FINOS

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

🌟 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

📢 Calling all coders! Join Algoritmica.ai for a FREE hybrid Structured Finance Hackathon culminating in a virtual or in-person demo day on June 5th in Barcelona where participants will showcase their ideas to the jury. Registration is open and teams can begin collaborating TODAY! https://lnkd.in/dJ3weZsa Sponsored by: FINOS | TAO Solutions Inc. | TradeHeader | OpenBB #opensource #fintech #financialservices #hackathon #FINOS

🎫 Join Nick Peacock of Cloudsmith for EU's Cyber Resilience Act Repercussions in Open Source at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3JVpdYU Talk Abstract The EU's #CyberResilienceAct (CRA) proposes stringent cybersecurity requirements for digital products, aiming to bolster security against cyberattacks. While it promises safer hardware and software, it also raises questions for Open Source contributors and organizations. Will they be liable for vulnerabilities in their code? Could this legislation stifle innovation or foster it? The final draft of the CRA removed the burdensome requirements on OSS contributors- a very near land mine for the OSS community. Join me in exploring these questions to understand how the CRA underscores the imperative for open source organizations to advocate for their interests in policymaking. 📆 OSFF Schedule: https://bit.ly/4ac3GpC Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity