Financial Institutions Face Fork in Patent Road
Large banks have a reputation for being slow to change. However, in the past decade, the financial services industry has seen the wholesale adoption and implementation of new technology as firms...
View ArticleMajor Banks Innovating to Increase Consumer Security
Today, we’ve profiled an assortment of patent applications and issued patents coming out of the U.S. Patent and Trademark Office that are assigned to Citigroup Technology of New York, NY; The Bank of...
View ArticleInnovation Focus: Financial Sector Giants Like Patents Too
Rather than profile a single company we looked at patents and patent applications from the likes of Bank of America, American Express, Capital One and more. Our recent review of the sector continues to...
View ArticleBig Banks Get Software Patents Despite Alice
There are plenty of patents being issued to these giants of the banking industry which protect methods of processing transactions or performing other services through computer technologies. This year’s...
View ArticleJPMorgan Chase Software Patent Portfolio Grows Larger
What really caught our attention were the patent claims JPMorgan Chase recently obtained. Many of the claims cover computer implemented processes, while many are clearly drawn to software innovations...
View ArticleI Thought Banks Didn’t Like Financial Software Patents?
The big banks have backed Schumer for years, which makes sense since he is the senior Senator from the States of New York, which is where all the bankers are located (i.e., on Wall Street). But given...
View ArticleBanks struggle to keep up as cybersecurity risks increase
Regulations will likely start rolling out in the coming year starting at the state level. In May of last year, for example, the New York State Department of Financial Services released a report which...
View ArticleBank of America patents mobile banking programs and video ATM terminals
Mobile devices were the subject of a pair of recently issued Bank of America patents recently. It was at least a little intriguing, however, that the invention relates more to personal security than...
View ArticleThe Top 10 Patents Issued in 2015
2015 was a truly remarkable year for innovation and we saw major trends in self-driving cars, wearable technologies, digital wallets and much more. I hope you will enjoy this top 10 listing, which...
View ArticleBoA innovations cover security for financial transactions, wearable payment...
Many of the patents we noticed in our recent survey of BofA technologies are related to enhanced security methods for financial transactions, such as the innovation protected by U.S. Patent No....
View ArticleWhat’s the big deal: Big data in the financial services sector
Customers, myself included, are used to the customer-centric technologies experienced in other 'digitized' sectors like publishing or music - these have had to adapt to the digital revolution early....
View ArticleIs being called a ‘patent troll’ defamatory? NH inventor files suit against...
In a New Hampshire State Superior Court, this so-called 'patent troll' has decided to fight back. Automated Transactions and Dave Barcelou have filed a defamation complaint against the crème de la...
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