Financial Technology

Bringing a strategic approach to technology in the financial industry.

The Fintech Market

Interest in fintech technologies including embedded finance, digital payments, decentralized finance (DeFi), and non-fungible tokens (NFTs) has spurred a significant amount of R&D and investment in recent years. Since 2020, demand for digital solutions has skyrocketed and alternative service providers and emerging startups have experienced unprecedented growth in both revenue and users. As of January 2022, there are over 262 Unicorns globally, with 113 of them achieving that title in 2021, and almost half located in North America.1

Over the last 10 years, more than $200B has been invested by Venture Capital and Private Equity in fintech startups2. A recent report projects that the global payment market is expected to reach $2.5T by 2025 and $2.9T by 20303. Another report predicts that fintech revenue will reach $221B by 2024, up from $94B in 20174.

Protecting Your Investment in Fintech

Bereskin & Parr helps companies who are developing fintech-based technology build, protect and enforce their intellectual property. Our fintech practice group provides licensing, as well as patent and trademark agency services to companies who are innovating in the areas of blockchain, NFTs, cryptocurrencies, etc.

There are many developing aspects of patent, trade secret, and copyright law specific to the fintech industry. The fintech practice group team includes lawyers and patent agents with applied mathematical, computer and electrical engineering educational backgrounds and industry experience particularly suited to financial technologies. Our team has the educational backgrounds and interest to stay on top of and leverage these developments for our clients.

While the legal issues associated with the financial technology sector are complex and will continually evolve, it is important for companies who are building and selling products and services based in the fintech space to put in place a comprehensive and proactive strategy for IP protection and risk evaluation. Such a strategy should include not only measures to secure patent, trade secret, copyright and design protection where available but also measures to monitor third party IP rights and assess associated risks.

Our Fintech sector expertise includes:

  • Accounting
  • BNPL (buy now, pay later)
  • Blockchain
  • Challenger banks
  • Cryptocurrency
  • Diversified
  • Infrastructure
  • InsurTech
  • Open Banking
  • PayTech
  • RegTech
  • WealthTech


[1] (“CFTE unicorn report”)

[2] (“CFTE job report”)

[3] CFTE unicorn report

[4] (Deloitte; Mordor intelligence – Fintech digital & Trends Statista report, slide 4)

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