FinTech start-ups over the period 2000-2016. We employ machine learning techniques to classify a large global sample of patent … applications into five FinTech categories. We exploit the variation in the share of FinTech patent applications by non …, competition from start-ups results in a higher number of FinTech patent applications by financial incumbents as compared to non …

We develop a new methodology that goes all-in machine learning to identify FinTech innovation, and, in turn, to … investment banking services, this allows us to study the effects of FinTech innovation on the efficiency and risks of traditional … innovation significantly improves banks' efficiency in terms of profit, cost, interest income, and noninterest income. FinTech …

fintech and, second, the recent $300 million verdict in the first bank-on-bank patent infringement suit — USAA v. Wells Fargo …. This paper explores how the rise of fintech has changed the purpose of patenting among banks, and what a possible fintech …

such applications, a key role is played by complementarities in the process of innovation. …