Community Blog

In this episode of the FINOS podcast, join Grizz Griswold and Rob Moffat from FINOS as they discuss the latest updates in FDC3, a versatile interoperability standard originally designed for financial services but applicable universally. Learn about the evolution of FDC3 version 2.2, the newly released SAIL 2.0 tool, and the upcoming Open Source in Finance Forum in London. Discover the significance of open standards, vendor collaboration, and identity security in the realm of financial technology. Whether you are a developer or a finance professional, this episode offers valuable insights into the ever-evolving landscape of open source in finance.

Do you legally own the securities in your custody account? Yes, it’s recorded against your name on your monthly statement. But do you really own them? As the financial industry explores tokenisation as a new model for recording and transferring ownership, this question is more relevant than ever.

While the promise of direct, on-chain ownership is compelling, it forces us to revisit what ownership really means — legally and operationally — in today’s complex financial systems.

FINOS TOC UPDATE

3 April 2025

Welcome to the April newsletter from the FINOS TOC! This month we have several project updates, and a short message from the TOC.

Did you know that members of the Technical Oversight Committee work to connect projects with the rest of the ecosystem, such as marketing support, technical innovations, and cross-project alignment? If you’re a maintainer who hasn’t yet connected with a liaison, reach out to toc@lists.finos.org!

In today’s innovation-driven economy, open source software has become a powerhouse for collaboration, rapid development, and cost-effective solutions. At the same time, patents—often seen as tools of exclusivity and protection—play a crucial, if sometimes underappreciated, role in safeguarding these projects. When managed strategically, patents not only protect innovations but also enhance the credibility and financial viability of open source initiatives. This article explores the intersection of patents and open source projects, with a particular emphasis on their importance in the financial sector.

Watch an engaging session in the Open Source in Finance Webinar Series, where Hedera’s Mike Cave and Justin Atwell dive into how Web3, distributed ledger technology (DLT), and AI are transforming financial infrastructure—featuring real-world use cases, sustainability insights, and Hedera’s unique approach to decentralized governance through open source.

The 2024 API Innovation Hackathon, part of the annual SupTech Week organized by Cambridge SupTech Lab, ran virtually from December 3 to December 13. This year, the hackathon attracted 104 participants from 16 countries, forming 18 registered teams, with 4 teams reaching the final showcase during SupTech Week.

Explore Cambridge SupTech Lab Hackathon & community engagement opportunities here.

This hackathon, Supported by FINOS, focused on developing a cutting-edge API builder for financial supervision, leveraging open standards and tools to revolutionize regulatory frameworks. The goal was to create efficient, adaptable, and future-ready solutions that enhance financial authorities' ability to manage data and intelligence flows.