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Showing posts with the label FinTech

Trade Marks: Wirex Ltd v Cryptocarbon Global Ltd

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Author Martin E Walder   Licence CC BY-SA  3.0   Source Cryptocurrency   Jane Lambert Intellectual Property Enterprise Court (HH Judge Hacon) Wirex Ltd v Cryptocarbon Global Ltd and others [2021] EWHC 617 (IPEC) (16 March 2021) This was an action for trade mark infringement and a counterclaim for a declaration that the registration of that mark was invalid and passing off.  The action and counterclaim came on for trial before His Honour Judge Hacon on 26 Jan 2021.  His Honour dismissed the counterclaim and gave judgment to the claimant on 16 March 2021 (see  Wirex Ltd v Cryptocarbon Global Ltd and others [2021] EWHC 617 (IPEC) (16 March 2021). The Mark The mark in suit was  CRYPTOBACK  which the claimant Wirex Ltd,  had registered for a large range of goods and services in classes 9, 36 and 42 under registration number UK00003307327 with effect from 28 April 2018.  Wirex used that mark in relation to a credit card incentive ...

Fintech Patents - Communisis Plc v The TALL Group of Companies Ltd

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  Jane Lambert Intellectual Property Enterprise Court (HH Judge Melissa Clarke) Communisis Plc v The TALL Group of Companies Ltd and others [2020] EWHC 3089 (IPEC) (17 Nov 2020) This was a claim for patent infringement and a counterclaim for revocation on grounds of obviousness and excluded matter. The action and counterclaim came on for trial before Judge Melissa Clarke on 14 and 15 July 2920. By her judgment of 17 Nov 2020 she found the patent to be invalid and not to have been infringed (see  Communisis Plc v The TALL Group of Companies Ltd and other s [2020] EWHC 3089 (IPEC) (17 Nov 2020). The Parties The claimant was Communisis Plc, the proprietor of UK patent no GB2512450   entitled "A method of generating a payment/credit instrument", the patent in suit.  The defendants were The TALL Group of Companies Ltd and its wholly-owned subsidiaries, Checkprint Ltd, and DLRT Limited.  Each party manufactures cheques, cheque books and cheque fraud prevention systems...

Accelerator Resources

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Standard YouTube Licence Jane Lambert Accelerators are a way of helping new businesses to establish themselves.  They are short programmes that last between 4 and 12 months in which groups of entrepreneurs known as "cohorts" refine their business plans and are given the skills, knowledge and connections they need to succeed.  NESTA (the National Endowment for Science, Technology and the Arts) published a research paper and directory of accelerators and incubators last year which I discussed in  Business Incubators and Accelerators Directory   20 April 2017 NIPC News. On 22 April 2017 I discussed the  Accelerators and Incubators in the Leeds City Region   in IP Yorkshire and on the 24 I considered those in Sheffield in  Accelerators and Incubators in the Sheffield City Region .   I also mentioned a new fintech accelerator in Dubai in   FinTech in Dubai    3 Aug 2017 in NIPC Gulf. Since a lot of inventors fail...

Protecting FinTech Innovation

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An early form of FinTech Photo HB Source Wikipedia Jane Lambert A lot of money is going into FinTech (financial services technology) in this country and overseas nowadays including accelerator programmes promoted by our central bank and one of our major clearers (see the Bank of England's FinTech page  and the Barclays Accelerator  as well as details of the other accelerator programmes in the table below). But how is all that investment in FinTech to be protected if indeed it is to be protected at all?  In an extract from a longer article in Gluon.  Steve Findley and Vanni Torelli ask whether IP is so important to FinTech (see  Fintech Startups – is IP important?   The FinTech Times). In view of the amounts of money involved, I should be very surprised if it were not. Findley and Torelli argued that of the top 35 FinTec h  unicorns  than 25% have filed for patents. I am not in the least surprised by that statistic....