Barclays is a transatlantic consumer and wholesale bank, offering products and services across personal, corporate and investment banking, credit cards and wealth management. With over 325 years of history, the bank operates in over 40 countries and employs approximately 80,000 people. It maintains an especially strong presence in the United Kingdom and the United States.

Barclays’ membership in OIN signals its focus on addressing patent troll threats and is particularly noteworthy given that banks have traditionally taken a conservative approach to engagement on Intellectual Property-focused initiatives.

OIN membership for Barclays also represents its commitment to innovation and understanding that Open Source drives innovation today. “Innovation is at the heart of Barclays. By fostering a culture of innovation across the financial services ecosystem, we can help protect our future and better serve our clients,” said Lee Braine, Managing Director, Chief Technology Office at Barclays.

Read the Barclays press release on joining OIN here.