With $9.4b in expected technology spend this year, of which 40% will be on new technologies and investments, it's no surprise that JPMorgan is leading the way in defending its gains.
The bank filed 22 patents in 2015, and its 2016 filings are already 50% ahead of last year's tally at this time.
J.P. Morgan insists that that the aim is not to close off markets. “If we invent something and we file a patent, that means no one else can patent it. We don’t want to find ourselves locked out of using our own invention,” says Andy Cadel, general counsel for technology, intellectual property and information security at the bank.