Durham, NC (June 21, 2022) – 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 Royal Bank of Canada (RBC) has joined as a community member. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, RBC is reinforcing its commitment to OSS as an enabler of advanced financial services and mobile banking platforms.
“The financial services and fintech industries increasingly rely on open source technologies. Global financial services leaders, like RBC, which recognize the benefits of open source technologies are building, buying, and integrating feature-rich platforms to make them more effective for their clients,” said Keith Bergelt, CEO of Open Invention Network. “We are pleased that RBC has joined our community and committed to patent non-aggression in Linux and adjacent open source technologies.”
“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,” said Lucille D’Souza, Vice President and Associate General Counsel, RBC Strategy and Operations.
OIN’s community practices patent non-aggression in core Linux and adjacent open source technologies by cross-licensing Linux System patents to one another on a royalty-free basis. Patents owned by Open Invention Network are similarly licensed royalty-free to any organization that agrees not to assert its patents against the Linux System. The OIN license can be signed online at http://www.j-oin.net/.
To learn more about how RBC is building an innovation ecosystem that empowers its clients, advances businesses, and supports communities. please visit: https://www.rbc.com/investor-relations/innovation.html
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 89,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S., and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments, and employee volunteer activities. See how at rbc.com/community-social-impact.
About Open Invention Network
Open Invention Network (OIN) is the largest patent non-aggression community in history and supports freedom of action in Linux as a key element of Open Source Software (OSS). Patent non-aggression in core technologies is a cultural norm within OSS, so the litmus test for authentic behavior in the OSS community includes OIN membership. Funded by Google, IBM, NEC, Philips, Sony, SUSE, and Toyota, OIN has more than 3,600 community members. The OIN patent license and member cross-licenses are available royalty-free to any party that joins the OIN community. For more information, please visit www.openinventionnetwork.com.
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