is of counsel with Womble Bond Dickinson. He concentrates his practice on software patent matters. He has worked with companies of all types, and with innovation at all levels of the software stack. He routinely investigates the patent risks and opportunities presented by the data science and AI/ML advances that are driving innovation today. Dave brings a particularly wide range of experience in the financial services sector, having previously worked as a patent examiner focused on financial services innovation and as an in-house IP counsel in the industry.
Large banks have a reputation for being slow to change. However, in the past decade, the financial services industry has seen the wholesale adoption and implementation of new technology as firms realize that consumers and businesses are increasingly demanding a strong digital experience. In 2007, Bank of America was one of the first financial institutions to offer a mobile banking application and since then, the rest of the industry has followed suit. Now, consumers could not go without their banking apps – imagine going to the bank to deposit a check.