Community Blog

Retail banking has transformed dramatically over the past generation. Branch counters gave way to apps and digital channels, but the real complexity still sits behind the screen. Every new platform has solved one problem and quietly created another. Core systems remain fragmented, data is duplicated across departments, and even simple customer updates can travel through a maze of systems before anything actually changes.

What banks need now is not another expensive transformation programme but a way to make what they already have worked together. The idea of open source offers a practical route forward.

In the world of modern software architecture, APIs provide the connectivity, but orchestration provides the logic. Whether you are chaining microservices, managing long-running transactions, or coordinating AI agents, the "glue" that holds your APIs together is becoming just as critical as the endpoints themselves.

This December 11th, at apidays Paris, FINOS (The Fintech Open Source Foundation) is bringing a new, production-grade answer to the orchestration challenge: Fluxnova.

From Guardrails to Guidance - Evolving with the AI Frontier

When we launched the FINOS AI Governance Framework (AIGF) just over a year ago, our goal was clear: to help financial institutions safely harness the power of AI by translating regulatory expectations and best practices into open, actionable controls. Version 1.0 established a vendor-neutral foundation for AI risk management across 30 risks and associated mitigations, a blueprint any FSI could embed into its existing governance and compliance models.

When more than a thousand leaders from across global finance gathered at Convene Brookfield Place in New York, the message was clear: open collaboration has moved from principle to performance. The Open Source in Finance Forum (OSFF) New York 2025, hosted by FINOS and the Linux Foundation, was not just another industry gathering. It was proof that open source now delivers measurable business value across innovation, risk management, and operational efficiency.

The event marked a milestone for the open-finance movement. With record sponsorship, over 1,000 registrants, and representation from the world’s leading financial institutions, technology providers, and regulators, OSFF New York 2025 showcased how open collaboration has become an integral part of how the financial industry builds, secures, and scales technology.

(If you were not able to join us in person, all of the videos from the presentations can be found on the FINOS website here.)

Have you ever wished your work apps could talk to each other? The FDC3 standard, a project under FINOS, is making that a reality for the financial industry. This post explains what FDC3 is, why it matters for everyday work, and how it helps different applications work together as one.

During our recent Open Source in Finance Forum (OSFF) in New York, we had the honor of recognizing some of the outstanding individuals making meaningful contributions and driving positive impact across the open source in financial services ecosystem.

We’re incredibly grateful for their efforts and for the many others who continue to support and strengthen this growing community. We’re pleased to highlight the recipients of the 2025 FINOS North America Community Awards. 

Advancing the FINOS mission to enable financial institutions to scale, modernize, and enhance profitability through open technologies.

A Major Milestone for Open Standards and Financial Interoperability

The Common Domain Model (CDM) has officially achieved Active Project status at FINOS, meeting a rigorous set of requirements and marking a defining moment in the industry’s move toward true digital interoperability. This achievement demonstrates the model’s accelerating adoption and the strength of the open-source community driving it forward.

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.