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In its recently issued Magazine, the NCFA published a piece on where Fintech IP is headed, as written by our team at Durand Lawyers.
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.
About us
Durand Lawyers brings Law & Business Together. We are a law and business advisory firm specialized in intellectual property, business strategy, as well as civil and corporate law. We are uniquely positioned to help clients in emerging technology industries such as FinTech, SaaS, blockchain and cannabis, employing both lawyers and experienced entrepreneurs to get the best possible outcomes. For more information visit our website at www.durand-lex.com. We are also involved with the LES and FORPIQ.
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[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.