Patent Assertion Entity Activity in FinTech Surges; RBC Joins OIN
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June 21, 2022 — New research — including that based on data from RPX and Unified Patents — indicates an unprecedented wave of patent actions related to the Financial Technology (FinTech) industry. OIN— an organization formed in 2005 to safeguard Open Source Software (OSS), and now the largest patent non-aggression community in history — shows Patent Assertion Entities' (PAE) activities as they relate to Open Source and Fintech. Patent Lawyer Magazine highlights the study's key findings. Also in the news, Royal Bank of Canada (RBC) — Canada's largest bank — joins OIN's Community, following such other companies as Ally, Barclays, Sumitomo Mitsui, TD Bank and Square.
Christina Motley2022-06-23T11:11:41-04:00Media Coverage|
Huawei is committed to offering the highest-quality ICT and smart devices. Linux and OSS are critical elements of technologies we are developing and integrating with carriers and enterprises around the globe. By joining the Open Invention Network, we are demonstrating our continued commitment to innovation, and supporting it with patent non-aggression in Linux and other core open source projects.
Jianxin DingHead of Global Intellectual PropertyHuawei
Linux plays an important role at TomTom as the core of all our Portable Navigation Devices. We believe that by becoming an Open Invention Network licensee, we encourage Linux development and foster innovation in a technical community that benefits everyone.
Peter SpoursDirector of IPTomTom
As the largest patent non-aggression community in history and a strategic partner for the Linux Foundation, OIN was key in the open source community successfully navigating the patent aggression of the last decade. We encourage the members of Linux Foundation projects, from Automotive Grade Linux to Hyperledger to The LF Networking Fund, that are leveraging the collaborative technology development model of open source, to join the OIN community as an important step for them as it relates to IP management in core Linux and adjacent open source technologies.
Jim ZemlinLinux Foundation
Embecosm has joined OIN, an industry consortium with an ever-growing patent pool that facilitates cross-licensing, for mutual defense against those who would use patents against the Linux ecosystem. All members are protected, even companies like Embecosm which bring no patents to the table. I don't like the world we are in, but at least Embecosm is now in a stronger position to protect free software.
Jeremy BennettFounder and Chief ExecutiveEmbecosm
Today, with open source software, we are quickly creating robust and long-lasting solutions for our customers. In addition to the technical implementation, we also take care that our customers do not worry about potential license violations.
Andreas PfeifferHead of Customer Advice and MarketingGinzinger