Ping An and Alibaba Tops IPR Daily’s 2018 Global Fintech Patent List

A new ranking of international fintech patents for 2018 puts Chinese finance conglomerate Ping An and internet behemoth Alibaba at the fore of global applicants.

IPR Daily and incoPat released the “2018 Global Fintech Patent Ranking (TOP 20)” (2018年全球金融科技发明专利排行榜(TOP20)) on 4 January, according to a report from Global Times.

Ping An took first place on the top 20 with a total of 1205 patent applications, while Alibaba came in second with 1147. A total of six Chinese companies appeared on the list, including Tencent, JD.com, Bank of China and Baidu.

2018 Global Fintech Patent Ranking (TOP 20)

No. Company Number of fintech patents filed in 2018
1 Ping An 1205
2 Alibaba 1147
3 Mastercard 1002
4 IBM 469
5 Google 447
6 WalMart 427
7 Tencent 393
8 Samsung 345
9 VISA 279
10 Toshiba 271
11 JD.com 258
12 Ebay 211
13 Facebook 209
14 Bizmodeline 208
15 Yahoo 191
16 Microsoft 190
17 Capital One 186
18 PayPal 183
19 Bank of China 180
20 Baidu 166

As of 30 September 2018 Ping An had filed a total of 8,534 technology patents, while the company has also signalled that it will continue to pursue a “Finance + Technology” and “Finance + Ecosystem” strategy, in order to create an “integrated one-stop financial services” platform.

According to Pingan its “micro-expression smart recognition technology” has facilitated the extension of 500 billion yuan in loans, as well as reduced the loan loss rate by 60% and reduced the examination and approval time from 5 days to two hours.

 

 

 

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