China overtakes US in fintech patent filings to seize global lead

ICBC, Tencent among companies leading 10-fold surge from previous decade Industrial and Commercial Bank of China and Tencent were among the top five companies globally in fintech patent filings over the past decade. (Nikkei montage/Source photos by Nikkei and Reuters) TOKYO — Chinese banks and tech companies led the world in applications for financial technology patents over the last decade, surpassing the U.S. in a field that supports a wide range of financial services from lending and asset management to cryptocurrencies.

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