In today’s top digital-first banking news, Bank of America inventors filed a record number of patents, while Klarna is collaborating with cryptocurrency exchange Safello. Plus, Deutsche Bank has introduced a modern payment system for its Thailand customers to support local collections.
Remote Work Hasn’t Stopped Bank Of America Inventors From Filing Record Patents
Bank of America inventors filed an all-time high number of patents, with 722 applications filed with the United States Patent Office in 2020. Even though approximately 85 percent of BofA’s staffers have been telecommuting because of the COVID-19 pandemic, the bank was awarded 444 patents of the total applications sent in 2020.
Klarna Collaborates With Crypto Exchange Safello
Klarna is teaming with digital currency exchange Safello. “This is a match made in heaven. Klarna shares our vision of offering a superior user experience without compromising security and compliance. Besides, open banking is an exceptionally exciting area that will play a key role in our future plans,” Safello CEO Frank Schuil said in an announcement.
Deutsche Bank, 2C2P Roll Out Collections System In Thailand
Deutsche Bank has debuted a modern payment system for its Thailand clients to support local collections through 2C2P, a payments platform provider in Southeast Asia. 2C2P, which is based in both Singapore and Bangkok, runs across Asia, Europe and the United States. Deutsche’s corporate clients in Thailand can receive payments via various digital banking and non-banking channels through 2C2P’s platform, in addition to options such as WeChat Pay.
JPMorgan: Bitcoin Escalation Not Sustainable
The recent price escalations of the bitcoin cryptocurrency make it an unstable investment for the long-haul, J.P. Morgan said in a memo, according to a published report. Some supporters of the digital currency have contended that it’s “digital” gold and a solid investment in the midst of increasing inflation and a falling dollar value.
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