Research and innovation in fintech in the military equipment and technologies sector has declined in the last year.
The most recent figures show that the number of fintech related patent applications in the industry stood at ten in the three months ending July – down from 23 over the same period in 2021.
Figures for patent grants related to fintech followed a similar pattern to filings – shrinking from 27 in the three months ending July 2021 to six in the same period in 2022.
The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.
Fintech is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The figures also provide an insight into the largest innovators in the sector.
Thales was the top fintech innovator in the military equipment and technologies sector in the latest quarter. The company, which has its headquarters in France, filed five fintech related patents in the three months ending July. That was down from 12 over the same period in 2021.