The Promise of FinTech IP ... Not "Promise Doctrine"
In its recently issued Magazine, the NCFA published a piece on where Fintech IP is headed, as written by the Durand Lawyers team.
Where is FinTech IP headed?
Major activity in the Fintech space is increasingly making headlines that cause even the most casual observer to take notice. In Canada, the buzz surrounding Fintech’s most promising solutions has reached a new pitch with the news of the NASDAQ’s acquisition of Newfoundland and Labrador based company Verafin, a company specializing in fraud detection systems, on November 19, 2020 for a cool $2.75 billion USD.[1]
FinTech’s prominence on the national stage, as well as the economic potential it clearly represents, is set to only continue rising. Not only has use of FinTech in Canada increased from 8 percent in 2015 to 50 percent in 2019[2], but research has also recently suggested that “FinTech innovations yield substantial value to innovators, with blockchain[3] being particularly valuable.”[4]
Want to read more? Follow this link to the article within the NCFA Magazine!
Need more information on Fintech IP, we’re here to help.
Not legal advice – hyperlinks
The content on this website is provided solely for information purposes and does not constitute legal advice, professional advice or similar opinion. If you believe you require legal assistance, do not hesitate to contact us. The links contained on this web site which link to third party web sites are not monitored by Durand Lawyers. Links are provided for information and convenience only.
[1] https://www.nasdaq.com/press-release/nasdaq-to-acquire-verafin-creating-a-global-leader-in-the-fight-against-financial (Press release of November 19, 2020).
[4] Chen et als., How Valuable Is FinTech Innovation? The Review of Financial Studies, Volume 32, Issue 5, May 2019, Pages 2062–2106, https://doi.org/10.1093/rfs/hhy130, available at: https://academic.oup.com/rfs/article/32/5/2062/5427776.
