We’re excited to announce the launch of the AI Readiness Special Interest Group (SIG) for the Financial Services Industry (FSI) as part of our AI strategic initiative! 🎊 ➡️ Full Press Release: https://bit.ly/4afaLpv “Open source is quickly eating generative AI like every other area of technology, but the community is grappling with what it even means to be open source in the context of generative AI,” said Gabriele Columbro, Executive Director of FINOS and General Manager of Linux Foundation Europe. “As a trusted host of financial services grade open projects, we see an opportunity for the industry to collaborate in the open on precompetitive financial services domain-specific language models. Importantly, we also have a responsibility to be a steward of truly open source efforts financial services can rely on”. Read the full press release for quotes from: - Ian Micallef, Head of Developer Enablement at Citi - Junta N., Global VP, Financial Services at Databricks - Allison Gorman Nachtigal, VP Industry Cloud at Microsoft - Colin Eberhardt, CTO of Scott Logic and Co-Chair of the AI Readiness SIG We're proud to also have support from FINOS members, ControlPlane, EPAM Systems, LSEG (London Stock Exchange Group), Morgan Stanley, Provectus, and Publicis Sapient. Stay tuned for updates and opportunities to engage with the AI Readiness initiative. #fintech #financialservices #FINOS #opensource #aistrategicinitiative
FINOS
IT Services and IT Consulting
Burlingame, California 5,961 followers
We're a Community Creating #OpenSource Solutions for #FinancialServices & #Fintech. Join us at https://finos.org
About us
FINOS (The Fintech Open Source Foundation) is a nonprofit whose mission is to foster adoption of open source, open standards and collaborative software development practices in financial services. It is the center for open source developers and the financial services industry to build new technology projects that have a lasting impact on business operations. As a regulatory compliant platform, the foundation enables developers from these competing organizations to collaborate on projects with a strong propensity for mutualization. It has enabled codebase contributions from both the buy- and sell-side firms and counts 30+ major financial institutions, fintechs and technology consultancies as part of its membership. FINOS is also part of the Linux Foundation, the largest shared technology organization in the world. Foundation OSS Projects are Apache 2.0 licensed and available on GitHub. https://github.com/finos Join the Community today at http://finos.org and follow us at http://twitter.com/finosfoundation
- Website
-
https://www.finos.org
External link for FINOS
- Industry
- IT Services and IT Consulting
- Company size
- 2-10 employees
- Headquarters
- Burlingame, California
- Type
- Nonprofit
- Founded
- 2018
- Specialties
- Open Source, Communication, Business Productivity, Governance, Community, Fintech, and Financial Services
Locations
-
Primary
330 Primrose Rd
STE 400
Burlingame, California 94010, US
-
55 Broadway
STE 305
New York, NY 10006, US
Employees at FINOS
Updates
-
🎫 Join Luigi Gubello of Pitch for OpenSSF Security Insights: Empower Your GovOps at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3wwMvRQ Talk Abstract Discover the OpenSSF Security Insights specification, redefining open-source project security standards and compliance through automation and measurement. This specification provides a concise, machine-readable overview of project security, simplifying both human interpretation and automated processing. The specification helps security engineers and developers to have a project overview, standardizes attestation related to policies and licenses, and makes enables measurable information collection for open-source artifacts. This missing capability is essential for anyone creating software for highly regulated industries. Come explore the value of this open specification and the ecosystem that is quickly growing around it. 📆 OSFF Schedule: https://bit.ly/4agvQj7 Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity
-
🎫 Join Cephas Paul Edward of Goldman Sachs for Open Source Software Supply Chain Security at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3K22g6c Talk Abstract Choosing between Open source vs proprietary for enterprise solutions has always been a battle of pros and cons of both the paradigms. Though open source promises to generally boost flexibility, agility and happens to be cost-effective as well, there are increased concerns around the trust worthiness of Open source components. Due to the nature of open source components, the surface area of potential attacks are also relatively high especially when these are employed by financial firms. These become hotspots for attackers to gain access to sensitive data. Thus, the problem statement reduces to a "supply chain" problem. This presentation provides an insight into exploitation methods employed by attackers specifically in the context of Open source components (with specific focus on Supply Chain attack), risk identification and mitigation strategies (Secure SDLC practices with focus on Supply chain security). In order to effectively identify relevant risk(s), it is important to defend the OSS components through out the lifecycle.The presentation also focusses on best practices which includes a novel approach to ensure OSS maturity via a checklist and appropriate control gates. 📆 OSFF Schedule: https://bit.ly/3K4Gdf6 Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity
-
🌟 Friday Thank You Post from Aaron Grizz Griswold 👏 A special shout-out to both Chris Howard of EPAM Systems & Ann Schlemmer of Percona for their remarkable comments on the path to open-source collaboration in a recent FinTech Magazine article by Louis Thompsett. Their perspectives underscore the significant impact open-source technologies & FINOS have on driving innovation, reducing costs, and improving efficiency within financial institutions. 📖 https://bit.ly/3wGbims 📅 Join us at the Open Source Strategy Forum (OSFF) to hear Chris & Ann speak about these critical developments in open source in finance. You don't want to miss it! 🔗 Chris Howard OSFF talk: https://bit.ly/3V63UdE 🔗 Ann Schlemmer OSFF talk: https://bit.ly/3QNua9O Looking forward to catching up with both of you in London. - Grizz, FINOS #FINOS #opensource #financialservices #community #fintech #regtech
-
📽️ Missed our 2024 Q2 All Community Call? Watch this video clip for updates on our Open Source Readiness Special Interest Group from Brittany Istenes of Fannie Mae. 🏫 OSR Homepage: https://bit.ly/4bk5q1q ✍️ Video Transcript + Slides: https://bit.ly/3QONfbK 📹 Open Chain Presentation from Shane Coughlan of The Linux Foundation: https://bit.ly/3QL3SW0 Shout-out to Rob Moffat #opensource #fintech #financialservices #AIreadiness #AI
-
🎫 Join 📚Abdullah Garcia of J.P. Morgan for Exploring a Risk Approach to Software Supply Chain Security at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/4dA6XBI Talk Abstract Throughout the presentation, I dive into software supply chain attacks and explain how they unfold incrementally. By understanding the latter, attendees will learn how to analyse their firms' internal processes for software ingestion, integration, and testing to account for Supplier Risk both during and after deployment. Attendees will also understand how the risk-based model can respond to software supply chain attacks even when they are not detected until later in the internal software supply chain, and gain critical insight into the kinds of changes needed in their organisations' internal processes and software tools to support this approach. 📆 OSFF Schedule: https://bit.ly/4dB4bwq Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity
-
🎫 Join Katharina Louise Grauf & Marcel Scholze of PwC for The Digital Operational Resilience Act at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/4afU798 Talk Abstract This talk highlights the latest regulatory requirements for OSS management in the financial sector, emphasises the importance of implementation and introduces guidelines, with a focus on ISO 18974. Security incidents over the past years have shown the consequences of vulnerabilities within the OSS ecosystem and painfully exposed that many organisations are still not adequately managing the security of OSS. In this regard, financial institutions are exposed to a high risk, as they are not only part of the critical infrastructure but also of a complex supply chain within the interbank market. Regulators react to the increasing cyber security risks, e.g. by the US Executive Order on Improving the Nation's #Cybersecurity and EU #CyberResilienceAct (CRA) and the Digital Operational Resilience Act (DORA). Organisations are now facing the challenge to implement measures for OSS security management to mitigate those risks, but also to fulfil legal requirements, avoid penalties and meet their customers' demands for transparency. ISO 18974 provides valuable guidance on the measures to be taken and thereby increase security within the software supply chain. 📆 OSFF Schedule: https://bit.ly/3wDGUsN Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity
-
🎫 Join Aidan McPhelim & Matthew Bain of Morgan Stanley for Keep CALM and Carry on Approving Change at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3yjY7bb Talk Abstract Automating Architecture Approval Processes with the Common Architecture Language Model The balance between rapid software development and maintaining high security and compliance standards is a critical challenge for financial institutions. The Common Architecture Language Model (CALM) offers a novel solution, embodying the principles of Architecture as Code (AasC) to automate architecture approvals. This presentation will delve into how CALM can drastically reduce approval times while ensuring strict adherence to security policies and risk management protocols. Attendees will explore the functionalities of CALM, its application in automating API approvals, and the significant benefits for system architecture design and maintenance. Presentation Highlights * CALM and the Shift to Architecture as Code * Automating API Gateway Approvals with CALM * A closer look at CALM's JSON Meta Schema and associated vocabulary. * The Advantages of Automation * How the architecture and developer community can contribute to and leverage CALM for future projects. 📆 OSFF Schedule: https://bit.ly/3UKejdp Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity
-
📽️ Missed our 2024 Q2 All Community Call? Watch this video clip to learn about the new AI Readiness SIG from Colin Eberhardt of Scott Logic. 🤖 AI Readiness: https://bit.ly/44IFmdA ✍️ Video transcript: https://bit.ly/3UZY4ua #opensource #fintech #financialservices #AIreadiness #AI
-
🎫 Join Rupal Shirpurkar of Click2Cloud Inc. for #FinOps Excellence, Strategies, and Open Source Tools at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3JT2PPF Talk Abstract In this cloud-centric era, businesses are drawn to the flexibility of cloud computing, but managing costs poses challenges. The session, "FinOps Excellence, Strategies, and Open Source Tools for Mastering Cloud Cost Optimization," guides you through future-proof solutions, open-source tools, and the transformative power of Financial Operations (FinOps). Let's dive deep into key strategies for cloud cost optimization, leveraging cloud services, and embracing FinOps. Know FinOps' role as the financial planner for cloud projects, focusing on core principles such as benchmarking, accountability, cultural shift, and data management. Explore AI's crucial role in cost optimization for predictive analytics, anomaly detection, and automation, and get insights into building a strong foundation to address FinOps adoption challenges. Real-world case studies will illustrate organizations achieving cost savings and cloud efficiency through FinOps. The session aims to encourage attendees to embark on a cost-saving adventure in FinOps, aligning cloud spending with strategic goals and equipping them with knowledge and tools for successful cloud cost optimization. 📆 OSFF Schedule: https://bit.ly/3JZcCDO Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity