[ Portfolio Software Uses and Myths ]
Background of Banking Software System Technology
The definition of "banking software system" can already have plenty of different definitions based upon your community bank's specific needs. Many systems feature a wide variety of functionality that may range between loan tracking, compliance tracking, bank operations management, and deposit tracking to name a few. Although several more complex features are great for certain banks, other financial institutions may only desire a more simplified offering. At a minimum, the following features should really be present in any reliable banking software solution.
Maybe you have come up with a notion, or an innovative process, or developed a neat little prototype around it? Are you totally excited about any of it and want release a it available in the market and test drive it out? Hang on a bit, because you'll need to first protect your intellectual property.
It requires years to conceptualize and develop software products. However, once the product attributes are well defined, it doesn't take significant effort to replicate the program on an alternative platform or language if it hasn't been patented.
Can a copyright protect a fresh software product idea or process? A copyright on the software only protects the actual replication of the program code. A copyright does not protect another from replicating the core process, functional aspects, or idea of the software product. Also, a copyright provides no security in case a similar code is proved to own been independently developed. Patents, on the other hand, offer an impregnable protection for software products and processes.
The grant of a patent for a pc software product or process grants to the owner the proper to exclude others from making, using or selling software that perform similar functions. In simplest terms, a software patent protects innovative software products and processes.
