From humble beginnings in western Nebraska, Bank of America employee thrives at coming up with innovations
Growing up in western Nebraska, Joe Castinado, the son and grandson of migrant farm workers from Mexico, worked in feedlots and helped in the bean and sugar beet fields. His family valued hard work and education.
In 2021, Bank of America was granted 512 patents, a record for the company and up 16% from 2020. They include new developments in artificial intelligence, data analytics and payments. “We think this approach encourages ideas to emerge organically and in direct response to a client need or challenge,” Kendall said.
He said most of his patents include co-authors. His inventions largely focus on innovations in how payments are made and transferred. Castinado said a lot of his inspiration comes from looking at everyday problems “that we think somebody has already solved.”
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