RPC research reveals patents at a seven-year low
Increasingly tough worldwide financial regulation could be behind the fall in the number of financial patents to a seven-year low, according to research by law firm RPC.
The research showed that there were 3,500 applications for financial patents last year, around 20% below the 2009 peak, according to the Financial Times.
“Innovation in financial services seems to have been a victim of the cost cutting that financial services groups have been forced to undergo in recent years,” said RPC partner David Cran.
But Cran added that new technologies such as mobile banking and electronic money could boost innovation.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
No comments yet