FINOS: Friday Update Newsletter - 30 October 20

October 30, 2020






We hope you are all staying safe (and sane) during these spooky times.

We've had a busy couple of weeks, partnering with our new Associate Member, AIR, on a TechSprint; discussing FINOS momentum and direction at our quarterly Governing Board meeting; and sharing insights and learning new things at Open Source Summit EU, All Things Open (ATO), and the Community Leadership Summit (CLS). We also announced an awesome new open source project called Legend and two new Special Interest Groups. Read on to learn more.





FINOS Legend Open Sourced!

Around this time last year, FINOS Platinum Member Goldman Sachs announced their intention to open source Legend - a significant undertaking - and last week they achieved this. We're thrilled that Goldman's flagship data management and data governance platform is now available as a FINOS open source project. Developed internally as Alloy, and used by both engineers and non-engineers alike, Legend provides a single platform to develop data-centric applications and derive data-driven insights.

Press Release

Documentation Website

GitHub Repository


REGULATION INNOVATION special interest group (sig) 

We're excited to share that the FINOS Governing Board approved the Regulation Innovation SIG at last week's board meeting. The SIG will be led by David Ehrich of the Alliance for Innovative Regulation (AIR) and Ian Hollowbread of ING. FINOS members Adaptive, Capital One, JP Morgan, RBC, and Deutsche Bank have expressed their interest along with many others (see more here).The Regulation Innovation SIG brings together a community of people interested in creating open source solutions for regulatory and compliance issues, such as AML, KYC, digital regulatory reporting, payments, and many more topics.

Sign up for updates


DEVOPS special interest group (sig) 

We're equally excited to share that the FINOS Governing Board also approved the DevOps Mutualization SIG. The SIG will be led by Amol Shukla from Morgan Stanley and Anders Wallgren from CloudBees. Prior to becoming a SIG, interested participants from more than 15 FINOS member firms engaged in lively discussions around common engineering challenges in financial services. They identified initial areas to explore in more detail including solutions that enable regulated enterprises to manage self service in the engineering toolchain and collecting SDLC evidence in a manner that enables continuous delivery while mitigating risk.

GitHub Repo



Community Spotlight - JESSICA WOODLAND SCOTT

As part of our celebration of the FINOS community we're recognizing the awesome work of our open source contributors and the wider FINOS community. For this fifth edition we’d like to highlight Jessica Woodland Scott, Technology Analyst at Deutsche Bank, for the dedication, hard work, and engineering prowess she brings to the FINOS Waltz open source project.

More about Jessica

Waltz Website

Waltz GitHub Repo



We're excited about the many fantastic speakers we'll have at OSSF this year, including the two below:

Kim Prado, Managing Director, Global Head of Client Insight, Banking & Digital Channels Technology at RBC, as well as Vice Chair of the FINOS Governing Board. Kim will not only be opening OSSF, along with Chair Dov Katz, Managing Director at Morgan Stanley, but will also be presenting a breakout session entitled:

"Consuming, Contributing, Collaborating: How RBC is Leveraging Open Source and the Perspective Project to Meet Business Needs"


Nick Kolba, Global Head of Platform, Genesis Global, and Co-Chair of the FINOS FDC3 Project. Nick will speak this year on:

"Powering Micro-UIs with FDC3"





Members: Email us for Registration Code



FINOS has recently had some great interviews and coverage in both finance and tech publications and podcasts. Here are a few recent ones:

The Code For Goldman Sachs' Internal Data Platform Is Now Open For Anyone To Use. The Bank's Data Chief Tells Us Why The Firm Decided To Share Something Seven Years In The Making - Business Insider

FinTech goes Open Source with Rob Underwood - Datanami

Goldman Sachs Has A New Programing Language for Data Jobs - eFinancialCareers

Bank On It Podcast - Episode 360 Gabriele Columbro From FINOS

How Banks Can Securely Implement & Deploy Open Source - ITProPortal

Why Are Banks Suddenly So Into Open Source? - eFinancialCareers

Resiliency In Banking: A 'Must Have' For Continuity In The New Reality - Red Hat Blog




The FINOS Open Source Readiness project helps member firms accelerate their journey towards open source readiness. We've lined up some great guest speakers over the past year, and here are a couple recent videos from these presentations. 

Open Data Licensing

Patents and Open Source: Working with "Mixed" IP Strategies

Innersource as the First Step Toward Open Source



Did you know that FINOS has a podcast? Our Director of Community, James McLeod, regularly speaks with our community about FINOS projects and interesting topics at the cross section of financial services and open source. Check it out, subscribe, and don’t forget to rate us (5 stars)!

The Unexpected Story of NearForm - From OSS Mavericks to Launching the World’s Most Successful COVID-19 Contact Tracing App

Introducing Waltz, an Open Enterprise Project - Waltz Team

Apple Podcasts | | Spotify



join us


For a full weekly list of meetups, webinars, and other open source project oriented meetings, please refer to “This Week at FINOS”, and sign up for the email that comes out every Monday. (Email to be automatically added to the distribution.)



Virtual Conference: FINOS Open Source Strategy Forum - November 12th to 13th (Schedule & Keynotes Announced)

Virtual Conference: London Open Source Fintech Meetup - November 19th (Guest Speaker Tobie Langel, Open Source Strategist, on "Recruit, Retain, Foster")

To catch recaps, videos, slides, and podcasts of previous virtual "meetups", as well as other helpful FINOS resources, visit our Knowledge Base page.




This Week at FINOS Blog - See what is happening at FINOS each week.

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

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

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

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

FINOS Virtual "Meetups" Videos & Slides - In April of this year, we started a series of virtual "meetups" based around the FINOS Community and Projects since we can't all be in the same room right now.

FINOS Open Source in Fintech Podcasts - We also started one of the first open source in fintech and banking podcasts for deeper dives on our virtual "meetup" topics.



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

Get Involved



~ The FINOS Team