Fintech, the word, is a combination of financial technology. Ultimately, the goal of fintech is to make financial services less expensive and more flexible per transaction. The biggest promise potentially lies in reaching the so-called unbanked and unbanked. Although the industry evokes images of startups and industry-changing technology, traditional companies and banks are also constantly adopting fintech services for their own purposes.
What is the purpose of fintech?
Fintech, the word, is a combination of financial technology. Ultimately, the goal of fintech is to make financial services less expensive and more flexible per transaction.
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What type of intellectual property does a patent protect?
The Patent and Trademark Office grants ownership rights to original inventions, from processes to machines. Patent law protects inventions from use by others and grants exclusive rights to one or more inventors.
How can intellectual property be protected without copyright?
Trademarks Trademarks may protect words, phrases, symbols, and logos that identify a person's products or services. The registration of a trademark can last forever, as long as it is still used in business and is renewed every 10 years.
Is fintech good or bad?
FinTech has a huge opportunity for both e-commerce customers and companies that need to grow to meet the surge in online demand. It seems that there is a whole new market of companies looking for FinTech applications that help them adapt their businesses to the digital world.
What type of intellectual property is a patent?
Type 2 — Patents According to the United States Patent Office, “An invention patent is the grant of a property right to the inventor. Typically, this patent has a duration of 20 years since the inventor attempts to patent his invention by filing with the United States Government.
