26 June 2017
Reporter: Barney Dixon

BBVA launches global patent office

Spanish Bank BBVA has created a global patent office to coordinate its intellectual property protection efforts.

The office will allow BBVA to identify its inventions and protect them through patents and trade secrets.

Don Relyea, director of BBVA’s global patent office, said: “The majority of the banks are fully engaged in digital transformation and that means that we are transforming: changing from old processes to digital processes, based on software and technology.”

“As we advance along the path to digital transformation, we must protect our intellectual property, especially if it affects our principal business.”

Relyea said that the bank plans to register around 10 patents in 2017 and build on that number.

BBVA isn’t just aiming to acquire rights in software, either. Relyea said the bank is looking to protect utilities, such as negotiation processes, and interactions with artificial intelligence.

The global patent office will also oversee an incentive programme for inventions developed by employees within BBVA. They will receive a monetary award for filing and another when the patent is granted.

Relyea added: “The goal is to incentivise inventors and reward them as well as recognise their work.”

More news
The latest news from IPPro Patents
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Ex-Oblon attorneys start own patent firm
22 September 2017 | Virginia | Reporter: Barney Dixon
Ex-Oblon attorneys Kirsten Grüneberg and Eric Myers have launched their own patent boutique law firm in Virginia
Red Hat expands Patent Promise
22 September 2017 | Raleigh | Reporter: Barney Dixon
Open-source software provider Red Hat has revised its Patent Promise, which was initially intended to discourage patent aggression against free and open-source software
Google and HTC sign $1.1 billion deal
21 September 2017 | California | Reporter: Barney Dixon
Google and HTC have signed a $1.1 billion agreement that will net Google a portion of HTC’s smartphone research and development team and a separate non-exclusive intellectual property license
IP Awareness Summit to be held in November
20 September 2017 | Chicago | Reporter: Barney Dixon
The Centre for Intellectual Property Understanding, alongside the Chicago-Kent College of Law, will be holding the first Intellectual Property Awareness Summit in Chicago on 6 November
Motorola wins direct infringement challenge
20 September 2017 | Washington DC | Reporter: Barney Dixon
Motorola has won its direct patent infringement appeal against Intellectual Ventures, but failed to secure an invalidity ruling
Dali and Fiplex settle down
19 September 2017 | California | Reporter: Barney Dixon
Dali Wireless has settled with Fiplex Communications over patents for its Public Safety distributed antenna systems (DAS) products
Nokia and LG complete arbitration
18 September 2017 | Espoo | Reporter: Barney Dixon
Nokia and LG Electronics have finally settled their patent licence dispute at the International Court of Arbitration