FINOS’ Post

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

🎫 Join Dr. Jochen Papenbrock of NVIDIA for Building and Running a Scaling, Enterprise FinLLM Using OSS and Accelerated Computing at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3wlV2a1 Talk Abstract In this talk, Jochen presents various OSS tools from NeMo LLM Framework that can be leveraged on an accelerated computing platform for building scaling, enterprise-ready (Financial) LLMs with outstanding performance, accuracy, stability and guardrailed trustworthiness. Initial step is to select one of the best community-build LLMs like Llama, Falcon, Mixtral or Nemotron. Next steps is to use tools for model customization, retrieval augmented generation, and guardrailing. Then, the model will be deployed with an inference platform that is optimized for throughput and scale. Input data can be tokenized, curated, and deduplicated at scale. 📆 OSFF Schedule: https://bit.ly/3QvvEp4 Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity

🎫 Join Paula Paul of Greyshore for A Silver Bullet for Software Engineering at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3y3jMnY Talk Abstract The essay "No Silver Bullet" was first published by Dr. Fredrick Brooks in 1986, and republished in the 25th anniversary edition of his seminal collection 'The Mythical Man Month'. The essay questioned whether it was possible to achieve tenfold improvement in software engineering productivity within ten years. This session offers insights on software engineering productivity from my own journey in computer programming, which began in 1976, leading to mainframe product development at IBM. During the years Dr. Brooks first published his essay, then product engineering in ‘shrink wrap’ software and cloud native products, to current adventures in software engineering with Google’s Duet AI. As a mainframe programmer I spent my time very differently than I do today. Software estimation and productivity metrics have evolved, but are elusive and even controversial. We've come from a mythical man month to mythical '10x programmers'. Will AI bring us 10x improvement? With the help of Google's Duet AI, we will explore whether we’ve finally found the silver bullet. 📆 OSFF Schedule: https://bit.ly/3JLbzrd Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity

📆 TODAY - Join us for our Virtual Q2 All Community Call at 11am EDT / 4pm BST for exciting updates and a view of what's happening in FINOS this quarter and beyond - check out the agenda overview below! Register here ➡️ https://bit.ly/4b4mzfh Agenda includes: - Welcome - Karl Moll, FINOS - Intro to the Community - Jane Gavronsky, FINOS - New Board Announcement - Sitija Sarkar, BlackRock - OSFF Updates - Aaron Grizz Griswold, FINOS SIG and Community Updates: - AI Readiness SIG - Colin Eberhardt, Scott Logic - DEI - Rita Chaturvedi (she / her), Morgan Stanley - Open Source Readiness (OSR) - Brittany Istenes, Fannie Mae - Zenith - Peter Smulovics, Morgan Stanley - Accessibility Theme Builder - Lise Noble, Discover Financial Services - Spring Bot - Rob Moffat, FINOS Calls-to-Action: - FINOS Ambassador Program - Aaron Grizz Griswold, FINOS - FINOS Sandbox - Karl Moll, FINOS - Final Announcements - Kendall Waters Perez, FINOS - Q&A #fintech #regtech #financialservices #opensource

🎫 Join Nikita Koselev of Mastercard for Navigating the Security Landscape of LLMs at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3JJ0Sp3 Talk Abstract In the rapidly evolving AI field, Large Language Models (LLMs) like GPT and BERT drive applications from natural language processing to generative content, presenting unique security challenges highlighted by the OWASP Top 10 for LLM Applications. This talk will dissect critical security vulnerabilities specific to LLMs, using real-world scenarios to demonstrate how these can be exploited, including adversarial attacks and privacy breaches. Attendees will gain a comprehensive understanding of LLM security terrain, enhanced by live hacking demonstrations, showing the practical implications of theoretical vulnerabilities. Key Takeaways: - Deep insights into OWASP's top security vulnerabilities for LLMs. - The impact of these vulnerabilities on businesses and users, underlining the need for strong security measures. - Hands-on knowledge to defend against LLM-specific attacks, featuring live demo hacking techniques and their countermeasures. 📆 OSFF Schedule: https://bit.ly/3JHxIGH Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity

📆 TOMORROW - Join us at 11am EDT / 4pm BST for our Virtual Q2 "All Community Call" for a sneak peak into #OSFF2024 London and and a view of what's happening in FINOS this quarter and beyond. ➡️ https://bit.ly/444bdFx #fintech #regtech #financialservices

📆 Join our Open Source Readiness SIG meeting today for a presentation from Shane Coughlan on the OpenChain Project https://lnkd.in/dVAYQdQH

🎫 Join Mark Shuttleworth of Canonical for Everything LTS: A New Approach to Open Source Security and Compliance at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3QrnJtb Talk Abstract How can a company enable its developers to use any upstream open source, and remain confident it can close all the CVEs in that stack? Mark will present a new approach to open source maintenance and the open source supply chain, developed in partnership with major clouds and silicon providers to underpin their fast-moving enterprise AI offerings. The extraordinary breadth of innovation available as open source comes with the risk of unmaintained and unauditable systems. Our approach aims to give the widest freedom to institutional developers, while supporting the CISO in their mission to ensure security of the estate. Building on the latest ideas in distroless containers, the result is a significant leap forward for those who need the latest open source with long term maintenance and compliance commitments. 📆 OSFF Schedule: https://bit.ly/3Uktdqx Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity

ICYMI this morning: Read the Fortune article by Sheryl Estrada on the launch of the #AI Readiness Special Interest Group (SIG) for the #FinancialServices Industry! 🎉 With quotes from Citi & Morgan Stanley on #aireadiness #opensource https://bit.ly/3JITE4g

🎟️ Join Ciara Carey 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/3xUEt5v Talk Abstract The EU's Cyber Resilience Act (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/3xQeBHR Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity