Law360, New York (November 20, 2015, 10:28 AM EST) -- Like other traditional industries, a digital revolution for financial services is underway. Financial technology, or "fintech," is an accelerating technical sector. Competitors are forming constructive partnerships to collaborate and efficiently develop and deploy new fintech products and services. Open collaboration and interoperability can be built on clearly defined intellectual property boundaries. Patents for core technology provide a mechanism to exclude others from making, using or selling the patented technology. A company may permit use of patented technology by third parties or contribute to a patent pool using various licensing arrangements. However, recent case law and patent office guidelines make obtaining global patent protection for fintech more complex....
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