Across every bank, you can feel the same tension: we have modern technology everywhere, yet the information behind it still lives in silos. The front end looks digital, but the plumbing underneath remains stitched together from systems that were never designed to talk. Each department guards its own data, its own definitions, and its own language. What should be a simple movement of information often turns into a slow relay from one application to another.
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.
In today’s innovation-driven economy, open source software has become a powerhouse for collaboration, rapid development, and cost-effective solutions. At the same time, patents—often seen as tools of exclusivity and protection—play a crucial, if sometimes underappreciated, role in safeguarding these projects. When managed strategically, patents not only protect innovations but also enhance the credibility and financial viability of open source initiatives. This article explores the intersection of patents and open source projects, with a particular emphasis on their importance in the financial sector.
