First things first: Welcome to our inaugural This Week at FINOS as part of The Linux Foundation! We are thrilled to join forces to accelerate Open Source software & standards development within the financial services industry. Check out the press release, Gab's related blog post and the FAQs.
Now, here's what's happening in the week of April 13th, 2020 within the FINOS community. Please feel free to forward this email to colleagues and industry partners who you think will be interested in FINOS. If someone forwarded this email to you and you'd like to subscribe, please send a note to community+subscribe@finos.org and you'll be added to the mailing list.
- 11am ET / 4pm GMT. Financial Objects PMC Call (Financial Program)
Tuesday, April 14th
- 11am ET / 4pm GMT. Security Reference Data Working (Data Technologies Program)
- 11am ET / 4pm GMT. FINOS [virtual] Meetup by Petyo Ivanov (Glue42)
- Topic : From Closed Source to Open Source. Open Source removes the traditional communication barriers between the vendor and the consumers, resulting in an experience that cannot be matched by the traditional distribution model. In this talk, Petyo Ivanov, Glue42 Product Manager, will tell the story of how a traditional enterprise software vendor transitioned towards distributing their latest product version as an open source offering. The talk will describe the concerns, the unknowns and the discoveries the company made in this journey.
- 11am ET / 4pm GMT. FDC3 Use Cases WG meeting (FDC3 Program)
- 9am ET / 2pm GMT. FDC3 PMC meeting (FDC3 Program)
- 10am ET / 3pm GMT. Plexus Desktop Interop API Project (Plexus Program)
FINOS [virtual] Meetups:
Wednesday, April 15th
- 11am ET / 4pm GMT. Petyo Ivanov (Glue42)
- Topic : From Closed Source to Open Source
- Open Source removes the traditional communication barriers between the vendor and the consumers, resulting in an experience that cannot be matched by the traditional distribution model. In this talk, Petyo Ivanov, Glue42 Product Manager, will tell the story of how a traditional enterprise software vendor transitioned towards distributing their latest product version as an open source offering. The talk will describe the concerns, the unknowns and the discoveries the company made in this journey.
- Register for this virtual meetup here
Wednesday, April 29th
- 11am ET / 4pm GMT. Heiko Sundermann (EPAM)
- Topic : EPAM GLUE Project, developing a unified entity and data model for the Buy-Side
- Buy-side firms are under enormous pressure not to miss out on the digitalisation wave. Changing client demands, regulatory pressure and the rapid adoption of structured quantitative investment management approaches are fuelling investment into digitalization and data driven Asset & Wealth Management. Buy-side firms are often held back by legacy infrastructure and inappropriate data storage. Open API architectures provide a route to adopt best of breed solutions and leverage specialized fintech offerings, but the integration costs of these approaches tend to be costly. Traditional Data-Warehousing approaches are also not suited to the performance needed for modern digital and analytical solutions; they struggle to adhere to the stringent regulatory requirements inherent in data-privacy, cross-border and data lineage. EPAM have created an investment management eco-system delivering a comprehensive set of components along the investment management value chain developed by EPAM or by fintech partners. The foundation of this ECO-System is EPAM GLUE which is a unified entity and data model serving as a common semantic layer to all components. EPAM GLUE provides the flexibility to model hierarchical data structures as well as the complex legal entity structure that buy-side firms are facing. Concurrently it addresses the problems of data-security, auditability and privacy which minimises integration costs and implementation risks. EPAM is keen to open-source this approach and contribute it to the FINOS community to develop it further and extend it with more data-entities. This session will give a general introduction and dive into the core modelling concept of EPAM GLUE.
- Registration details to follow
Date: TBD
- 11am ET / 4pm GMT. Stephen Murphy (Genesis)
- Topic : Open Source Technology to build and constantly evolve a Low Code Application Platform
- Genesis will be presenting how they used a variety of Open Source technologies to build a Low Code Application Platform (LCAP) for Capital Markets and some key Open Source technologies used within their LCAP. They will also talk about some of the future Open Source technologies as well as FINOS initiatives that they are contributing towards to help drive standards and re-use across our industry. These initiatives includes such as Financial Objects and FDC3.
- Registration details to follow
Looking Ahead:
- May 1 Open Collective Virtual Funding Event
- Join Indeed, the Open Source Collective, and others as we come together at the first FOSS Responders Virtual Funding Event.
- FOSS Funders will come together on May 1, 2020 to distribute funds to free and open source event organizers who have had to cancel their events due to COVID-19. If you want to participate as a FOSS Funder, please email foss-responders@googlegroups.
com - If you are a conference or event organizer who serves the free and open source software community, and you have experienced financial losses due to COVID-19 related conference cancellations, please apply for support
- Attendance is by invitation only.
- October 16 Empire Startups NY Fintech Conference
- New World Stages, 340 W 50th St, New York, NY 10019 [Map]
Finally, for Program Management Committee leads, Program Management Committee (PMC) members, and FINOS project leads, a reminder that next week is the Q2 board meeting. Ahead of that meeting, as usual, we'll be following up with all 10 programs regarding their quarterly health check reports. We've also reached out to the four Q1 focus projects - Perspective, Plexus, Alloy, and the ongoing Synthetic Data contribution from Citi - for updates on those efforts.
Additionally, all 44 projects in either an active or incubating state should have their 2020 project roadmaps published now, or have plans in place to soon do so. As we compile the program health checks, and looking ahead as we prepare for the likely removal of programs altogether as a Foundation governance construct, we (Rob and I) may be reaching out this week to some projects and their respective project leads about your roadmaps and progress to date this year. As always, the most important thing we'd like to hear from projects and the community is about any needs, obstacles and challenges you and your project might be facing, especially what your project may need in terms of new contributors (e.g. skill sets, languages) or contributions (e.g. features, pull requests), and how both the FINOS staff and the FINOS board may be able to further assist and support you. Thanks for all your help.
