USAA, the military-focused bank famous for suing rivals over mobile check deposit tech, is pivoting from courtroom battles to collaboration—announcing a landmark licensing deal with Bank of America to jointly share patents in AI, machine learning, and security innovations. After years of legal showdowns—including a $300 million win against Wells Fargo—they’re now embracing partnership to protect their inventions while driving industry-wide progress. Both banks see this as a win-win: USAA safeguards its innovations, Bank of America fuels customer-centric innovation, and together, they’re reshaping banking’s future through shared tech.
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