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Innovation

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The recent judgment of the High Court of England and Wales in the DABUS case ([2020] EWHC 2412 (Pat)) has made one thing abundantly clear. For now at least, an AI machine cannot be construed as an inventor within the meaning of the Patents Act 1977. However, this arguably raises more questions than it answers. Is it time, in light of the increased advent of AI in technological development, that this position is reviewed? The…

We are delighted to launch the results of our 2017 survey and provide our readers with a free copy. Simply click to download here.The results provide our updated cloud data, both identifying continuing trends and benchmarking contractual terms and conditions. This data is a valuable reference for providers and customers navigating the increasingly complex cloud marketplace. We also have very exciting new data on digital disruptions and transformations that are having enterprise-wide impacts on our…

New, innovative, and exciting technologies emerge every day, and we constantly hear about how these new technologies are going to disrupt particular sectors of the economy. Disruptive innovation is becoming commonplace and businesses are scrambling to evolve and adapt to the new environment.Yet another vital economic sector is under pressure to adopt new technologies in order to remain relevant and competitive. According to a report published by the McKinsey Global Institute earlier this year, technological…

The UAE continues to embrace technology innovation in line with its government’s ‘Smart Dubai’ initiative to transform Dubai into the world’s smartest city. With Emirates NBD having recently launched the UAE’s first ‘digital only’ bank, digital payment systems have become a key area of focus.A new e-Payment RegulationOn 1 January 2017, the UAE Central Bank issued the Regulatory Framework For Stored Values and Electronic Payment Systems (“e-Payment Regulation”). The main objectives are facilitating the adoption…

There has been unprecedented growth in the FinTech industry, with investment in the sector estimated to be upwards of $19 Billion in 2015. Technology companies have achieved success in the mobile payment space, while peer-to-peer lenders have services challenging traditional bank loans. Tech companies are starting to offer blockchain and similar distributed ledger products that challenge the role of settlement intermediaries. Not to be outdone, bank and other financial institutions have moved aggressively into FinTech…