Community Blog

In this episode of the FINOS podcast, Grizz Griswold interviews Sudhir Prasad, Director of Product Management at Red Hat, about the critical role of AI in enhancing software supply chain security. They delve into important topics such as leveraging AI for supply chain security, the transparency and provenance of AI models, and the challenges of integrating open-source solutions. Sudhir shares his journey from a developer to a product management leader and discusses best practices for ensuring software integrity, unburdening developers, and the importance of regulatory compliance. Tune in to gain valuable perspectives on the evolving landscape of software security and AI.

In this episode of the FINOS podcast, Grizz Griswold interviews Max, the Co-Founder and CTO of Temporal, which is a new member of FINOS. They delve into the concept of durable execution, a groundbreaking approach that allows processes to persist despite system failures, significantly improving developer productivity and resiliency. Max shares his extensive journey, from his early days at Amazon to co-founding Temporal, and the insights gained along the way.

The discussion also explores the open-source model, the importance of security in financial services, and how Temporal's technology is revolutionizing the industry. Tune in to learn about the challenges and triumphs of building and managing a tech company, especially in the open-source ecosystem.

The FINOS Tech Sprint 2024 from July 16 to September 30 brought together the best of open source, collaboration and cutting-edge technology to tackle real-world challenges in financial services. The excitement peaked last week at Microsoft Ignite, where one of our standout use cases, developed on TraderX took center stage during a keynote!  This year also took a significant step forward in bridging the recently merged OS-Climate community with FINOS members and projects, further enhancing our shared commitment to open source.

TradeHeader is a co-creator of the Common Domain Model (CDM) framework.  It is one of the few maintainers of the standard, participates in day-to-day development and is committed to driving the adoption of CDM across the industry. 

As a partner to FINOS on CDM, TradeHeader provides advisory and implementation services on CDM, as well as specialist training to a variety of firms.

Take the Introduction to CDM LFEL1016 Training!

In a highly competitive market, financial services organizations and fintech companies face the challenge of evolving their technologies while maintaining a robust, secure, and compliant infrastructure. The role of open source software has become increasingly pivotal. At this exciting intersection of collaboration and regulation adherence, I have decided to join the Fintech Open Source Foundation (FINOS) as a Field CTO. This move is not just a career transition for me, it is a commitment to shaping the future of finance through the power of open source.

In this episode of the FINOS podcast, Grizz Griswold interviews Cole Kennedy, founder and CEO of TestifySec. Explore the importance of compliance in AI and DevOps, especially within highly regulated industries like financial services and defense. Learn about the challenges of data governance in AI models, the necessity of tracking and verifying compliance processes, and how the In-toto project offers a framework for cryptographic validation.

Cole shares insights from his diverse journey, including his military background, engineering pursuits, and the inception of TestifySec. Discover the future of AI compliance and the role of open source in driving innovation.

Data challenges are universal and only grow more complex each year, but I’ve observed that many financial services firms still lack open source software capabilities to address basic data quality and accuracy challenges. Conversations with fellow delegates at the recent OSFF NYC further affirmed my belief that common reporting and regulatory compliance requirements are forcing software developers to re-implement ad hoc common concepts - such as soft-deletes, audit-logging, and as-of queries - in almost every system they build, regardless of scale. Beyond the sheer inefficiency of it all, this implies that firms are becoming overly reliant on the abilities of large (and expensive) engineering teams to build and maintain these capabilities correctly. Let’s consider how open source software might rise to meet this challenge.

Currently in its incubation stage, the LLM Exploration Project adopts a use case-driven approach informed by our initial design thinking exercise. Following the first Use Case Identification Workshop at OSFF London, the second workshop at OSFF NYC brought together industry experts to delve into how Large Language Models (LLMs) can be applied to the Common Domain Model (CDM) to enhance interoperability and accessibility.