FINANCIAL AND INSURANCES SERVICES
Financial institutions should develop (and review existing) IP policies, systems and registers to ensure that innovation occurring at all levels within the business is being captured, protected and managed with an eye to the future.
For example, where copyright is being relied upon to protect software, it is essential to have detailed records of its development, dates, people involved, who authored the work, training for the employees and training specifications. Without this information on file, a financial institution may find itself unable to prove copyright ownership and independent development.
Processes to restrict access to confidential information are also crucial, including for managing departing employees.
