TD Bank Group (TD) has joined the Fintech Open Source Foundation (FINOS), the financial services vertical of the Linux Foundation, as a Platinum Member, which will mean an expanded role for TD as “a strategic collaborator in the FINOS community,” officials say. Initially, TD will have “focus on the Fluxnova open source orchestration platform and… Read More >>
Fidelity Upgrades FINOS Membership to Platinum
Fidelity Investments has upgraded its membership in the Fintech Open Source Foundation (FINOS) to the Platinum level, further solidifying its role in the formation of Fluxnova, a FINOS-hosted open-source orchestration platform, officials say. A Platinum membership with FINOS is priced at $200,000 annually. Fluxnova is intended to address “needs around workflow automation, vendor independence, and long-term infrastructure sustainability,”… Read More >>
FINOS Platform Can Help Orchestrate Ops
An open-source orchestration platform, dubbed Fluxnova, launched by the Fintech Open Source Foundation (FINOS) at its Open Source in Finance Forum (OSFF) in New York City this week, can help improve back-office functions such as reconciliation, reporting, and regulatory workflows, officials say. Hosted by FINOS, Fluxnova was developed in partnership with Fidelity Investments, NatWest Group,… Read More >>
It’s Full Speed Ahead for FINOS
The open source movement among financial services firms, including those working in capital markets, under the leadership of the Fintech Open Source Foundation (FINOS) shows no sign of slowing down with the news last week that FINOS has more than 100 members — a year-over-year increase of 20 percent. Some of the new FINOS members… Read More >>
Open Source Helps Wall Street Innovate Faster
(Gabriele Columbro, executive director for the Fintech Open Source Foundation (FINOS), spoke to FTF News about a variety of subjects during the Open Source in Finance Forum (OSFF) sponsored by FINOS and held in New York City last week. Columbro focused on the Common Cloud Controls (CCC) effort to formulate consistent controls for cloud computing… Read More >>
Open Source Projects Hit Their Stride on Wall Street
The open source movement for financial services firms on Wall Street and beyond is hitting its stride, says the Fintech Open Source Foundation (FINOS), which reports there is widespread adoption of open source software, standards, and best practices. And more open source projects are going into production, FINOS says. For instance, Morgan Stanley and Wellington… Read More >>
Does FINOS Have a Cloud Blueprint for Regulators?
Should global regulators create regulations based on a relatively new set of open-source standards that provide consistent controls over cybersecurity and compliance for cloud deployments in the financial services sector? The answer is in the affirmative for a panel of industry representatives who took part in the Open Source in Finance Forum (OSFF) of the… Read More >>
Many Firms Can’t Leverage Valuable Ops Data: Q&A
(Editor’s note: Many financial services firms can “only leverage a small portion of the data they possess on a modern data platform to generate insight — the rest is simply used for processing activities,” says Kapil Bansal, managing director, global head of data strategy and analytics, business architecture at DTCC, via an FTF News Q&A…. Read More >>
FINOS Adds Seven Members to Boost Initiatives
A major force behind the open source movement for financial services is bolstering its initiatives with seven new members from the realms of regulatory technology, data quality management, and distributed ledger technology (DLT)/blockchains. The nonprofit Fintech Open Source Foundation, also known as FINOS, reports that it is adding REGnosys, Blockchain Technology Partners (BTP), ControlPlane, Luxoft,… Read More >>
Should Buy-Side IT Teams Embrace Open Source?
(FTF News recently reached out to Madeleine Dassule, partner and co-head, technology, at Wellington Management. Dassule has joined the Fintech Open Source Foundation (FINOS) board of directors, a move that coincided with Wellington joining the nonprofit organization. FINOS is a proponent of open source technology, open standards, and collaborative efforts among software development groups in… Read More >>
