Banking on Open: Ensuring the Continued Growth of Open Source Software in FinTech

Explore the growing adoption of Open Source Software (OSS) in the banking and finance sector through this insightful talk. Delve into the emergence of tech-centric financial institutions and the potential challenges posed by patent lawsuits. Learn about the impact of patent aggression from operating companies and Patent Assertion Entities (PAEs) on OSS code adoption. Discover the importance of developing a comprehensive IP strategy that balances open source and proprietary software use. Examine patent risk reduction programs offered by entities like AST, LOTnet, RPX, and Unified Patents. Gain insights into how major financial companies are benefiting from patent non-aggression through free membership in the Open Invention Network (OIN).