--- title: "FINOS In The News: When will banks stop worrying and learn to love Open Source?" description: A recent article by Liz Lumley of Fintech Talents discusses The Cathedral and The Bazaar, Banks, Open Source, and discusses FINOS' involvement in a roundtable Fintech Talents brought together. image: https://www.finos.org/hubfs/FINOS-in-the-news-fintechtalents-aug20.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) - 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August 05, 2020 [**A recent article by Liz Lumley of Fintech Talents**](https://www.fintechtalents.com/when-will-banks-stop-worrying-and-learn-to-love-open-source-2/)discusses The Cathedral and The Bazaar, Banks, Open Source, and discusses FINOS' involvement in a roundtable Fintech Talents brought together. [![FINOS-in-the-news-fintechtalents-aug20](https://www.finos.org/hs-fs/hubfs/FINOS-in-the-news-fintechtalents-aug20.png?width=2000&name=FINOS-in-the-news-fintechtalents-aug20.png)](https://www.fintechtalents.com/when-will-banks-stop-worrying-and-learn-to-love-open-source-2/) Here is an excerpt from that article: > “Industry-led consortiums, such as FINOS – the FinTech Open Source Foundation, had a shout out during the roundtable as an organisation that offered confidence to banks when examining and engaging in Open Source development. While many banks still feel protective of their own proprietary development, seeing their peers engaged in a global consortium gives the development method legitimacy – which in turns makes banks feel more secure.”  [**The full article can be found here**](https://www.fintechtalents.com/when-will-banks-stop-worrying-and-learn-to-love-open-source-2/)   ### Share this: - [Tweet](https://twitter.com/share) [← FINOS In The News: Open Source Contributions on the Rise in FinTech, Healthcare and Government](https://www.finos.org/news/finos-in-the-news-open-source-contributions-on-the-rise-in-fintech-healthcare-and-government) [FINOS In The News: As 'big tech' dominates cloud use for banks, regulators may need to get tougher →](https://www.finos.org/news/finos-in-the-news-as-big-tech-dominates-cloud-use-for-banks-regulators-may-need-to-get-tougher) [![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)