Community Blog

Advancing the FINOS mission to enable financial institutions to scale, modernize, and enhance profitability through open technologies.

A Major Milestone for Open Standards and Financial Interoperability

The Common Domain Model (CDM) has officially achieved Active Project status at FINOS, meeting a rigorous set of requirements and marking a defining moment in the industry’s move toward true digital interoperability. This achievement demonstrates the model’s accelerating adoption and the strength of the open-source community driving it forward.

Why Banks and Cloud Providers Are Choosing Collaboration Over Fragmentation 

At Sibos 2025, I had the pleasure of moderating a panel with Allison Nachtigall (Microsoft) and Aric Rosenbaum (Red Hat) on the benefits of bringing together financial institutions and technology vendors to define common controls and how open collaboration can accelerate modernization in the financial sector — from cloud adoption to AI risk governance.

A New Initiative for Standardized Software Governance

On June 23rd, the day before OSFF London, Deutsche Bank, Morgan Stanley, and Kosli came together to establish a working group to create a standardized framework for software delivery governance that could transform how financial institutions define their SDLCs.

Building on the success of the Common Cloud Controls and the AI Governance Framework, this initiative aims to develop a shared, composable, and technology-agnostic vocabulary for SDLC controls—a common language that the entire industry can adopt and build upon.

The Fintech Open Source Foundation (FINOS) is a global community shaping the future of financial services through collaboration. This post explores why open source is vital for finance, how FINOS inspires a diverse community, and how you can get involved to help build a more open and innovative financial ecosystem.

Financial services run on open source. With regulations growing and supply chains under pressure, institutions need clear frameworks and reliable data to keep systems secure. At the Open Source in Finance Forum (OSFF) the OpenSSF community is sponsoring and sharing sessions on the OSPS Baseline, vulnerability data, and AI security. These talks demonstrate how our community is making open source more secure and useful to financial services. 

Generative AI is transforming every sector, but in financial services its adoption comes with unique stakes: compliance, trust, and systemic risk. While large language models (LLMs) and other AI systems promise productivity gains across research, compliance, trading, and customer engagement, they also introduce challenges that generic benchmarks cannot adequately address.

This tension was at the heart of the recent FINOS workshop and techsprint in London, where engineers, architects, developers and open-source contributors working in the FSI converged to shape an Evaluation Framework for AI in Finance.

Interested in FINOS open source AI? Click the link below to see how to get involved in the FINOS AI Community.

I made the quick hop from Dublin to London for the Open Source in Finance Forum (OSFF) 2025. From the moment I arrived, it was clear I was in the midst of something special—the energy was unmistakable.  (The weather was incredible too!) Engineers, innovators, and open source leaders from across fintech were gathering, eager to connect and push the boundaries of collaborative technology.