Bank of America's Wild Patents on Live-Video Analysis Could Reinvent Mobile Banking, Shopping and More

BaltimoreSun.comreports that a bunch of new patent applications from Bank of America reveal that the company’s R&D lab has been working on new mobile technologies that would enable smartphone users to analyze their environment with their smartphone’s video camera; recognize the objects around them, including those with embedded sensors; and generate automatic budgeting and wish lists.


The North Carolina banking powerhouse is known within the banking industry for its innovative research and development lab, headed by Matthew Calman. It appears from the patent filings that Calman and an alumni of MIT’s Media Lab, Erik Ross, teamed up over the last couple years to develop technologies tied to augmented reality, object recognition and live video stream analysis.

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