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Innovations in Banking and Payments Sector

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 360° view around who’s and what’s of sector relevant innovations.

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Deals

Deals Volume
3

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.

Patents

Patents
19,333
3.00% MoM

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.

Latest News

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Innovations Applied for IP Protection Recently

Innovations applied for IP protection tracks new noteworthy patent applications published recently in the Banking and Payments sector including ground-breaking technologies and the company’s 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.

Latest Venture Financing
  • BetterInvest
    $0.35M
  • Zilch Technology Limited
    SeriesC $50M
  • Entrepreneur First
    SeriesC $158M
  • FNZ Group
    SeriesA Undisclosed
  • Ophelos Limited
    $6.12M
  • BetterInvest
    $0.35M
  • Zilch Technology Limited
    SeriesC $50M
  • Entrepreneur First
    SeriesC $158M
  • FNZ Group
    SeriesA Undisclosed
  • Ophelos Limited
    $6.12M

Case Studies Involving Key Innovations

Spotlight

Honeywell International Inc, Booz Allen Hamilton Holding Corp and Sumitomo Corp are amongst the top companies who are fastest in embracing disruption caused by emerging themes and creating value

GlobalData  captures news, deals, filings, jobs, patents, and social media signals etc. and gathers the activities around innovation-led initiatives supported in the respective organisations. Our analysis suggests that Honeywell International Inc has been most upfront in adopting emerging technologies amongst its peers.

Cloud , Big Data and Blockchain are the themes attracting most investment in the last five years

Data from March 2017 onwards

Note: GlobalData captures various data sets such as deals, filings, jobs, patents. Each data set score is combined (𝑥𝑠𝑐𝑎𝑙𝑒𝑑) to provide an overall weighted-average exposure score. The scores are then used to show the colours 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)
Cloud 151,719.1
Big Data 124,093.5
Blockchain 97,002.8
Artificial Intelligence 80,569.6
Internet of Things 66,187.4
Cybersecurity 52,724.8
Virtual and Augmented Reality 17,053.1

Payments is driving the growth in Banking and Payments space

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.

Lending and Payments are the leading sectors with more than 12 thousand deals in last five years

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 16,156
Payments 12,953
Cards 8,222
eCommerce & Online Payments 2,726
Bank Transfers 2,606
Mobile and Electronic Wallets 1,837
Mutual Funds 1,821
Exchanges 1,345
Card Security 218
POS 92
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