--- title: "FINOS in the News - E-Financial Careers: Morning Coffee: Goldman Sachs is giving things away" description: Why would you spend millions of dollars on a highly specialised piece of risk management software and then give it away for free? That’s what Goldman Sachs is planning to do with the Alloy platform and PURE programming language which it uses internally to extract information from a variety of databases and consolidate it into a consistent format. image: https://www.finos.org/hubfs/efinancialcareers-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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[![efinancialcareers-goldman](https://www.finos.org/hs-fs/hubfs/efinancialcareers-goldman.png?width=600&name=efinancialcareers-goldman.png)](https://news.efinancialcareers.com/uk-en/3002710/goldman-sachs-alloy) "Why would you spend millions of dollars on a highly specialised piece of risk management software and then give it away for free? That’s what Goldman Sachs is planning to do with the [Alloy](https://www.cnbc.com/2019/11/20/goldman-sachs-is-giving-away-software-to-wall-street-for-free.html) platform and PURE programming language which it uses internally to extract information from a variety of databases and consolidate it into a consistent format. ...Goldman has decided to hand it over to [Finos](https://www.finos.org/press/goldman-announces-pure-alloy-contribution), the Fintech Open Source Foundation, to eventually be distributed to the world. (Initially, an external version of Alloy is being made available, then selected partners will be invited to get a taste of PURE; Goldman and Finos want to get feedback on how other institutions might use the product, so as to maximise takeup)..."   [Read the Full Article Here](https://news.efinancialcareers.com/uk-en/3002710/goldman-sachs-alloy) \--- [**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 - SD Times Open-Source Project of the Week: Perspective](https://www.finos.org/news/finos-in-the-news-sd-times-open-source-project-of-the-week-perspective) [FINOS in the News - Business Insider: Wall Street's war for tech talent is ending as rivals like Morgan Stanley and Goldman Sachs embrace open-source code →](https://www.finos.org/news/finos-in-the-news-business-insider-wall-streets-war-for-tech-talent-is-ending-as-rivals-like-morgan-stanley-and-goldman-sachs-embrace-open-source-code) [![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)