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Patent Assertion Entities: Two Big Banks Join OIN to Combat Them With patent trolling on the rise, investment bank Barclays and TD Bank Group have put patent assertion entities on notice by taking membership in Open Invention Network. Two major banks, Barclays and TD Bank Group, have joined the fight against patent assertion entities, otherwise known as patent trolls, by joining the Linux-focused patent nonaggression organization Open Invention Network. Patents are considered to be Linux's and open source's greatest intellectual property vulnerability, an issue that primarily affects u...

TD Bank Group Joins the Open Invention Network Community DURHAM, N.C., Feb. 15, 2021 (GLOBE NEWSWIRE) — Open Invention Network (OIN), the organization formed to safeguard open source software (OSS) and now the largest patent non-aggression community in history, announced today that TD Bank Group (TD) has joined as a community member. Offering a full range of financial products and services to more than 26 million customers worldwide, TD is focused on constantly improving its operating platforms, and frequently uses OSS to do so. By joining OIN, TD is demonstrating its commitment to patent n...

Boss reckons half a dozen institutions will follow suit this year Tim Anderson Mon 15 Feb 2021 // 16:33 UTC Share Copy Barclays Bank is to join the Open Invention Network (OIN), as is Canada-based Toronto-Dominion (TD) Bank Group, in order to resist what Barclays told us are "overt or veiled threats of litigation from patent trolls." The OIN exists to reduce the threat of licence and patent infringement cases against open-source software. All members sign a cross-licensing agreement giving and receiving access to Linux System patents royalty free, and also get access t...

For years, the OIN, the largest patent non-aggression consortium, has protected Linux from patent attacks and patent trolls. Recently, it expanded its scope from core Linux programs and adjacent open-source code by expanding its Linux System Definition. In particular, that means patents relating to the Android Open Source Project (AOSP) 10 and the Extended File Allocation Table exFAT file system are now protected. As important as this is, why would banks, no matter how big, care? It's because even banks care about opposing the abuse of IP rights by patent assertion entities (PAE), better know...