Assessing the Role of Technology-Driven IP Management Tools in Safeguarding Financial Services Innovation

Stephanie Nma Modilim, Iyanuoluwa Bolarinwa, Motunrayo Tolani Omidiora, Obah Tawo and Oladipo Sopitan

International Journal of Scientific Research in Science and Technology, 2024, vol. 11, issue 5, 578-585

Abstract: This article examines the effectiveness of technology-driven intellectual property (IP) management tools in safeguarding financial services innovation. Through a mixed-methods approach combining resource-based view and dynamic capabilities theoretical frameworks with empirical case studies, we analyze how blockchain timestamping, AI-powered patent monitoring, and cloud-based rights management systems enhance legal enforceability and infringement detection. Our findings reveal that these technologies reduce dispute resolution times by 30%, improve competitive intelligence with 85% true-positive rates, and accelerate licensing workflows from weeks to days. However, significant adoption barriers persist, including legacy system integration challenges, data sovereignty concerns under GDPR/PSD2, and specialized skill shortages. We propose a practical implementation roadmap addressing phased adoption, governance frameworks, and vendor management strategies to help financial institutions leverage these tools for sustainable competitive advantage. This research contributes to understanding how technology can enhance IP stewardship in an increasingly digital financial services landscape while navigating complex regulatory requirements.

Keywords: Intellectual Property Management; Blockchain Timestamping; Financial Technology Innovation; AI Patent Analytics; Regulatory Compliance; Resource-Based View (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ijsrst.com/home/article/view/IJSRST52310364 Abstract page (text/html)
https://ijsrst.com/home/article/download/IJSRST52310364/IJSRST52310364 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:etm:ijsrst:v11:y2024:i5:id:801

DOI: 10.32628/IJSRST52310364

Access Statistics for this article

More articles in International Journal of Scientific Research in Science and Technology from Technoscience Academy
Bibliographic data for series maintained by Pankaj Sharma ().