Bank of America had 153 patents in digitalization during Q2 2024. The Bank of America Corp filed patents in Q2 2024 for systems to predict, detect, and prevent unauthorized access events at ATMs, systems for item validation and image evaluation, ATMs interacting with mobile devices for banking services, and building a digital twin of a datacenter using edge-node computing. Additionally, a system architecture for enhancing redundancy of computer systems despite technical failures was also patented. GlobalData’s report on Bank of America gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Bank of America had no grants in digitalization as a theme in Q2 2024.
Recent Patents
Application: Electronic system for predicting, detecting, and preventing unauthorized access events associated with electronic systems (Patent ID: US20240211631A1)
The patent filed by Bank of America Corp. describes a system, computer program products, and methods for predicting, detecting, and preventing unauthorized access events in electronic systems. The system involves receiving alert messages from automated teller machines, determining the location of the machines, identifying nearby machines, and providing commands to prevent unauthorized access events. The system utilizes wireless networks, GPS technology, and machine learning models to analyze images and predict unauthorized access events.
The claims associated with the patent detail the specific functionalities of the system, including the use of 5G cellular networks, image capturing devices, machine learning models like convolutional and recurrent neural networks, and the communication of information between automated teller machines to prevent unauthorized access events. The system is designed to provide alerts, determine expected user routes, and execute commands to prevent unauthorized access events at multiple machines. Additionally, the patent covers computer program products and methods for implementing these predictive, detecting, and preventing measures in electronic systems.
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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.
