Financial services firms on the sell and buy side are increasingly aware of the value of open source software, standards, and collaboration. Through the Open Source Readiness Initiative, FINOS promotes collaboration on Special Interest Groups (SIGs) and Projects, to develop tools and policies aimed at accelerating open source maturity for financial services firms.
By providing a neutral venue to identify common challenges, and then developing tools and policies to address them, financial services firms enable their developers to consume open source software in a safe and compliant way, and streamline their contribution process to upstream projects.
For many of these firms, their open source readiness journey involves the creation of an Open Source Program Office.
Start your open source readiness journey today, email firstname.lastname@example.org to get involved.
FINOS members benefit from ad-hoc Open Source Readiness services and support. Learn more about FINOS membership benefits and become a FINOS member.
The Open Source Readiness (OSR) Special Interest Group (SIG) is a venue dedicated to discussing open source readiness challenges for financial services firms. The purpose of the OSR SIG is to agree on the approach to address these challenges, and to set up open source projects to develop solutions.
The OSR SIG is open to everyone and welcomes participation from any organization. It is chaired by Peter Smulovics (Morgan Stanley) and participants meet on the first Wednesday of every month. Meetings feature lively conversations among financial firms' Open Source Program Offices (OSPOs), providing invaluable guidance to enable institutional open source readiness, as well as presentations by open source expert guest speakers.
Find more information at osr.finos.org and insightful guest presentation recordings on Youtube or in the FINOS Knowledge Base.
Get involved today by signing up to the OSR SIG mailing list at email@example.com, and find information on the next OSR SIG meeting on the FINOS Community calendar.
The FINOS Community continuously develops tools to support financial services firms' open source readiness journeys. Check out some of the available resources below.
If you have developed a tool that you would like to contribute to FINOS, please email firstname.lastname@example.org or raise a contribution issue.
Originally contributed by Wipro, The Open Source Maturity Model (OSMM) is now in Beta and allows you to understand where your organization is on its open source journey.
By answering a series of questions, the OSMM framework evaluates your organization's open source maturity, providing a snapshot of its current stage. This stage is based on your organization's current culture, policies, processes, practices, and resources.
REFERENCE FOSS POLICY FOR FINANCIAL SERVICES INSTITUTIONS
The FINOS Reference FOSS Policy is a template for a comprehensive free and open source software (FOSS) policy for a financial services institution, including sample provisions governing the acquisition and use of FOSS, and contribution to FOSS projects.
Drafted to be generally applicable to financial services firms, you can customize it to your particular needs, policy and technical environments, and risk tolerance.
Download the policy here.
This handbook provides information on how to comply with some of the more common open source licenses under a specific set of use-cases. The goal here is to provide developers and engineers with some "self-serve" information to facilitate the end goal of open source license compliance, as well as identifying some of the more complex open source license compliance aspects for which consultation with open source counsel may be recommended.
Review the policy here.
For more information about FINOS projects see the FINOS Projects Landscape.
For more information about memberships and how to become a member, see Become a Member.
Participants of the Open Source Readiness (OSR) Special Interest Group (SIG) meet on the first Wednesday of the month.
Check out the agenda for the next meeting and find the meeting details on the FINOS Community Calendar.
Email email@example.com with questions.
The Open Source Readiness (OSR) Special Interest Group (SIG) welcomes your use cases, input, and feedback on open source readiness-related topics.
Raise a GitHub issue here to start a conversation.
If you're unsure where to start, sign up to receive Open Source Readiness updates from FINOS.