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First patent win for bank puts financials on their toes

Patrick Wingrove, London

A $200-million payment for USAA shows that financial companies are vulnerable to competitor patent claims and might need to build up their defensive portfolios, according to in-house counsel

With the first fintech patent suit launched by a bank ending in a $200 million damages order, financial services companies say they’re more keenly aware of the dangers and potential opportunities of patent litigation, although they are keeping an eye...

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