Newsletter

Newsletter

FINOS Newsletter: July 2026

July 30, 2026

 finos-generic-newsletter

A Note from the Executive Director

A Note from the Executive Director

Riding the Momentum into Q3

By Gabriele Columbro

If the first half of the year was about setting the stage, the second half is about proving the value of open source in financial services at scale. Coming off the massive success of OSFF London, it is clear that our community is not just growing; it is realizing tangible ROI. Financial institutions are increasingly turning to open collaboration to solve complex challenges, from AI governance to orchestration to seamless desktop interoperability.

We are thrilled to welcome Bank of America as our newest Platinum Member, reflecting a deepening commitment to our shared ecosystem. Across the board, projects like Fluxnova, FDC3, CALM, our AI Governance Framework (AIGF), and now OSERA are proving that the future of finance is open, secure, and highly efficient. The community is translating open collaboration into practical industry value, and the momentum is only accelerating.

Letโ€™s dive into whatโ€™s happening across FINOS.

5 FINOS THINGS TO KNOW NOW

 

1. OSFF London Was a Great Success

Our Open Source in Finance Forum London was one for the record books. Amidst the summer heat, the event brought incredible human connection and a clear consensus that financial services are officially moving at the speed of AI. As FINOS Ambassador Neil McGonigle captured so perfectly in his OSFF London story, the conversations signaled a major "agentic shift", where AI is rapidly transitioning from experimentation to execution, and firms are leaning heavily on open collaboration to build the necessary shared control layers. A huge thank you to everyone who made it our most impactful European event yet. You can now catch up on all the insights: watch the OSFF London session recordings. (And if London gave you FOMO, you're in luck: Registration for OSFF New York on November 4-5 is officially open! See the events section below for more details).

2. Recently Launched: The FINOS AI Fund

Announced live from the stage at OSFF London, the FINOS AI Fund and Governing Board provide dedicated funding and strategic direction for FINOS AI priorities, projects, and investments. As a financial services-led body, the fund ensures deep expertise in regulated industry requirements and establishes the necessary guardrails for the incredible innovation happening in Open Source AI. Want to shape the future of AI in financial services? Learn more and get involved.

3. Recently Launched: OSERA

Also announced at OSFF London is the Open Source Enterprise Resiliency Alliance (OSERA), backed by members including Deutsche Bank, Goldman Sachs, Moderne, Morgan Stanley, RBC, Sonatype, and TD Bank. OSERA is a groundbreaking global alliance helping regulated institutions close patch coverage gaps and operationalize remediation at scale. It tackles the root of software supply chain security by helping participants prioritize vulnerabilities, sponsor open back-patches, and apply fixes with greater consistency and evidence. Learn more and get involved today.

4. Final Call: State of Open Source in Financial Services Survey

Help us understand how open source software, standards, data, frameworks and AI tools are used across the financial services industry, where they are delivering value, and the challenges firms still face. We need your help to set the industry benchmark for 2026: please take 10 minutes to complete the 2026 State of Open Source in Financial Services Survey. The survey closes on August 7th! Take the survey now.

5. FINOS All Community Call โ€“ August 12

Join us virtually for our quarterly All Community Call! The FINOS team and community leaders will share important updates from across the foundation, including OSFF London recaps, a preview of OSFF New York, and updates on Fluxnova, OSERA, FDC3 3.0, and much more. Register for the August 12 call.

WELCOME TO OUR NEWEST MEMBERS

The FINOS ecosystem continues to expand, and we are excited to welcome our newest members.

New Platinum Member: Bank Of America

We are thrilled to announce that Bank of America has upgraded to Platinum membership! Their continued investment in the FINOS ecosystem underscores the strategic importance of open source in modern banking. We also want to extend a very warm welcome to VG Rejith Kurup, Managing Director, Head of Enterprise Cloud, Hosting & Data Center Services, as the newest representative joining the FINOS Governing Board!

New Silver Members

Please join us in welcoming our newest silver members:

iTMethods: Bringing deep expertise in DevOps, cloud-native tooling, and secure software delivery.

Crafty Penguins: Linux and cloud infrastructure experts helping firms build resilient and scalable environments.

OUR PROJECTS & STANDARDS ARE DELIVERING

Updates

Fluxnova 3.0: The highly anticipated Fluxnova 3.0 is officially here! The most feature-rich release to date, this version delivers major advancements in modernization (including a Springboot 4 upgrade), process transparency, and AI extensibility. Key features include an all-new Control Center UI for end-to-end process visibility, Restricted Variables to protect PII, a new plugin ecosystem, and cutting-edge MCP Integration that allows AI agents to dynamically execute workflows. Read the full release notes.

 

Fluxnova Deutsche Bank Case Study: Want to know how financial services organizations are using Fluxnova in production? Read our new Deutsche Bank Case Study to learn how DB successfully leveraged Fluxnova to standardize their workflow orchestration, streamline mission-critical processes, and achieve significant operational efficiencies at scale.

 

FDC3 3.0 Secure by Design, Ready for AI, and Easier to Build On: The FDC3 3.0 release is one of the most significant updates to the open standard in years, with focus on security, observability, cross-firm interoperability, and modern usage scenarios. This milestone addresses a critical question for the industry: how do you trust what you are receiving and understand where it came from in a world increasingly dominated by web applications, APIs, and AI agents? Read the blog to learn more about FDC3 3.0.

 

CDM 7.0 Production Release: Common Domain Model (CDM) 7.0 is officially live! Consolidating over 130 individual upgrades, this monumental release moves entirely away from synonym-based mappings to Functional Ingestion Mappings, allowing anyone with CDM knowledge to make changes. It also significantly expands the Legal Agreement capabilities with ISDA Foundations integration, introduces the initial components of the Smart Contracts Framework, and much more. Read the full release notes here.

 

SDLC Common Controls Approved as a Standards Project: We are excited to announce that SDLC Common Controls has been officially approved as a Standards Project, following active community contribution in FINOS labs. This marks a massive step forward in creating unified, industry-wide standards for software development lifecycles, ensuring stronger security, traceability, and compliance out-of-the-box for financial institutions.

 

AIGF ROI: The FINOS AI Governance Framework (AIGF) is moving beyond theoretical guidelines to deliver concrete business value. By establishing a unified, standard framework tailored to highly regulated environments, the AIGF drastically reduces internal duplication of effort, speeds up time-to-market for AI products, and lowers compliance risk. This collaborative approach allows organizations to share the cost of developing robust AI controls while retaining competitive agility. Read about the value the AIGF can bring to your organization.

 

Git Proxy 2.0: The latest iteration of Git Proxy is here! Version 2.0 allows teams to deploy custom push protections and enforce enterprise policies natively on top of Git, ensuring security and compliance everywhere your code goes. Read the detailed blog for more information.

 

CALM Documentation Overhaul: Announcing newly revamped, learner-journey-focused CALM user documentation! In response to feedback from the community, the team has made a serious overhaul to help you understand what CALM is and how to start using it, providing tailored, guided journeys from absolute newbie to active contributor and everyone in between. Start exploring and figure out how you can best get involved.

 

For the full schedule of project working groups and technical meetings, check out the FINOS Community Calendar.

UPCOMING EVENTS

๐ŸŒ FINOS All Community Call

August 12 | Virtual

Join the FINOS team and community leaders as they share important updates across the foundation. Register here


๐Ÿ—ฝ OSFF New York

November 4-5 | NYC

Momentum is already building for our flagship US event taking place in New York City on November 4-5. While the Call for Proposals has officially closed, registration is open. Join us for two days of sessions:

  • Nov 4 - Half-day (PM) with tracks focused on Fluxnova and collaborative integrations between Fluxnova and other FINOS projects, with a sponsor showcase and evening reception.
  • Nov 5 - Full day of programming including community awards, sponsor showcase, and project demos/booths.

Register Here with Code TWAFOSFFNY20 for 20% Off

"GOOD FIRST ISSUES" IN FINOS PROJECTS

 Looking to make one of your first open-source contributions to a FINOS project or standard? Check out this list of FINOS Good First Issues or browse issues from select projects below.

GitProxy: Starter tasks range from automating release version increments in package.json to refining documentation for CLI configuration and custom push protection policies.
๐Ÿ‘‰ View GitProxy Good First Issues

FDC3: First-time issues include writing basic conformance tests for desktop agent event listeners and consolidating API reference documentation.
๐Ÿ‘‰ View FDC3 Good First Issues

CALM: Starter tasks range from writing CLI validation rules and updating JSON Schema examples to polishing UI components across CALM Hub and the VS Code extension.๐Ÿ‘‰ View CALM Good First Issues

Legend Studio: Beginner contributions focus on UI/UX enhancements within the Query Builder and highlighting dependency conflicts in the project configuration editor.๐Ÿ‘‰ View Legend Studio Good First Issues

Morphir: Good entry tasks involve implementing standard library module bindings (e.g., String, Set, List) for language integrations like Go.
๐Ÿ‘‰ View Morphir Good First Issues

SEE YOU IN THE COMMUNITY

 The momentum we are seeing this quarter is a direct result of your hard work. Whether you are a maintainer, contributor, member, or just open source curious, your involvement is shaping the future of finance.

See you at the next working group, community call, or OSFF. In the meantime, make sure you sign up for our weekly โ€œThis Week at FINOSโ€ updates if you haven't already.


Kind regards,
FINOS Team

LEARN MORE

FINOS Good First Issues - Looking for a place to contribute? Take a look at good first issues across FINOS projects and get your feet wet in the FINOS community.

State of Open Source in Financial Services Report - Learn about what is happening around open source in FSI.

This Week at FINOS Blog - See what is happening at FINOS each week and if you'd like to subscribe to the email, please send a note to community+subscribe@finos.org and you'll be added to the mailing list.

FINOS Landscape - See our landscape of FINOS open source and open standard projects.

Community Calendar - Scroll through the calendar to find a meeting to join.

FINOS Slack Channels - The FINOS Slack provides our Community another public channel to discuss work in FINOS and open source in finance more generally.

Project Status Dashboard - See a live snapshot of our community contributors and activity.

Events - Check out our upcoming events or email marketing@finos.org if you'd like to partner with us or have an event idea.

FINOS Open Source in Finance Podcasts - Subscribe and listen to the first open source in financial services and banking podcast.

 

Interested in FINOS open source projects? Click the link below to see how to get involved in the FINOS Community.

Get Involved