routing calls to endpoint devices and user equipment. The system receives requests to establish calls, determines the availability of the endpoint device, and routes calls accordingly. It merges calls to establish communication between users and clients. The system also allows for the establishment of calls between clients and agents based on service types, routing calls to available agents and merging them to facilitate communication.
The system utilizes a private network infrastructure to establish communication channels between devices, such as SIP phones and telephone devices. It involves querying network nodes to determine device availability and control functionalities through computer-telephony integration APIs. The method and computer-readable medium associated with the system follow a similar process of receiving requests, determining device status, routing calls, and merging them to facilitate communication between users, clients, and agents based on service types. The system aims to streamline the process of establishing network communication and facilitating calls between multiple parties efficiently.
To know more about GlobalData’s detailed insights on Bank of America, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
