--- title: Research and Case Studies description: At FINOS, case studies and research play a pivotal role in showcasing the business value that open source collaboration delivers across the financial services ecosystem. These stories show how open source delivers positive ROI by reducing development costs and vendor lock-in while driving innovation, resilience, and faster time-to-market. image: https://www.finos.org/hubfs/Research/Research%20and%20Case%20Studies.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) - [OS-Climate](https://www.finos.org/os-climate) - [Try our Projects](https://www.finos.org/project-sandbox) - [All Projects Landscape](https://landscape.finos.org/) - [Community](https://www.finos.org/engage-with-our-community) - [FINOS Community Calendar](https://www.finos.org/calendar) - [Community Quickstart](https://www.finos.org/get-involved) - [FINOS Community Site](https://community.finos.org/) - [Contribute](https://community.finos.org/docs/governance/Software-Projects/contribution) - [Unable to Contribute?](https://www.finos.org/open-source-readiness) - [Join our Slack channel](https://finos-lf.slack.com/messages/finos-community/) - [Recognize a contributor](https://github.com/finos/community/issues/new?assignees=mcleo-d&labels=community-recognition&template=Community-Recognition.md&title=FINOS+Community+Recognition) - [Ambassador Program](https://www.finos.org/ambassador-program) - [Membership](https://www.finos.org/membership-benefits) - [Members](https://www.finos.org/members) - [Inquire](https://www.finos.org/membership-benefits#become-a-member) - [Join](https://joinnow.platform.linuxfoundation.org/?project=finos) - [Member ROI Summary & Calculator](https://www.finos.org/roi-report-calculator) - [Dependency Consumption Analysis](https://www.finos.org/dependency-consumption-analysis) - Resources - [2025 Mission & Vision](https://www.finos.org/2024-in-review-2025-vision) - [Research & Case Studies](https://www.finos.org/research-case-studies) - [Training](https://training.linuxfoundation.org/finos/) - [Open Source Maturity Model](https://osr.finos.org/docs/bok/OSMM/Introduction) - [Contributions Live Dashboard](https://metrics.finos.org) - [Our Github Organization](https://github.com/finos/) - [Our Developer Toolchain](https://odp.finos.org/) - [FINOS Store](https://store-finos.myshopify.com/) - News & Events - [This Week At FINOS](https://www.finos.org/this-week-at-finos) - [Community Blog](https://www.finos.org/blog) - [Newsletter](https://www.finos.org/newsletter) - [Podcast: Open Source in Finance](https://www.finos.org/open-source-in-finance-podcast) - [Press Releases](https://www.finos.org/press) - [FINOS Events](https://www.finos.org/hosted-events) - [Community Events](https://www.finos.org/featured-events) - [Community Spotlight](https://www.finos.org/community-spotlight) - [Stay Informed](https://www.finos.org/sign-up) - [About](https://www.finos.org/about-us) - [Stay Informed](https://www.finos.org/sign-up) - [FAQs](https://www.finos.org/faq) - [Contact Us](https://www.finos.org/contact-us) - [Governing Board](https://www.finos.org/governing-board) - [Technical Oversight Committee](https://www.finos.org/technical-oversight-committee) - [Team](https://www.finos.org/team) - [Governance](https://www.finos.org/governance) - [Code of Conduct](https://www.finos.org/code-of-conduct) - [OSFF + Videos](https://events.linuxfoundation.org/open-source-finance-forum) - [OSFF 2026](https://events.linuxfoundation.org/open-source-finance-forum/) - [OSFF Toronto 2026 Videos](https://www.finos.org/osff-toronto-2026-videos) - [OSFF New York 2025 Videos](https://www.finos.org/osff-nyc-2025-videos) - [OSFF London 2026 Videos](https://www.finos.org/osff-london-2026-videos) - [apidays Paris 2025 Videos](https://www.finos.org/apidays) - [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) - [OS-Climate](https://www.finos.org/os-climate) - [Try our Projects](https://www.finos.org/project-sandbox) - [All Projects Landscape](https://landscape.finos.org/) - [Community](https://www.finos.org/engage-with-our-community) - [FINOS Community Calendar](https://www.finos.org/calendar) - [Community Quickstart](https://www.finos.org/get-involved) - [FINOS Community Site](https://community.finos.org/) - [Contribute](https://community.finos.org/docs/governance/Software-Projects/contribution) - [Unable to Contribute?](https://www.finos.org/open-source-readiness) - [Join our Slack channel](https://finos-lf.slack.com/messages/finos-community/) - [Recognize a contributor](https://github.com/finos/community/issues/new?assignees=mcleo-d&labels=community-recognition&template=Community-Recognition.md&title=FINOS+Community+Recognition) - [Ambassador Program](https://www.finos.org/ambassador-program) - [Membership](https://www.finos.org/membership-benefits) - [Members](https://www.finos.org/members) - [Inquire](https://www.finos.org/membership-benefits#become-a-member) - [Join](https://joinnow.platform.linuxfoundation.org/?project=finos) - [Member ROI Summary & Calculator](https://www.finos.org/roi-report-calculator) - [Dependency Consumption Analysis](https://www.finos.org/dependency-consumption-analysis) - Resources - [2025 Mission & Vision](https://www.finos.org/2024-in-review-2025-vision) - [Research & Case Studies](https://www.finos.org/research-case-studies) - [Training](https://training.linuxfoundation.org/finos/) - [Open Source Maturity Model](https://osr.finos.org/docs/bok/OSMM/Introduction) - [Contributions Live Dashboard](https://metrics.finos.org) - [Our Github Organization](https://github.com/finos/) - [Our Developer Toolchain](https://odp.finos.org/) - [FINOS Store](https://store-finos.myshopify.com/) - News & Events - [This Week At FINOS](https://www.finos.org/this-week-at-finos) - [Community Blog](https://www.finos.org/blog) - [Newsletter](https://www.finos.org/newsletter) - [Podcast: Open Source in Finance](https://www.finos.org/open-source-in-finance-podcast) - [Press Releases](https://www.finos.org/press) - [FINOS Events](https://www.finos.org/hosted-events) - [Community Events](https://www.finos.org/featured-events) - [Community Spotlight](https://www.finos.org/community-spotlight) - [Stay Informed](https://www.finos.org/sign-up) - [About](https://www.finos.org/about-us) - [Stay Informed](https://www.finos.org/sign-up) - [FAQs](https://www.finos.org/faq) - [Contact Us](https://www.finos.org/contact-us) - [Governing Board](https://www.finos.org/governing-board) - [Technical Oversight Committee](https://www.finos.org/technical-oversight-committee) - [Team](https://www.finos.org/team) - [Governance](https://www.finos.org/governance) - [Code of Conduct](https://www.finos.org/code-of-conduct) - [OSFF + Videos](https://events.linuxfoundation.org/open-source-finance-forum) - [OSFF 2026](https://events.linuxfoundation.org/open-source-finance-forum/) - [OSFF Toronto 2026 Videos](https://www.finos.org/osff-toronto-2026-videos) - [OSFF New York 2025 Videos](https://www.finos.org/osff-nyc-2025-videos) - [OSFF London 2026 Videos](https://www.finos.org/osff-london-2026-videos) - [apidays Paris 2025 Videos](https://www.finos.org/apidays) ![](https://www.finos.org/hubfs/FINOS/website/banner-backgrounds/10.04.19.FINOS_WebsiteBanners_3.png) ## **Research & Case Studies** At FINOS, [research and case studies](https://www.finos.org/research-case-studies#research) play a pivotal role in showcasing the business value that open source collaboration delivers across the financial services ecosystem. These stories show how open source delivers positive ROI by reducing development costs and vendor lock-in while driving innovation, resilience, and faster time-to-market. # State of open source in finance reports Since 2021, we have produced an annual State of Open Source in Financial Services Report, in partnership with Linux Foundation Research, to examine industry trends and insights. Per our 2025 Report, the financial services industry is all-in on open source and is primed to move beyond adoption to increase ROI and set the pace for the next phase of collaborative innovation. [![2025 Report](https://www.finos.org/hubfs/State%20of%20Open%20Source%20in%20Financial%20Services/2025%20State%20of%20Open%20Source%20Report/2025%20State%20of%20Report%20Infographics/The%202025%20State%20of%20Open%20Source%20in%20Financial%20Services_2025_Infographic_02.png)](https://www.finos.org/state-of-open-source-in-financial-services?hsLang=ja-jp) 2025 Report [![2024 Report](https://www.finos.org/hubfs/State%20of%20Open%20Source%20in%20Financial%20Services/State%20of%20Open%20Source%20in%20Financial%20Services%20Survey%202024/State%20of%20Survey%202024%20HQ%20Graphics/FINOS_State%20of%20Open%20Source%20in%20Financial%20Services%20Report%202024%20Infographics.png)](https://www.finos.org/state-of-open-source-in-financial-services-2024?hsLang=ja-jp) 2024 Report [![2023 Report](https://www.finos.org/hubfs/State%20of%20Open%20Source%20in%20Financial%20Services/State%20of%20Open%20Source%20in%20Finance%20Survey%202023/2023%20Survey%20Infographics/FINOS%20Report%20Social-4.png)](https://www.finos.org/state-of-open-source-in-financial-services-2023?hsLang=ja-jp) 2023 Report [![2022 Report](https://www.finos.org/hubfs/State%20of%20Open%20Source%20in%20Financial%20Services/State%20of%20Open%20Source%20in%20Financial%20Services%202022/Infographics/FINOS%20Report%20Social-9.png)](https://www.finos.org/state-of-open-source-in-financial-services-2022?hsLang=ja-jp) 2022 Report [![2021 Report](https://www.finos.org/hubfs/State%20of%20Open%20Source%20in%20Financial%20Services/State%20of%20Open%20Source%202021%20Infographics/LFResearch_FINOSSurvey_Infographic_14.png)](https://www.finos.org/state-of-open-source-in-financial-services-2021-page?hsLang=ja-jp) 2021 Report Show More # RESEARCH & CASE STUDIES [![AI & Open Source in Financial Services](https://www.finos.org/hubfs/Research/AI%20and%20Open%20Source%20in%20Financial%20Services%20Report/AI%20%26%20Open%20Source%20in%20Financial%20Services%20(modified%20cover%20image%20sizing%20%20orientation).png)](https://www.finos.org/2026-ai-open-source-in-finance-report?hsLang=ja-jp) AI & Open Source in Financial Services In June 2026, FINOS convened approximately 50 financial services executives, AI pioneers, regulators, security experts, and open source leaders to discuss the opportunities and challenges of deploying AI safely and cost effectively at enterprise scale. [![Hidden Risks of Not Contributing Case Study](https://www.finos.org/hubfs/Case%20Studies/2025%20Hidden%20Risks%20of%20Not%20Contributing/Hidden%20Risks%20Case%20Study.png)](https://www.finos.org/hidden-risks-of-not-contributing-case-study?hsLang=ja-jp) Hidden Risks of Not Contributing Case Study Drawing on industry data, case studies, and insights from FINOS member firms, this white paper examines how limited visibility and restrictive contribution policies lead to unmanaged internal forks, driving duplication, technical debt, and security risk. [![Fluxnova Case Study](https://www.finos.org/hubfs/Case%20Studies/2026%20Deutsche%20Bank%20Fluxnova%20Case%20Study/Fluxnova%20Case%20Study%20-%20paper%20back-1.png)](https://www.finos.org/case-study-deutsche-bank-fluxnova-standardized?hsLang=ja-jp) Fluxnova Case Study   Turning an infrastructure migration into a strategic shared service that eliminates complexity and accelerates time-to-marke across business units.  [![GitProxy Case Study](https://www.finos.org/hubfs/Projects%20+%20SIGs/Gitproxy/GitProxy%20Case%20Study-2.png)](https://www.finos.org/gitproxy-case-study?hsLang=ja-jp) GitProxy Case Study The GitProxy case study details how leading financial institutions like Citi, NatWest, RBC, and others are successfully using the open source GitProxy to enable their engineers to contribute to open source. [![Morphir Case Study](https://www.finos.org/hubfs/Projects%20+%20SIGs/Morphir/Morphir%20Case%20Study.png)](https://www.finos.org/capital-one-morphir?hsLang=ja-jp) Morphir Case Study This case study explores a successful realization of this FINOS goal via Capital One’s adoption and collaboration on the Morphir project, which was originally contributed by Morgan Stanley in 2020. [![Spring Bot Case Study](https://www.finos.org/hubfs/Projects%20+%20SIGs/Spring%20Bot/Spring%20Bot%20Case%20Study.png)](https://www.finos.org/deutsche-bank-spring-bot-case-study?hsLang=ja-jp) Spring Bot Case Study An in-depth exploration of Spring Bot's development, its operational impact, and the broader benefits of this open source initiative at Deutsche Bank. [![Legend Case Study](https://www.finos.org/hubfs/Projects%20+%20SIGs/Legend/Legend%20Case%20Study.png)](https://www.finos.org/hubfs/FINOS/assets/FINOS%20Legend%20Case%20Study%202021.pdf?hsLang=ja-jp) Legend Case Study Legend provides an excellent opportunity to bring subject matter expertise to data models, as its single, visual platform enables engineers and non-engineers - regardless of their technical background - to develop data-centric applications and data-driven insights. [![Perspective Case Study](https://www.finos.org/hubfs/Projects%20+%20SIGs/Perspective/Perspective%20Case%20Study.png)](https://www.finos.org/hubfs/FINOS/assets/FINOS%20Perspective%20Case%20Study.pdf?hsLang=ja-jp) Perspective Case Study Perspective is an interactive visualization component for large, real-time datasets, used to build reports, dashboards, applications, and more. Show More ## sign up for finos updates [![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/?hsLang=ja-jp) [![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?hsLang=ja-jp) [info@finos.org](mailto:info@finos.org) +1 (650) 665-9773 [Privacy | ](https://www.finos.org/privacy-policy?hsLang=ja-jp)[Terms of Service |](https://www.finos.org/terms-of-service?hsLang=ja-jp)[Community Code of Conduct |](https://www.finos.org/code-of-conduct?hsLang=ja-jp)[Email Preferences](https://www.finos.org/hs/manage-preferences/unsubscribe-simple?hsLang=ja-jp) ![](https://px.ads.linkedin.com/collect/?pid=537250&fmt=gif)