China Overtakes US in Fintech Patent Filings Over Past Decade
JH Kim
Summary
- China has become the world’s top filer of financial technology (fintech) patent applications over the past decade, surpassing the US.
- Chinese banks and technology companies are leading those patent filings and expanding their influence in digital finance.
- That has strengthened China’s competitiveness in digital finance segments including payments, lending, wealth management and cryptocurrencies.
Forecast Trend Report by Period
China has overtaken the US to become the world’s biggest filer of financial technology patents over the past decade.
Walter Bloomberg reported on July 6 that Chinese banks and technology companies have led the patent push, strengthening the country’s competitiveness in digital finance segments including payments, lending, wealth management and cryptocurrencies.
JH Kim
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