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Keeping a pulse on activities around innovations in Banking and Payments sector is the key ingredient in informing strategies and making key business decisions. Corroborating signals from various business activities and further deducing key performance indicators, creates a 360Β° view around whoβs and whatβs of sector relevant innovations.
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The trendline shows the deals activity related to the innovation by month for this industry. The count represents the number of deals in the last completed 12 months.
The trendline shows the granted patent activity by month for this industry. The count represents the number of patents that were granted in the last completed 12 months.
Research and innovation in fintech in the major banks, central banks, and non-bank competitors sector has declined in the last year. The most recent figures show that the number of fintech related patent applications in...
Research and innovation in cybersecurity in the major banks, central banks, and non-bank competitors sector has declined in the last year. The most recent figures show that the number of related patent applications in the...
Innovations applied for IP protection tracks new noteworthy patent applications published recently in the Banking and Payments sector including ground-breaking technologies and the companyβs technological and strategic shift towards adoption of new technologies.
Mastercard is working on crypto payments using existing point-of-sales devices. This works when customer presenting their card to make a fiat payment and an assessment is done by issuer if crypto payment is possible or not and if yes, issuer will initiate a crypto transaction with an exchange, where it will convert the crypto into the exact fiat required. The merchant will in turn receive fiat for the transaction, while the consumer would have spent crypto
Paypal has the patented a system/method that allows a payer to electronically transfer money while in a phone call with a payee. By providing a payment button on the in-call screen and/or on the phone, the payer can conveniently access a payment service provider to complete a transaction while still on the phone. Also, by instantly notifying the payee, the payee can be assured that a payment has been received even before ending the phone call.
Identity verification firm Jumio Corporation of Palo Alto, CA has been issued a patent, claiming a system for monitoring financial transactions involving cryptocurrencies for suspected criminal behavior. Systems and methods configured for monitoring and analyzing financial transactions on public distributed ledgers and correlate third-party information with transaction addresses; label, cluster and assign a level of risk regarding suspicious and/or criminal activity to the transactions and addresses.
GlobalDataΒ captures news, deals, filings, jobs, patents, and social media signals etc. and gathers the activities around innovation-led initiatives supported in the respective organizations. Our analysis suggests that Honeywell International IncΒ has been most upfront in adopting emerging technologies amongst its peers.
Data from March 2017 onwards
Note: GlobalData captures various data sets such as deals, filings, jobs, patents. Each data set score is combined (π₯π πππππ) to provide an overall weighted-average exposure score. The scores are then used to show the colors on the heat map and represent the level of exposure in which a darker shade represents higher levels of exposure while a lighter shade represents lower levels of exposure. Each cell in any respective column indicates the relative Company Investment Intensity of the ten tech themes compared across the list of companies for that theme.
| Themes | Deal Value(US$m) |
|---|---|
| Big Data | 166,762.8 |
| Cloud | 152,857.8 |
| Blockchain | 88,399.8 |
| Artificial Intelligence | 77,984.7 |
| Internet of Things | 66,421.6 |
| Cybersecurity | 58,771.1 |
| Virtual and Augmented Reality | 14,753.1 |
The sectorial representation of the Banking and Payments industry based on growth in patenting activity and number of deals show, Payments as the emerging sector. Having less patent records, Lending, marks presence as the innovation sector with highest growth in patenting activity and deal size.
Data from March 2017 onwards
Note: Bubble size represents the number of deals for that sector during the past five years.
| Sectors | No of Deals |
|---|---|
| Lending | 16,726 |
| Payments | 13,332 |
| Cards | 8,526 |
| eCommerce & Online Payments | 2,731 |
| Bank Transfers | 2,695 |
| Mutual Funds | 1,863 |
| Mobile and Electronic Wallets | 1,852 |
| Exchanges | 1,386 |
| Card Security | 228 |
| POS | 92 |
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