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Banks Stealing IP?
passiveinvestor
#1 Posted : Saturday, December 07, 2019 8:20:58 AM
Rank: Member


Joined: 12/8/2006
Posts: 92
Hi all,
Welcome your thoughts on the below article:
https://www.businessdail...75804-ypj6wn/index.html

"Kenya’s 30 banks are entangled in a legal suit in which a tech innovator is seeking Sh1 billion from the lenders, claiming that they used his idea to launch the interbank transfer service known as PesaLink...."
What is your gut feel on the likelihood that Bank's / CBK simply shopped the idea around, further stifling innovation and TRUE job creation in this economy?

Monk
#2 Posted : Sunday, December 08, 2019 8:56:38 AM
Rank: Member


Joined: 7/1/2009
Posts: 120
passiveinvestor wrote:
Hi all,
Welcome your thoughts on the below article:
https://www.businessdail...75804-ypj6wn/index.html

"Kenya’s 30 banks are entangled in a legal suit in which a tech innovator is seeking Sh1 billion from the lenders, claiming that they used his idea to launch the interbank transfer service known as PesaLink...."
What is your gut feel on the likelihood that Bank's / CBK simply shopped the idea around, further stifling innovation and TRUE job creation in this economy?



If indeed he had registered the product with the Kenya Copyright Board before KBA implemented it, then his claim seems to be valid. They may have to settle with him.
Doombringer
#3 Posted : Tuesday, December 10, 2019 10:18:28 PM
Rank: New-farer


Joined: 2/19/2019
Posts: 32
Location: France
Each party will defend its opinion and make reasonable arguments in its favor. There are not stupid people working there. Although it's a shame that even those projects that seem to be launched for people and their benefit, in the end, are still aimed at either getting more money or some other benefit. And we only look from the outside and try to understand who is right and who is to blame.
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