In today's fast-paced world, intellectual property (IP) management is evolving at an exponential rate, driving groundbreaking innovations and emerging trends that are transforming industries. From artificial intelligence to blockchain technology, recent patent advancements are revolutionizing the global landscape. Let's explore one of my latest press releases on the New Fintech Patent Quality Index, highlighting how the US is leading global patent innovation and shaping the future of fintech.
A groundbreaking new study from the Centre for Finance, Technology, and Society at NBS highlights the United States as the dominant force in fintech patent innovation, leading in both volume and quality of registered patents. The research, which analyzed global patent trends, found that the US accounted for 39.5% of registered fintech patents, far outpacing other major jurisdictions, including China (15.5%), South Korea (12.2%), Japan (7.8%), and Europe (7.1%).
The study also observed a significant increase in the rate and quality of patents in the US between 2016 and 2020, with South Korea showing notable growth in fintech-related patent claims. The findings provide crucial insights into the evolving landscape of financial technology, particularly in areas such as e-commerce, digital identity verification, payment protocols, and electronic wallets.
To support the development and strategic use of fintech intellectual property (IP), NBS has introduced the Fintech Patent Quality Index (FPQI)—a pioneering tool designed to assess the quality and value of patents in the sector. The FPQI offers a robust framework for policymakers, investors, and industry leaders to better understand IP assets, identify high-value patents, and navigate mergers, acquisitions, and partnerships.
Dr. Milad Dehghani, lead researcher and senior research fellow at NBS, emphasized the growing importance of patent valuation in fintech:
“Patents in the fintech sector are being awarded at an accelerating pace; however, due to the early stage of technology progress in some fintech fields, patents may be linked to indefensible claims and capital raising rather than legitimate technical or business purposes.
So, as the fintech sector evolves, the valuation of organisations with fintech activities and IP strategies will likely become more critical. The FPQI provides a significant informational and strategic resource for organisations, enabling them to identify high-quality patents, assess potential partnerships, and make informed investment decisions.”
With the fintech industry continuing to expand, the FPQI is set to become a crucial tool for businesses, investors, and regulators, offering key insights into the quality of fintech-related IP across global markets.
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