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Updated List of Top 15 (and then some) Financial Services Patent Owners

April 25, 2013

Below is an updated list of the top fifteen owners of patents related to financial services.  American Express remains the industry leader.  The biggest gainer was Bank of America, which jumped to second on the list, all the way from seventh a year ago.

Top 15 Financial Services Patent Owners

2013 Rank

2012 Rank

Change in Rank

Company

Patents

1

1

American Express

363

2

7

+5

Bank of America

217

3

2

-1

Visa

215

4

4*

USAA

211

5

3

-2

Citigroup

155

6

5

-1

Goldman Sachs

150

7

8

+1

The Hartford

113

8

6

-2

Morgan Stanley

103

9

10

+1

MasterCard

70

10

9

-1

Capital One

68

11

11

FICO (Fair Isaac)

59

12

NR

General Electric

55**

13

15

+2

Wells Fargo

48

14

12

-2

JP Morgan Chase

41

15

13

-2

Freddie Mac

38

If you are aware of any financial services companies I should add to the list, please let me know.  The list only includes assignments that appear on the faces of the patents and does not account for any assignments after the patents issued.   For companies where I was aware of related entities, I combined results.  For example, Citigroup includes Citibank and Citicorp, and Wells Fargo’s total includes four patents that were originally issued to Wachovia.  Some companies use holding companies to own their patents whose names don’t match the parent company, which may explain some rather large companies appear not to have any assigned patents.  The results are limited to patents in class 705–which relates to data processing in business and finance.  So, if an insurance company had a mice problem and solved it by inventing a better mouse trap, that patent is not included in the list.  The results are based on a search of the http://www.freepatentsonline.com database.

*Last year I missed a bunch of the USAA (United Services Automobile Association) patents—they should have ranked fourth last year as well.

**I should also note that I added General Electric to the list this year.  The total patents I listed for GE does not represent all of their patents in class 705, because many of their patents in that class do not seem to relate to financial services.  Instead, I limited the GE patents to those in the insurance, portfolio, and finance subclasses.

A complete list, totaling 75 companies, is provided after the break.

Complete 2013 List

Rank

Company

Patents

1 American Express

363

2 Bank of America

217

3 Visa

215

4 USAA

211

5 Citigroup

155

6 Goldman Sachs

150

7 The Hartford

113

8 Morgan Stanley

103

9 MasterCard

70

10 Capital One

68

11 FICO (Fair Isaac)

59

12 General Electric

55

13 Wells Fargo

48

14 JP Morgan Chase

41

15 Freddie Mac

38

16 Experian

37

17 PNC

36

18 CBOE

35

19 Barclays

34

20 Merrill Lynch

33

21 Charles Schwab

31

22 Allstate

31

23 UBS

30

24 Genworth

23

25 Paypal

22

26 Prudential

20

27 Equifax

12

28 Ameritrade

12

29 AIG (American Int’l Group)

11

Bank of New York

11

31 Metropolitan Life (Met Life)

10

Credit Suisse

10

Lincoln

10

34 Aetna

9

Progressive

9

HSBC (Hong Kong Shanghai)

9

37 RBC (Royal Bank of Canada)

8

38 New York Life

6

39 Chicago Board of Trade

5

Fidelity Life

5

41 State Street

4

Safeco / Liberty Mutual

4

Mass Mutual

4

44 Standard & Poor’s

3

Discover

3

46 Allianz

2

Royal Bank of Scotland

2

48 Aviva

1

Nationwide

1

Moody’s

1

Deutsche Bank

1

TIAA-CREF

1

Sallie Mae

1

Transamerica / Aegon

1

55 Principal Financial Group

0

Pacific Life

0

Massachusetts Life

0

ING

0

Nomura

0

Dow Jones

0

GEICO

0

State Farm

0

Farm Bureau

0

Sun Life

0

Northern Trust

0

Raymond James

0

Jackson National

0

John Hancock

0

Thrivent

0

Mutual of Omaha

0

Dow Jones

0

AXA

0

Edward Jones

0

AFLAC

0

Berkshire Hathaway

0

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2 Comments
  1. A few additional notes and additions to the list:

    Merrill Lynch was acquired by Bank of America, and ML’s patents should probably be included in BofA’s totals. BofA would still be in second, but its total would raise to 250 issued patents.

    Prudential recently acquired Hartford’s individual life business. Most likely many of the Hartford’s patents also were transferred to Prudential, but I have not checked PTO records to verify if so, and how many.

    A few companies I missed and should have included:
    Ameriprise 20 issued patents (would rank 26th)
    CarFax 12 issued patents (would rank 28th)
    BlackRock 10 issued patents (would rank 33rd)
    Guardian Life 6 issued patents (would rank 41st)
    Northwestern Mutual 1 issued patent
    WellPoint 1 issued patent

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