Bank of America had one patents in big data during Q3 2023. Bank of America Corp filed patents in Q3 2023 for various technologies. One patent is for a system that selects real-time communication channels and data processing channels based on user requests and connectivity parameters. Another patent is for a method of monitoring changes in coding data and generating code actions based on differences between stored code and an execution plan. Another patent is for reconciling data in a big data environment using metadata and SQL queries. Another patent is for a system that uses machine learning processing and distributed architecture for data processing. Lastly, there is a patent for a centralized computing system that interacts with data centers and edge servers to detect imminent shutdowns and send emergency data. GlobalData’s report on Bank of America gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Bank of America grant share with big data as a theme is 0% in Q3 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Real-time distributed communication channel and multiple data processing channel selection system (Patent ID: US20230269197A1)

The patent filed by Bank of America Corp. describes a system, computer program product, and method for real-time distributed communication channel and multiple data processing channel selection. The invention is designed to receive a request to access resources from a user input device via a communication channel. It retrieves connectivity and routing parameters associated with the communication channel and determines the communication channel requirements for the request. If the connectivity and routing parameters do not meet the requirements, the system captures geographic information associated with the user input device and determines an alternative communication channel that is available to the device. The system then generates a service level agreement for authorizing the user input device to access the resources via the alternative communication channel. The user is prompted to acknowledge the service level agreement, and upon receiving the acknowledgment, the system authorizes the request to access the resources via the alternative communication channel.

The system includes at least one processing device and a non-transitory storage device with computer-readable program code. The code enables the processing device to perform various functions, such as retrieving connectivity and routing parameters, determining communication channel requirements, capturing geographic information, generating a service level agreement, and authorizing the request to access resources. The system also includes a communication channel monitoring engine that retrieves connectivity and routing parameters for both the original and alternative communication channels. It ensures that the parameters of the alternative channel meet the communication channel requirements before authorizing access to the resources.

The system can display notifications on the user input device to inform the user about the status of the communication channels. If the original channel does not meet the requirements, a notification is displayed to indicate the denial of access. If the alternative channel meets the requirements, a notification is displayed with a prompt for the user to acknowledge the use of the alternative channel. The system can also determine a value for accessing the resources via the alternative channel using a dynamic channel pricing engine. It can display a notification with the value and an authorization request to automatically retrieve funds from an account associated with the user input device.

Overall, the patent describes a system and method for selecting the most suitable communication channel for accessing resources based on real-time monitoring of connectivity and routing parameters. It provides a seamless user experience by dynamically switching to an alternative channel when the original channel does not meet the requirements.

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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.