Community Blog

In this episode of the FINOS podcast, Grizz Griswold interviews Mike Long, CEO and founder of Kosli. They discuss the challenges of AI readiness and managing risk in financial services, focusing on the importance of common control definitions in SDLC processes. Mike shares his journey from studying AI and computer science to founding Kosli, emphasizing the role of automation in governance and compliance. The conversation highlights the significance of community and collaboration within FINOS to solve industry-level problems, touching on AI, regulatory compliance, and the future of governance automation. Mike also reflects on the evolution of agent-based solutions and their applications in current tech environments. Tune in for insights on making engineering processes more efficient and the importance of shared understanding in tech and compliance.

Just nine months ago we unveiled the draft AI Governance Framework (AIGF) on stage at OSFF New York, inviting the industry to stress-test and extend the first open-source control set for GenAI in finance (see announcement here). Since then, the Community has work-shopped, debated and iterated through dozens of pull-requests and in-person sessions — from the SEC’s AI Roundtable in Washington (SEC Blogpost) to May’s practitioner workshop in New York (NYC Workshop Blogpost).

Today, the day before OSFF London, we graduate those efforts into AIGF v1.0 — a production-ready playbook that any financial-services institution can plug into its existing three-lines-of-defence model.

AI-powered assistants are rapidly transforming how software is built, but when it comes to maintaining and modernizing the complex, interdependent systems that power global finance, code generation alone isn’t enough. Most generative AI tools operate in a local, developer-centric loop—with the IDE internal code representation as context to generate new code and suggest code updates. But modernization at fintech scale demands something more: deterministic, scalable automation that operates with precision across thousands of repositories and millions of lines of code.

That’s where the OpenRewrite open-source automated refactoring framework comes in.

Open source is today not just tolerated in the world of finserv — it’s strategically embraced. From infrastructure automation to advanced analytics, open source software is a critical engine of innovation. 

This is especially true in cloud-native technologies, where open source projects like Kubernetes have sparked a whole vibrant CNCF ecosystem. Today, K8s is at the heart of modern IT, supporting everything from scalable application platforms in the cloud and data center, to edge computing and of course AI workloads.

In the high-stakes world of financial services, the imperative to innovate is matched only by the demand for rigorous compliance. At FINOS, the Fintech Open Source Foundation, we believe open source offers a transformative solution to this challenge—bringing together financial institutions, technology firms, and regulators to collaboratively build trusted, interoperable standards and tools.

This July, we’re proud to take that mission deeper into Europe for the Linux Foundation Europe Roadshow in Milan, taking place on 8 July, 2025!

The Open Source in Finance Forum (OSFF) is a leading international event bridging financial services and open source technology. This conference uniquely promotes partnerships, talent growth, and technological progress for faster, trusted, and secure financial solutions.

Financial services run on systems that need to be rock-solid. Trust, accuracy, and resilience are fundamental requirements in this industry. Yet, as we embrace microservices, cloud platforms, and real-time events, keeping complex financial processes running smoothly becomes a major challenge.

The Fintech Open Source Developer Day, hosted by FINOS as part of apidays New York, brought together technologists, and thought leaders to advance the conversation around open source and financial technology. The day commenced with Olivier Poupeney, Field CTO of FINOS, setting the stage for a series of sessions focused on collaboration, governance, and the transformative power of open source in finance.