1. The document discusses how financial services companies are increasingly technology companies that rely on and develop intellectual property (IP), with CEOs of major banks describing their companies as technology firms. 2. It shows that over 80% of enterprise value for companies now comes from intangible assets like IP, and that banking patent filings have steadily increased over time, with major banks like Bank of America and JPMorgan filing hundreds of patents annually. 3. However, financial services companies still lag major technology companies in the number of patents granted and pending, though blockchain patenting by all companies has grown rapidly in recent years, with the majority of patents owned by just a few large entities.