---
title: Is Policy to Blame for Big Banks Not Adopting New Technology?
description: Chart IQ recently attended Symphony Software Foundation's Annual Members Meeting and discussed the adoption of open source and new technologies for banks.
image: https://www.finos.org/hubfs/Imported_Blog_Media/SFF%20Meeting%202.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 NY Workshops](https://www.finos.org/osff-ny-2026-workshops)
    - [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 NY Workshops](https://www.finos.org/osff-ny-2026-workshops)
    - [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)

![Community Blog](https://www.finos.org/hubfs/10.04.19.FINOS_WebsiteBanners_3.png)

# Community Blog

# Is Policy to Blame for Big Banks Not Adopting New Technology?

 August 01, 2017

[Jim Bunting](https://www.finos.org/blog/author/jim-bunting)

A small team from ChartIQ recently attended the [Symphony Software Foundation (SSF)](http://symphony.foundation/) Annual Members Meeting. With us, there were around fifty technology savvy innovators belonging to everything ranging from small fintech startups to large global investment banks.  
   
![Annual Members Meeting General Session](https://www.finos.org/hs-fs/hubfs/Imported_Blog_Media/SFF%20Meeting%202.jpg?width=660&name=SFF%20Meeting%202.jpg "Annual Members Meeting General Session")

With Gab Columbro at the helm, presenters discussed the importance of collaboration with one another, not just for the greater good, but for the sake of immediate self interest. Fintech is rapidly evolving and it is important that large global investment banks plan to transition from legacy stacks to a more modern technology architecture, whether that is by leveraging the power of open-source internally or by partnering with smaller, more nimble technology providers.

While adapting to new technology is a hurdle, a bigger one might be that large institutions  are challenged by their own corporate policies. The bulk of the working group discussions centered around ways in which key players at banks might help create internal policies to allow for safe, speedier adoption of modern technology into the stack. Each member expressed various internal policies that helped and hindered the open-source software development lifecycle and open-source adoption as it pertains to enterprise.

The difficulty is that open source, the presumed solution to legacy fragmentation, has a tendency to fragment. Ask three Javascript developers for the correct answer to a problem, and you will end up with Angular, React, and Vue.

Ultimately, we feel that the question is if governing policies dictate the innovator’s ability to select the right tool for the right job, be it in-house or third-party built, closed or open source.

Download the ***[Bridge to HTML5](https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=c9227152-8aa2-40ba-977a-d8712bd9bdf6&placement_guid=4d2fa206-d220-4b23-88eb-a088c0fdedc3&portal_id=2246990&redirect_url=APefjpEDAKycMyjIBQ87fLHlC09CeGx10B1BE4biCoiUOtzS-zYjHP32nGFWQCO1xdvj2qHWWXZYqFWwy2Qd0iXi9jORod-XYOrVdZftL-gQnJ8XTF1ZdRkXXOWYRkfQS8zKrOjBej-Q2r707J-jSRfFbXpXBCIKi46ydOV9cfjhR9QxdjAhlB89xSyvRqnMQzITjCbMC0VcW9ViGyptL6fUIQIMCEx7ZYMyIYCBACVxsVEZePVHK6rxmyPNRvGQm8KtbAff3r-e&hsutk=db15a78b58f0e1fe711e31f5892463f1&canon=http%3A%2F%2Fblog.chartiq.com%2Fis-policy-to-blame-for-big-banks-not-adopting-new-technology&click=4ba197d4-5810-45bd-976c-cc95e604cfd0&__hstc=190201844.db15a78b58f0e1fe711e31f5892463f1.1500985956938.1500985956938.1500985956938.1)*** guide to see how ChartIQ is using HTML5 technology to help financial organizations adapt.

 

### Share this:

- [Tweet](https://twitter.com/share)

<https://www.finos.org/blog/is-policy-to-blame-for-big-banks-not-adopting-new-technology>

[← 2017 Annual Members Meeting Round-Up](https://www.finos.org/blog/annual-members-meeting-2017-round-up)

[Meet cla-bot, Our IP Compliance Minion →](https://www.finos.org/blog/meet-cla-bot-our-ip-compliance-minion)

[![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/)

[![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)  
[info@finos.org](mailto:info@finos.org)  
+1 (650) 665-9773

[Privacy |](https://www.finos.org/privacy-policy)[Terms of Service |](https://www.finos.org/terms-of-service)[Community Code of Conduct |](https://www.finos.org/code-of-conduct)[Email Preferences](https://www.finos.org/hs/manage-preferences/unsubscribe-simple)