IPOS to fast track Fintech patents in 6 months

The Intellectual Property Office of Singapore (IPOS) has launched a new FinTech Fast Track initiative to expedite patent application-to-grant process for FinTech inventions. FinTech patent applications can be expected to be granted in as quickly as six months, compared to at least two years for normal applications.

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A Nike patent could have your athletic wear looking like Iron Man’s suit

Fitness apparel companies have struggled for years to find ways to help outdoor athletes maintain a constant core temperature in both hot and cold temperatures. By keeping their core temperature at a consistent level, performance is improved over longer distances and extended periods of time, but changing weather conditions can make that a challenge. Now, Nike has received a patent on a high-tech approach to overcoming this problem, potentially creating an entirely new category of workout clothing.

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greenip-How IP Rights Empower Women

How IP Rights Empower Women

In many parts of the world, women are not treated equal to men under the law. From owning land to obtaining inheritance, women are at a disadvantage. Stronger intellectual property protections can help alleviate this discrepancy. When IP rights are strongly protected, the rights of women are protected as well. For example, the countries with the strongest protection of copyrights also tend to have the highest paid actresses and female artists.

April 26 is commemorated as World IP Day by WIPO, the World Intellectual Property Organization. This year, World IP Day’s theme “Powering change: Women in innovation and creativity” will celebrate women and their role in shaping the future of society.

Elena Panaritis, author of Prosperity Unbound, founder and CEO of Thought 4 Action, explains that practice shows that women become more civically involved in the politics of their community and country, as well as and powerful market players, leaders of innovation and middle class once they are given secure ownership of their property rights. Women's involvement increases over 53% in such countries.

The protection of IP rights restores this financial incentive to create and innovate, by giving owners and content creators exclusive power over their creations. For women, this is of huge importance. Statistics have shown that countries with stronger IP rights tend to have stronger measures of gender equality. “Women in the economy are a powerful force for change and leadership. Intellectual property rights when used correctly can advance entrepreneurship by enabling women who develop innovative ideas and products to secure financing, signal their innovation, and negotiate access to the IPRs held by others. IP systems should recognize and protect creativity in all its forms, including contributions from traditional and indigenous knowledge developed by women,” said Prof. Walter G. Park, of American University and author of the Patent Index.

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After Rejecting Litepay, Mastercard Patents Its Own Blockchain Technology

Blockchain technology is gaining traction amongst mainstream financial service providers as the technology guarantees security, decentralization, cheaper transaction fees and faster ways of sending funds across the globe. Mastercard has also not been left behind in these developments. This is after it was rumored as being one of the payment card providers that refused to support Litecoin (LTC) and its Litepay project.

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Oppo patents underscreen fingerprint scanner

The first company with a fingerprint scanner under the display was vivo with the X20 Plus UD, swiftly followed by the Huawei Mate RS Porsche Design. Oppo is expected to be the next Chinese manufacturer to jump on the bandwagon after receiving a patent for the technology from the State Intellectual Property Office of China (SIPO).

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U.S. wants patent form recall

The United States Patent and Trademark Office (USPTO) has demanded the elimination of ‘Form 27’— a statutory requirement unique to India’s patent law that mandates patent holders to declare how a monopoly is being exercised in the country.

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