Community Blog

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.

A New Initiative for Standardized Software Governance

On June 23rd, the day before OSFF London, Deutsche Bank, Morgan Stanley, and Kosli came together to establish a working group to create a standardized framework for software delivery governance that could transform how financial institutions define their SDLCs.

Building on the success of the Common Cloud Controls and the AI Governance Framework, this initiative aims to develop a shared, composable, and technology-agnostic vocabulary for SDLC controls—a common language that the entire industry can adopt and build upon.

The Fintech Open Source Foundation (FINOS) is a global community shaping the future of financial services through collaboration. This post explores why open source is vital for finance, how FINOS inspires a diverse community, and how you can get involved to help build a more open and innovative financial ecosystem.