It's All about the Strategy: A Brief Story of the Open Source Renaissance in Financial Services
summary
FINOS documents a shift since 2018 into bank-led open source with concrete results: over 50 projects hosted under the Linux Foundation umbrella, more than 1,000 contributors, and major banks (Goldman Sachs, JPMC, Morgan Stanley, Deutsche Bank, Citi) contributing code. Notable outcomes include Legend, Goldman’s open logical modeling platform published to Maven Central and Docker Hub and adopted by peers, FDC3 desktop interoperability used in 900 apps, JPM’s Perspective visualization with 1,000+ stars and reported ~$3M savings, plus an active open regtech and cloud service certification effort.
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chapters (14)
- 0:00Start
- 2:20Re-defining the Fintech Landscape through the lense of Openness
- 6:01until something started to change...
- 19:04Inaugural State of Open Source in Financial Services Report-stay tuned!
- 20:50Strategic value of OSS is finally understood.
- 23:35FINOS Enablement Projects: Open Source Readiness
- 24:52Unlocking OSS value in financial services
- 29:30FINOS Software & Standard Projects
- 30:35Legend: An industry success story
- 34:08Open Source ROI anyone? The Perspective case study
- 35:16FINOS Special Interest Groups
- 36:22FINOS Open RegTech Initiative
- 38:12Open Source Cloud Compliance (WIP)
- 40:24Vision & key themes for 2022
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