Why Banks and Cloud Providers Are Choosing Collaboration Over Fragmentation
At Sibos 2025, I had the pleasure of moderating a panel with Allison Nachtigall (Microsoft) and Aric Rosenbaum (Red Hat) on the benefits of bringing together financial institutions and technology vendors to define common controls and how open collaboration can accelerate modernization in the financial sector — from cloud adoption to AI risk governance.
A New Initiative for Standardized Software Governance
On June 23rd, the day before OSFF London, Deutsche Bank, Morgan Stanley, and Kosli came together to establish a working group to create a standardized framework for software delivery governance that could transform how financial institutions define their SDLCs.
Building on the success of the Common Cloud Controls and the AI Governance Framework, this initiative aims to develop a shared, composable, and technology-agnostic vocabulary for SDLC controls—a common language that the entire industry can adopt and build upon.
The Fintech Open Source Foundation (FINOS) is a global community shaping the future of financial services through collaboration. This post explores why open source is vital for finance, how FINOS inspires a diverse community, and how you can get involved to help build a more open and innovative financial ecosystem.
Financial services run on open source. With regulations growing and supply chains under pressure, institutions need clear frameworks and reliable data to keep systems secure. At the Open Source in Finance Forum (OSFF) the OpenSSF community is sponsoring and sharing sessions on the OSPS Baseline, vulnerability data, and AI security. These talks demonstrate how our community is making open source more secure and useful to financial services.
Join us for a recap of our Q3 All Community Call, where we shared exciting updates from across the FINOS ecosystem! In this session, we covered key announcements, upcoming events, and the latest initiatives in open source in finance.
Whether you missed the live call or want to revisit some of the insights, we’ve got you covered with the full recording and slides below. Don't miss out on this opportunity to stay connected with the FINOS community and catch up on the latest developments.
Generative AI is transforming every sector, but in financial services its adoption comes with unique stakes: compliance, trust, and systemic risk. While large language models (LLMs) and other AI systems promise productivity gains across research, compliance, trading, and customer engagement, they also introduce challenges that generic benchmarks cannot adequately address.
This tension was at the heart of the recent FINOS workshop and techsprint in London, where engineers, architects, developers and open-source contributors working in the FSI converged to shape an Evaluation Framework for AI in Finance.
Interested in FINOS open source AI? Click the link below to see how to get involved in the FINOS AI Community.
I made the quick hop from Dublin to London for the Open Source in Finance Forum (OSFF) 2025. From the moment I arrived, it was clear I was in the midst of something special—the energy was unmistakable. (The weather was incredible too!) Engineers, innovators, and open source leaders from across fintech were gathering, eager to connect and push the boundaries of collaborative technology.
I recently had the opportunity to speak at the Open Source in Finance Forum (OSFF) in London, a key event where the financial services industry gathers to tackle its most important questions. There, I sat down with James McLeod of NatWest Group for a fireside chat that crystallized a shift I’m seeing across the financial services landscape. Our conversation focused on the industry’s evolution from being passive consumers of open source to becoming active creators of value.
