FINOS’ Post

Please join the session where we would discuss the important topic around cost and forking as part of FINOS Open Source Readiness!

The world of finance is no stranger to complexity. Add open-source development into the mix, and the stakes get even higher—compliance, regulations, and risks demand attention at every turn. In a space where technology and compliance often clash, understanding the nuances of open-source contributions can be a game-changer for financial institutions. Here’s to making open source in finance not just possible, but transformative! #OpenSource #Finance

🎫 Join Justus Ortlepp of The Linux Foundation for Tazama Real-Time Open Source Software for Fraud Detection at our Open Source in Finance Forum on 26th June in #London 🔗 https://bit.ly/3xPODo9 Talk Abstract Tazama is a recently launched project in the Linux Foundation. Tazama offers open source real-time transaction monitoring software for fraud and money-laundering detection. Our presentation introduces the product and its origin story, from its ideation as one of the Bill & Melinda Gates Foundation's Level One principles, to its MVP launch in April 2022 and ultimately its integration into the Linux Foundation. We will provide an overview of our mission, specifically to enable financial inclusion by promoting trust in digital financial ecosystems. We will also provide insight into our adjacent work in establishing a standards body that will collect and publish standards for reporting, sharing and actioning information on Financial Crime. Finally we will present the product itself to give the audience an overview of the features, capabilities and context within their own ecosystems. 📆 OSFF Schedule: https://bit.ly/3JCOhU8 Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity

Mifos and Fineract communities this is the chance for your voice to be heard! Fill out the 2024 State of Open Source in Financial Services survey using the unique link in our post below. It will only take 10 minutes of your time. Demonstrate the vibrancy and diversity of our open source community that is pioneering innovation in retail financial services and consumer fintech - a perspective that is still somewhat underrepresented in FINOS. For the first time, core banking is now one of the options to select for the question, "Which of the following aspects of financial services would most benefit from open source?"

📢 84% of respondents agree that using open source software (OSS) delivers business value! This insight comes from the 4th Annual State of Open Source in Financial Services report. Conducted by FINOS in collaboration with GitHub, The Linux Foundation Research, Red Hat, Scott Logic, and Sonatype the report highlights how the financial services industry is leveraging open source to drive business value and innovation. Learn more about the increasing adoption of OSPOs, evolving strategies, and how organizations are realizing the business benefits of open source. ➡️ Download the FREE 2024 report now: https://hubs.ly/Q02SKMLZ0 #FINOS #OpenSource #OSS #FinancialServices #Fintech #BankingTech #Survey #IndustryInsights #OSPO #BusinessValue

🎫 Unlocking Secure, Open Supply Chains - Join Emily Fox of Red Hat at our Open Source in Finance Forum on September 30th & October 1st. 🔗 https://hubs.ly/Q02M9wCK0 Talk Abstract Consuming open source is only a risky proposition if you don’t take the time to engineer a process that mitigates risk through security best practices of open source. Building a program for your organization to securely consume and contribute to open source is no different than developing new software. It is entirely determined by the practices, policies, technical controls, risk tolerance, and culture you establish and reinforce. From your software supply chain to your running services, open source can be both a reference and a guide to conducting the necessary diligence so that your investment in open source is a reward for you, your engineers, and your business. In this talk, we’ll explore assumptions about open source and open source security, tactics for managing secure open source consumption, reducing or mitigating risk presented by open source, and how to successfully use triangle composition to drive your efforts. 📆 OSFF Schedule: https://hubs.ly/Q02M9vhv0 Event presented by FINOS & The Linux Foundation #OSFF2024 #OSinFinance #opensource #fintech #financialservices #techevent #conference #opensourcecommunity

📢 88% of respondents say using open source software (OSS) improves software quality. ➡️ Download the FREE 2024 report now: https://hubs.ly/Q02SKJDL0 This year’s 4th Annual State of Open Source in Financial Services report clearly shows that the industry is maturing. Conducted by FINOS in collaboration with GitHub, The Linux Foundation Research, Red Hat, Scott Logic, and Sonatype the report highlights key trends in open source adoption, contribution, and leadership across the financial services sector. Learn more about the rise of OSPOs, evolving strategies, and how organizations are driving innovation with open source as they continue to mature. #FINOS #OpenSource #OSS #FinancialServices #Fintech #BankingTech #Survey #IndustryInsights #OSPO #SoftwareQuality

🎫 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

🎫 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

📢 50% of respondents agree that OSS use would increase with better understanding of the nontechnical value proposition of OSS 📖 Learn more in the 4th Annual State of Open Source in Financial Services report. Conducted by FINOS in collaboration with GitHub, The Linux Foundation Research, Red Hat, Scott Logic, and Sonatype the report explores how financial services professionals are increasingly contributing to and driving innovation in open source. ➡️ Download the FREE 2024 report now: https://hubs.ly/Q02ZJ_850 #FINOS #OpenSource #OSS #FinancialServices #GitHub #OSPO #Fintech #DeveloperContributions