Bank of America Amplifies Its Innovation Strategy with a Surge in AI and Machine Learning Patents

Bank of America Amplifies Its Innovation Strategy with a Surge in AI and Machine Learning Patents
2 months ago

In a significant move to bolster its technological edge, Bank of America (BofA) has announced a remarkable increase in its patent portfolio related to artificial intelligence (AI) and machine learning (ML). Over the past two years, the banking giant has successfully obtained a staggering 94 patents, a strategic endeavor aimed at redefining and revolutionizing the banking experience for its clients.

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DBS CEO Reveals Only 50% of Banks Are Advancing in Technology

DBS CEO Reveals Only 50% of Banks Are Advancing in Technology
2 months ago

In a recent announcement, DBS Group Holdings CEO Piyush Gupta emphasized the pressing need for banks to step up their technological advancements, revealing that only half of financial institutions are making satisfactory progress in this critical area. During an industry conference, Gupta shared insights on the challenges facing banks as they strive to keep pace with rapidly evolving digital finance landscapes.

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