Bank of America has a total of 7432 patents globally, out of which 3884 have been granted. Of these 7432 patents, more than 59% patents are active. USA is where Bank of America has filed the maximum number of patents, followed by Hong Kong and India, it has generated an annual revenue of $85.5 billion in the year 2020. Parallelly, USA seems to be the main focused R&D center and is also the origin country of Bank of America.
Bank of America was founded in the year 1998 by Amadeo Giannini and Bill Goede. Bank of America is a multinational investment bank and financial services holding company based in North Carolina, United States. As of March 2022, Bank of America has a market cap of $335.66 Billion.
Do read about some of the most popular patents of Bank of America which have been covered by us in this article and also you can find Bank of America’ patents information, the worldwide patent filing activity and its patent filing trend over the years, and many other stats over Bank of America’ patent portfolio.
How many patents does the founder and the CEO of Bank of America have?
The founders, Amadeo Giannini and Bill Goede, have 0 patents. The CEO, Brian Moynihan, has 0 patents.
How many patents does Bank of America have?
Bank of America has a total of 7432 patents globally. These patents belong to 5020 unique patent families. Out of 7432 patents, 4459 patents are active.
How many Bank of America patents are Alive/Dead?
Worldwide Patents
Patent Families
How Many Patents did Bank of America File Every Year?
Are you wondering why there is a drop in patent filing for the last two years? It is because a patent application can take up to 18 months to get published. Certainly, it doesn’t suggest a decrease in the patent filing.
| Year of Patents Filing or Grant | Bank of America Applications Filed | Bank of America Patents Granted |
| 2011 | 619 | 114 |
| 2012 | 537 | 223 |
| 2013 | 441 | 304 |
| 2014 | 503 | 258 |
| 2015 | 455 | 258 |
| 2016 | 564 | 286 |
| 2017 | 444 | 298 |
| 2018 | 447 | 321 |
| 2019 | 615 | 417 |
| 2020 | 624 | 436 |
| 2021 | 104 | 506 |
| 2022 | – | 103 |
How Many Patents did Bank of America File in Different Countries?
Countries in which Bank of America Filed Patents
| Country | Patents |
| United States Of America | 6198 |
| Hong Kong (S.A.R.) | 155 |
| India | 120 |
| Europe | 103 |
| United Kingdom | 99 |
| Canada | 90 |
| Singapore | 58 |
| China | 57 |
| Australia | 52 |
| Mexico | 47 |
| New Zealand | 17 |
| Brazil | 15 |
| Germany | 10 |
| Japan | 10 |
| France | 8 |
| Korea (South) | 6 |
| Austria | 5 |
| Costa Rica | 4 |
| Philippines | 4 |
| Norway | 2 |
| Spain | 2 |
| Taiwan | 2 |
| Israel | 1 |
| Ukraine | 1 |
| Saudi Arabia | 1 |
Where are Research Centres of Bank of America Patents Located?
10 Best Bank of America Patents
US6609200B2 is the most popular patent in the Bank of America portfolio. It has received 480 citations so far from companies like IBM, Fujitsu, and Microsoft.
Below is the list of 10 most cited patents of Bank of America:
| Publication Number | Citation Count |
| US6609200B2 | 480 |
| US6456938B1 | 480 |
| US20110010292A1 | 287 |
| US6421080B1 | 279 |
| US20100114731A1 | 268 |
| US20140156527A1 | 264 |
| US6708176B2 | 256 |
| US20020029200A1 | 239 |
| US20110270618A1 | 236 |
| US20110246306A1 | 229 |
Which Companies are using Bank of America Patents to Advance their Research?
If patents or patents from a particular technology area of a company receive a lot of citations, it implies that the technology is being followed and incrementally innovated by the citing companies. It also indicates that citing companies are working on similar and closely related technologies.
The top citing companies in the Bank of America patent portfolio are IBM, Mastercard, and Chase Bank.
List of the top forward citing Companies –
| Company | Number of Patents |
| IBM | 341 |
| Mastercard | 255 |
| JP Morgan Chase Bank | 152 |
| Paypal | 144 |
| Microsoft | 144 |
| Capital One Services | 140 |
| Visa | 86 |
| Wells Fargo | 75 |
| 62 | |
| Amazon | 61 |
Count of 102 and 103 Type Rejections based on Bank of America Patents
Top Bank of America Patents used in Rejecting Most Patent Applications
| Patent Number | Count of Rejected Applications |
| US8984610B2 | 27 |
| US8028896B2 | 27 |
| US8504456B2 | 24 |
| US20170140408A1 | 24 |
| US7319986B2 | 21 |
| US20130046692A1 | 21 |
| US20120197797A1 | 21 |
| US8688594B2 | 20 |
| US20120233003A1 | 19 |
| US20100100424A1 | 19 |
| US20100024017A1 | 19 |
| US8811711B2 | 18 |
| US8782201B2 | 18 |
| US8668498B2 | 18 |
| US20170132630A1 | 18 |
Artificial intelligence (AI), machine learning, and information security are covered by over half of the company’s recent patents.
One patent, a system for forecasting resource utilisation, is utilised to look at anticipated future balances based on your history spending pattern and assist in making intelligent forecasts and recommendations to their clients based on such trends.
Erica, the industry’s first publicly available artificial intelligence-driven virtual assistant to help clients manage their accounts, is one of the company’s revolutionary products and services that is changing the banking sector.
Merrill Guided Investing (MGI) is an online advising service led by their Chief Investment Office that provides portfolio management solutions.
EXCLUSIVE INSIGHTS COMING SOON!
What are Bank of America’s key innovation segments?