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.
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 co-chaired by Peter Smulovics (Morgan Stanley) and VM Brasseur (Wipro), and participants meet on the first Wednesday of every month. Meetings feature lively conversations among financial firms' legal, compliance and technical representatives, providing invaluable guidance to enable institutional open source readiness, as well as presentations by open source expert guest speakers.
The Open Source Maturity Model (OSMM) 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.
Access the maturity model here.
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.
Participants of the Open Source Readiness (OSR) Special Interest Group (SIG) meet on the first Wednesday of the month.
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.