Community Blog

Earlier this month, we successfully hosted the much-anticipated FINOS Open House and Member Meeting at the esteemed JP Morgan building, positioned on the scenic London Embankment.

The events brilliantly displayed the transformative power of open source technology in financial services and underlined the dynamism and impact of our expanding FINOS community. Over 400 attendees learned about FINOS' latest announcements and discussed new projects and collaborations - sparking enthusiasm about fresh areas of potential growth. We extend our deepest gratitude to our superb hosts and FINOS platinum members, J.P.Morgan, for their tremendous support and hospitality.

From our recent State of Open Source in Financial Services report, it indicates that financial organizations should engage in collaborative activities across various types of job functions to reap the benefits of open source.

Have you read the The State of Open Source in Financial Services report yet? The report gives insight into open source leadership, governance, collaboration and much more.

One of the key findings show that respondents have an appetite to consume and contribute to open source but lack clarity about governance, policies, processes, tools and training. As indicated in the below infographic the results show that 67% have an open source policy at their organization, 21% do not and 11% do not know. So there’s room for further improvements in the financial services industry.

FINOS’ recent report on The State of Open Source in Financial Services highlighted a number of key insights into open source leadership, governance, collaboration and much more.

One of the key findings indicated that firms could benefit from making open source part of their strategy and culture with clear leadership and communication. The results show that 50% of respondents had a leader for fostering an open source culture within their firm. So there’s definitely room for more organizations to embrace the concept.