March 5, 2024 — The Fintech Open Source Foundation’s (FINOS) 3rd -annual survey to understand the state of Open Source adoption, contribution & readiness in the financial service industry. Among its findings — 94% of organizations allow Open Source consumption; 78% see an increased value in using Open Source compared to last year and 65% of respondents report more in time & effort allocated by their companies for Open Source contributions. Since most Financial Service & Fintech platforms run on Open Source Software (OSS) or at least contain Open Source components, industry companies – from  brands you know & trust to rapidly-growing brands becoming household names – are turning to Open Invention Network to help them reduce their patent risk in Open Source and core Linux technologies. A few OIN members who represent the industry — from banks (PNC Bank, Truist, Wells Fargo) to financial service firms  (Alibaba, Equifax, WorldLine) along with Fintech businesses (Block, Stripe, Uber) & insurance companies  (Anthem, Nationwide, Prudential) understand OIN reduces their patent risks and OIN’s focus is to stifle patent trolls for its community members. Here’s the article from Patent Lawyer Magazine.

Read More >