--- title: "FINOS in the News - CNBC: Goldman Sachs is planning on giving some of its most valuable software to Wall Street for free" description: "CNBC recently reported that \"Goldman Sachs' spent 14 years developing a platform called Alloy to help it access and analyze the growing set of financial databases being created across the firm. Now Goldman is taking the unusual step of making that program, as well as the language underlying it, available to the rest of Wall Street for free as open-source software in collaboration with a nonprofit called FINOS.\"" image: https://www.finos.org/hubfs/cnbc-goldman.png --- [![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) - 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[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 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) ![FINOS News](https://www.finos.org/hubfs/FINOS/website/banner-backgrounds/Community%20(Teal%2080).png) # FINOS News ## FINOS in the News - CNBC: Goldman Sachs is planning on giving some of its most valuable software to Wall Street for free November 25, 2019 [CNBC recently reported that](https://www.cnbc.com/2019/11/20/goldman-sachs-is-giving-away-software-to-wall-street-for-free.html) "Goldman Sachs' spent 14 years developing a platform called Alloy to help it access and analyze the growing set of financial databases being created across the firm. Now Goldman is taking the unusual step of making that program, as well as the language underlying it, available to the rest of Wall Street for free as open-source software in collaboration with a nonprofit called FINOS." [![cnbc-goldman](https://www.finos.org/hs-fs/hubfs/cnbc-goldman.png?width=600&name=cnbc-goldman.png)](https://www.cnbc.com/2019/11/20/goldman-sachs-is-giving-away-software-to-wall-street-for-free.html)   "Goldman is taking the unusual step of making its data modeling program Alloy, as well as the language underlying it, available to the rest of Wall Street for free as open-source software.   By giving it away, Goldman hopes to reduce its own costs when dealing with trading counterparties among banks and asset managers and compliance requests from regulators. 'We’re using Alloy because it radically reduces the cost of wrangling disparate datasets and disparate sources of data together' said Goldman’s co-chief data officer, Jeff Wecker.   Gabriele Columbro, executive director of Finos, said he believed the step by Goldman would have a 'far-reaching impact' on the financial industry."   [Read the Full Article Here](https://www.cnbc.com/2019/11/20/goldman-sachs-is-giving-away-software-to-wall-street-for-free.html) --- [**Interested in learning more about Alloy and Pure, and other FINOS Projects?**](https://www.finos.org/pure-alloy)   [![More About The Pure & Alloy Contribution](https://no-cache.hubspot.com/cta/default/2419532/69779b95-e480-485c-b408-a0962db9764f.png)](https://cta-redirect.hubspot.com/cta/redirect/2419532/69779b95-e480-485c-b408-a0962db9764f)       ### Share this: - [Tweet](https://twitter.com/share) [← FINOS in the News - Markets Media: Goldman Sachs Open Sources Data Modeling](https://www.finos.org/news/finos-in-the-news-markets-media-goldman-sachs-open-sources-data-modeling) [FINOS in the News - TechCrunch: Fintech’s next decade will look radically different →](https://www.finos.org/news/finos-in-the-news-techcrunch-fintechs-next-decade-will-look-radically-different) [![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) ![](https://px.ads.linkedin.com/collect/?pid=537250&fmt=gif)