30 Apr '18, 1pm

Singapore launches the "Fintech Fast Track" for new patents

This story was delivered to Business Insider Intelligence "Fintech Briefing " subscribers. To learn more and subscribe, please click here . The Intellectual Property Office of Singapore (IPOS) has announced the launch of a new initiative, dubbed the Fintech Fast Track initiative , which aims to grant patents for fintech innovations at a faster pace than before. While it can traditionally take up to 2 years for a patent to be granted, this new initiative will bring that down to 6 months for new fintech solutions. The initiative includes fintech innovations related to electronic payments, investment platforms, insurance technology, blockchain, banking, security, fraud, and authentication, among others. BI Intelligence The Fintech Fast Track initiative is aligned with Singapore's broader fintech agenda. The Monetary Authority Singapore (MAS) launched the Financial Sector Tech...

Full article: http://www.businessinsider.com/singapore-fast-track-finte...

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