Research and innovation in fintech in the power industry operations and technologies sector is on the rise. The most recent figures show that the number of fintech-related patent applications in the industry stood at 54 in the three months ending March – up from 52 over the same period in 2021.

Figures for patent grants related to fintech followed a similar pattern to filings – growing from 14 in the three months ending March 2021 to 21 in the same period in 2022.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The figures are compiled by GlobalData, which tracks patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

Fintech is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from. The figures also provide an insight into the largest innovators in the sector.

Siemens was the top fintech innovator in the power industry operations and technologies sector in the latest quarter. The company, which has its headquarters in Germany, filed 32 fintech-related patents in the three months ending March. That was up from 28 over the same period in 2021.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It was followed by the Germany-based E.ON with 13 fintech patent applications, Japan-based Fuji Electric Co Ltd (7 applications), and the US-based Honeywell International (3 applications).

E.ON has recently ramped up R&D in fintech. It saw growth of 100% in related patent applications in the three months ending March compared to the same period in 2021 – the highest percentage growth out of all companies tracked, with more than 10 quarterly patents in the power industry operations and technologies sector.