--- title: 2023 State of Open Source in Financial Services description: FINOS, the Fintech Open Source Foundation, and its research partners, GitHub, Linux Foundation Research, Red Hat and Scott Logic conducted a survey and key stakeholder interviews to understand the state of open source adoption, contribution, and readiness in the financial services industry. Download the report to learn more. image: https://www.finos.org/hubfs/State%20of%20Open%20Source%20in%20Finance%20Survey%202023/2023%20State%20of%20Open%20Source%20in%20Financial%20Services%20Cover.jpg --- [![FINOS](https://www.finos.org/hs-fs/hubfs/sofin%20assets/SOFIN%20LOGOS/finos-logo.png?width=543&height=126&name=finos-logo.png "FINOS")](https://finos.org) - [Projects](https://www.finos.org/projects) - [Artificial Intelligence (AI)](https://ai.finos.org/) - [Common Domain Model (CDM)](https://www.finos.org/common-domain-model) - [FDC3](https://www.finos.org/fdc3) - [Fluxnova](https://fluxnova.finos.org) - [FINOS Common Cloud Controls](https://www.finos.org/common-cloud-controls-project) - [High Performance Computing (HPC)](https://hpc.finos.org) - [OSERA](https://osera.finos.org/) - [Open Source Readiness Initiative](https://www.finos.org/open-source-readiness) - [OS-Climate](https://www.finos.org/os-climate) - [Try our Projects](https://www.finos.org/project-sandbox) - [All Projects Landscape](https://landscape.finos.org/) - [Community](https://www.finos.org/engage-with-our-community) - [FINOS Community Calendar](https://www.finos.org/calendar) - [Community Quickstart](https://www.finos.org/get-involved) - [FINOS Community Site](https://community.finos.org/) - [Contribute](https://community.finos.org/docs/governance/Software-Projects/contribution) - [Unable to Contribute?](https://www.finos.org/open-source-readiness) - [Join our Slack channel](https://finos-lf.slack.com/messages/finos-community/) - [Recognize a contributor](https://github.com/finos/community/issues/new?assignees=mcleo-d&labels=community-recognition&template=Community-Recognition.md&title=FINOS+Community+Recognition) - [Ambassador Program](https://www.finos.org/ambassador-program) - [Membership](https://www.finos.org/membership-benefits) - [Members](https://www.finos.org/members) - [Inquire](https://www.finos.org/membership-benefits#become-a-member) - [Join](https://joinnow.platform.linuxfoundation.org/?project=finos) - [Member ROI Summary & Calculator](https://www.finos.org/roi-report-calculator) - [Dependency Consumption Analysis](https://www.finos.org/dependency-consumption-analysis) - Resources - [2025 Mission & Vision](https://www.finos.org/2024-in-review-2025-vision) - [Research & Case Studies](https://www.finos.org/research-case-studies) - [Training](https://training.linuxfoundation.org/finos/) - [Open Source Maturity Model](https://osr.finos.org/docs/bok/OSMM/Introduction) - [Contributions Live Dashboard](https://metrics.finos.org) - [Our Github Organization](https://github.com/finos/) - [Our Developer Toolchain](https://odp.finos.org/) - [FINOS Store](https://store-finos.myshopify.com/) - News & Events - [This Week At FINOS](https://www.finos.org/this-week-at-finos) - [Community Blog](https://www.finos.org/blog) - [Newsletter](https://www.finos.org/newsletter) - [Podcast: Open Source in Finance](https://www.finos.org/open-source-in-finance-podcast) - [Press Releases](https://www.finos.org/press) - [FINOS Events](https://www.finos.org/hosted-events) - [Community Events](https://www.finos.org/featured-events) - [Community Spotlight](https://www.finos.org/community-spotlight) - [Stay Informed](https://www.finos.org/sign-up) - [About](https://www.finos.org/about-us) - [Stay Informed](https://www.finos.org/sign-up) - [FAQs](https://www.finos.org/faq) - [Contact Us](https://www.finos.org/contact-us) - [Governing Board](https://www.finos.org/governing-board) - [Technical Oversight Committee](https://www.finos.org/technical-oversight-committee) - [Team](https://www.finos.org/team) - [Governance](https://www.finos.org/governance) - [Code of Conduct](https://www.finos.org/code-of-conduct) - [OSFF + Videos](https://events.linuxfoundation.org/open-source-finance-forum) - [OSFF 2026](https://events.linuxfoundation.org/open-source-finance-forum/) - [OSFF Toronto 2026 Videos](https://www.finos.org/osff-toronto-2026-videos) - [OSFF New York 2025 Videos](https://www.finos.org/osff-nyc-2025-videos) - [OSFF London 2026 Videos](https://www.finos.org/osff-london-2026-videos) - [apidays Paris 2025 Videos](https://www.finos.org/apidays) - [Projects](https://www.finos.org/projects) - [Artificial Intelligence (AI)](https://ai.finos.org/) - [Common Domain Model (CDM)](https://www.finos.org/common-domain-model) - [FDC3](https://www.finos.org/fdc3) - [Fluxnova](https://fluxnova.finos.org) - [FINOS Common Cloud Controls](https://www.finos.org/common-cloud-controls-project) - [High Performance Computing (HPC)](https://hpc.finos.org) - [OSERA](https://osera.finos.org/) - [Open Source Readiness Initiative](https://www.finos.org/open-source-readiness) - [OS-Climate](https://www.finos.org/os-climate) - [Try our Projects](https://www.finos.org/project-sandbox) - [All Projects Landscape](https://landscape.finos.org/) - [Community](https://www.finos.org/engage-with-our-community) - [FINOS Community Calendar](https://www.finos.org/calendar) - [Community Quickstart](https://www.finos.org/get-involved) - [FINOS Community Site](https://community.finos.org/) - [Contribute](https://community.finos.org/docs/governance/Software-Projects/contribution) - [Unable to Contribute?](https://www.finos.org/open-source-readiness) - [Join our Slack channel](https://finos-lf.slack.com/messages/finos-community/) - [Recognize a contributor](https://github.com/finos/community/issues/new?assignees=mcleo-d&labels=community-recognition&template=Community-Recognition.md&title=FINOS+Community+Recognition) - [Ambassador Program](https://www.finos.org/ambassador-program) - [Membership](https://www.finos.org/membership-benefits) - [Members](https://www.finos.org/members) - [Inquire](https://www.finos.org/membership-benefits#become-a-member) - [Join](https://joinnow.platform.linuxfoundation.org/?project=finos) - [Member ROI Summary & Calculator](https://www.finos.org/roi-report-calculator) - [Dependency Consumption Analysis](https://www.finos.org/dependency-consumption-analysis) - Resources - [2025 Mission & Vision](https://www.finos.org/2024-in-review-2025-vision) - [Research & Case Studies](https://www.finos.org/research-case-studies) - [Training](https://training.linuxfoundation.org/finos/) - [Open Source Maturity Model](https://osr.finos.org/docs/bok/OSMM/Introduction) - [Contributions Live Dashboard](https://metrics.finos.org) - [Our Github Organization](https://github.com/finos/) - [Our Developer Toolchain](https://odp.finos.org/) - [FINOS Store](https://store-finos.myshopify.com/) - News & Events - [This Week At FINOS](https://www.finos.org/this-week-at-finos) - [Community Blog](https://www.finos.org/blog) - [Newsletter](https://www.finos.org/newsletter) - [Podcast: Open Source in Finance](https://www.finos.org/open-source-in-finance-podcast) - [Press Releases](https://www.finos.org/press) - [FINOS Events](https://www.finos.org/hosted-events) - [Community Events](https://www.finos.org/featured-events) - [Community Spotlight](https://www.finos.org/community-spotlight) - [Stay Informed](https://www.finos.org/sign-up) - [About](https://www.finos.org/about-us) - [Stay Informed](https://www.finos.org/sign-up) - [FAQs](https://www.finos.org/faq) - [Contact Us](https://www.finos.org/contact-us) - [Governing Board](https://www.finos.org/governing-board) - [Technical Oversight Committee](https://www.finos.org/technical-oversight-committee) - [Team](https://www.finos.org/team) - [Governance](https://www.finos.org/governance) - [Code of Conduct](https://www.finos.org/code-of-conduct) - [OSFF + Videos](https://events.linuxfoundation.org/open-source-finance-forum) - [OSFF 2026](https://events.linuxfoundation.org/open-source-finance-forum/) - [OSFF Toronto 2026 Videos](https://www.finos.org/osff-toronto-2026-videos) - [OSFF New York 2025 Videos](https://www.finos.org/osff-nyc-2025-videos) - [OSFF London 2026 Videos](https://www.finos.org/osff-london-2026-videos) - [apidays Paris 2025 Videos](https://www.finos.org/apidays) ![](https://www.finos.org/hubfs/10.04.19.FINOS_WebsiteBanners_3.png) # THE 2023 STATE OF OPEN SOURCE IN FINANCIAL SERVICES   [![2023 REPORT DOWNLOAD](https://no-cache.hubspot.com/cta/default/2419532/interactive-143060920072.png)](https://www.finos.org/hs/cta/wi/redirect?encryptedPayload=AVxigLI0u3z%2BGy%2FC1MFcmrU%2BcoHgSfFzVLf7nY07QxT8%2F6OdZ6wdVdMZH8bAPe7llApwn7eoHPR%2F14xtCALvOp%2BGnWfxrTa%2BHeZQP67Ca4%2BvPNpA%2Fntt%2FzGgsPhk3qwxwxgZQaSThHRGhHqihdwFD1UtDN2PZB2D72TXhVNPDzooUP3mJ3Gvas30x2zNYU5v3IOwSXPfkNDtaMwvq8ZghRfGlUe2OPlPi%2Bqcm3ydRyxkuBKfb7Zrgr694rVxLaC9zwz4keuOh8QsxQjqxuRajrXHxQky97rWVlfP4X8jtdPq%2BTL2G1B%2FvC4%3D&webInteractiveContentId=143060920072&portalId=2419532&hsLang=ja-jp) [![DOWNLOAD 2023 INFOGRAPHIC](https://no-cache.hubspot.com/cta/default/2419532/interactive-143060919947.png)](https://www.finos.org/hs/cta/wi/redirect?encryptedPayload=AVxigLInCvxRtjZ4BB2oDdUwUjsNbTfYjr%2BsKqXH3EcOu%2BkoU0HiFKlB57PyG0Uk0xgJKeoMF7eTm1OgbDdDOgzXOhwPIkQ4A7z7%2BOXC%2FMqEHEWnQQldiZvgfdvo%2BDETSiBDc0CNNhqiDbEpRPuB4Xc%2FO49BpykzzN7n5Vh%2F54O9SJAGDpB2Ed%2BYKKl6htMLnhenuFBlCxGymjPE2j%2BLAc%2BcumVoW5wRj49usadcwxdLPCbN8zWg7pDA0bDPpexCiNkjeaU3TpXZ4%2FCsBb4%2F1UkAG%2BoGPA8cw7maz509VD%2FI5TOU%2BAErDpNX5QguJy6MxCCNcSUQa1jyUljZl%2FMXKLXBDli6pJNltVh%2F0Bymzn2ioiJe%2BfqYiOgK8n4JuBbTt00vimPjXiB%2BiFksjbQ3mgKG9hT4P3VaNbdS&webInteractiveContentId=143060919947&portalId=2419532&hsLang=ja-jp) [![DOWNLOAD 2023 OPEN DATA](https://no-cache.hubspot.com/cta/default/2419532/interactive-143096258070.png)](https://www.finos.org/hs/cta/wi/redirect?encryptedPayload=AVxigLLF5BquveL5Z3YJugnthpvh%2FhzxmHEQ%2BDjdJzYlKO99bMRSQJDpIj0SS%2BRPwauBvwXmnumi2UWKYvciEgV4qc8wP%2FYdaV1dgENXQwpzOWQRyFIvQJ%2B2IpyPzHbLXXtOjSnvgmIUb4WohNqlFI3xrcNEZIhQ3nXXVwntiAJgJ2i6bawXqr%2BwqUioyTUt%2FnkDmRwz3BN5e7%2F3Lrq2SsWJQHHkBVG%2FP%2BcVZYNJoAbsDyrCuJQ0PsVarhzleGgC4xM%3D&webInteractiveContentId=143096258070&portalId=2419532&hsLang=ja-jp)   [![2022 REPORT DOWNLOAD](https://no-cache.hubspot.com/cta/default/2419532/interactive-143059774863.png)](https://www.finos.org/hs/cta/wi/redirect?encryptedPayload=AVxigLJk9KjCOMHIG9TPXIL23tZyO34nhYiu%2FLJGCdtG0rlBSeLmKHUCeekllyNoT4Cy8bgch8FzVrjGrLGQqeC4W5OrLAbyD1Srg7gnnmaPq71dJfhcLinR9sanp12uBR6QOGIVuQIqOalYcFpjr3%2Fmt3t%2FLQOJkIYucDA4k2d78muHUrsbR8CUucdbDGT%2BYwpS0CPuSS%2FaTvNnChcdJkHaA6iyih%2F0MQmvI8jpV%2BOEeRzafs1jNX5Z6vmcZwaN0SA%3D&webInteractiveContentId=143059774863&portalId=2419532&hsLang=ja-jp) [![2021 REPORT DOWNLOAD](https://no-cache.hubspot.com/cta/default/2419532/interactive-143059774993.png)](https://www.finos.org/hs/cta/wi/redirect?encryptedPayload=AVxigLJX8Y%2BqsLsfwFG8sKwVFLGkE41EV%2B2LDiBtYrWfUDKFgUsiV0r1r6Krj3CMeQsQtHsYjiJ6TPF9u7wlnxMtQna8a8mEpUnlsPJjN4arJwFi5f57Syf9AGVzzVx5R%2FbjMMluN6z%2BnqFAwCmCeX0v4ed3zK9im6gtZVuyIKoDMg1OtIV1nhwOjxVQyblkcfD4SRnly2oDAnKtlQbl%2B7wC9YCSMaFjr8vXrZEeq06mLXcOsL%2BmYW0kuXxwnvTRItr3tXz%2BUSw%3D&webInteractiveContentId=143059774993&portalId=2419532&hsLang=ja-jp) **Report Abstract** In the three years we’ve run this survey, we’ve kept many questions the same or similar to evaluate year-on-year trends. This year’s report clearly shows that the industry is maturing. There is consistent recognition that open source is valuable to the financial services industry and individual organizations. Organizations are implementing more OSPOs, defining clearer strategies, allowing more consumption, and allocating more time for contributions. Smaller organizations are having a significant impact, while it takes larger financial institutions more time to shift internal culture and embed open source best practices and tooling across their tens of thousands of employees. As the larger corporations catch up, we look forward to continued growth and engagement. This report undertakes an exploration and juxtaposition of the prevailing landscape of open source adoption, contribution, leadership, and governance within the financial services sphere. Its focus is capturing the industry’s rapid evolution. Leaning on insights from subject matter experts at prominent organizations across the sector, the report illuminates strategic prospects and organizational merits stemming from open source. Furthermore, it probes the distinctive challenges faced by the industry, providing insights on how to solve them.   **Questions** If you have questions regarding the survey or report please email us at [**info@finos.org**](mailto:info@finos.org).       ![Linux Foundation_The 2023 State of the Open Source in Financial Services_cover](https://www.finos.org/hs-fs/hubfs/State%20of%20Open%20Source%20in%20Finance%20Survey%202023/Linux%20Foundation_The%202023%20State%20of%20the%20Open%20Source%20in%20Financial%20Services_cover.png?width=800&name=Linux%20Foundation_The%202023%20State%20of%20the%20Open%20Source%20in%20Financial%20Services_cover.png "Linux Foundation_The 2023 State of the Open Source in Financial Services_cover") [![FINOS Logo](https://www.finos.org/hs-fs/hubfs/sofin%20assets/SOFIN%20LOGOS/FINOS_Icon_Wordmark_White.png?width=689&height=971&name=FINOS_Icon_Wordmark_White.png "FINOS Logo")](https://www.finos.org/?hsLang=ja-jp) [![Twitter logo](https://finos.org/hubfs/2419532/FINOS/website/logos/social-logos/twitter-blue-social-panel.png)](https://twitter.com/finosfoundation) [![GitHub logo](https://finos.org/hubfs/2419532/FINOS/website/logos/social-logos/github-black-social-panel.png)](https://finos.github.io) [![LinkedIn logo](https://finos.org/hubfs/2419532/FINOS/website/logos/social-logos/linkedin-blue-social-panel.png)](https://www.linkedin.com/company/finosfoundation) [![SlideShare logo](https://finos.org/hubfs/2419532/FINOS/website/logos/social-logos/Homepage%20Social%20Panel/slideshare-logo.png)](https://www.slideshare.net/finosfoundation) [![YouTube logo](https://finos.org/hubfs/2419532/FINOS/website/logos/social-logos/Homepage%20Social%20Panel/youtube_logo-1.png)](https://www.youtube.com/channel/UCfJAdRALzJ7J7snubrb_Y-Q) [Contact Us](https://www.finos.org/contact-us?hsLang=ja-jp) [info@finos.org](mailto:info@finos.org) +1 (650) 665-9773 [Privacy | ](https://www.finos.org/privacy-policy?hsLang=ja-jp)[Terms of Service |](https://www.finos.org/terms-of-service?hsLang=ja-jp)[Community Code of Conduct |](https://www.finos.org/code-of-conduct?hsLang=ja-jp)[Email Preferences](https://www.finos.org/hs/manage-preferences/unsubscribe-simple?hsLang=ja-jp) ![](https://px.ads.linkedin.com/collect/?pid=537250&fmt=gif)