June 21, 2022 —  The presence of patent trolls is fast becoming a serious problem in Fintech, and the worst may yet to come. Figures show a 100% increase in the number of Non-Practicing Entities (NPEs) —people who own a patent but don’t practice it — taking Financial Services companies to court between 2020-2021, the greatest change of any sector in that timeframe. “RBC recognizes open source as a significant enabler of innovation and it was important for us to join the Open Invention Network and support its role in protecting Linux system open source software from patent litigation risk,” says Lucille D’Souza, VP & Associate General Counsel for Royal Bank of Canada’s (RBC) Strategy and Operations. The Fintech Times covers the story.

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