FINOS Open Source in Fintech Podcast - Financial Services after Covid-19 : Open Source Paves the Way

In this eighth edition of the FINOS Open Source in Fintech Podcast, FINOS Director of Community James McLeod interviews Wipro's Global Open Source Practice Leader, Andrew Aitken after their FINOS Virtual Meetup presentation on June 17, 2020.

FINOS OPEN SOURCE IN FINTECH PODCAST - FINANCIAL SERVICES AFTER COVID-19 : OPEN SOURCE PAVES THE WAY - ANDREW AITKEN , WIPRO - 17 June 20

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Guest Speaker: Andrew Aitken of Wipro, presented on the "Financial Services after Covid-19 : Open Source Paves the Way".

Due to Covid-19 impact, financial services need to explore and understand the new normal – ensure stronger business continuity, engage and enable a remote developer workforce and facilitate digital business models at optimal costs. Open source already plays a key role in many financial services organizations, and with its ability to drive innovation, support organizational and cultural change and reduce costs, it’s going to become an even larger part of the post-Covid IT landscape. A robust and enterprise-wide open source strategy is key to maximizing the benefits of open source while managing any potential risks.. Open source can be a key to accelerating the journey to the new normal.

A Deloitte article on the impact of Covid-19 on Banking and Capital Markets focuses on key questions they advise boards to ask themselves, and our reference on how open source can be a part of the solution

How to infuse organization agility while enhancing risk management in dispersed work environment? – Inner Source
How best to serve the banks’ customers particularly those who may be affected by the impacts of Covid-19? – Digital business models (OSS-based scalable cloud native solutions)
How to manage costs while the existing operational infrastructure expands to accommodate remote work? – OSS rationalization and modernization
How to continue to maintain business and operational resilience as circumstances change? – OSS Monitoring and Automation Technologies

Andrew's Bio:

Andrew and his team are responsible for crafting and executing Wipro’s open source consulting, go-to-market and solutions strategy.

Andrew has served as an open source expert to the White House and California Senate and as a guest lecturer at Stanford’s Entrepreneur program. He is an investor in Mautic and on the Board of Advisors of various open source companies. He is past Board Member of OSEHRA, an initiative spearheaded by the U.S. Department of Veterans Affairs to provide open source-based cost effective healthcare solutions for veterans. He has personally worked with organizations such as Capital One, Fidelity, Microsoft, the U.S. Navy, and many startups, assisting them with developing their open source strategies.

Andrew has been a pioneer in the development of open source adoption, governance and commercialization models and is a frequent international speaker on a variety of open source-related topics.

FINOS VIRTUAL "MEETUPS"

The FINOS Open Source in Fintech Podcast is part of our continued commitment to provide value to our Members and our greater Community. In these (usually bi-weekly) sessions we speak with members of the FINOS community about specific open source projects and interesting topics at the cross section of financial services and open source. So far, our industry experts have discussed practical applications of and their real-world experiences with a range of open source projects including desktop interoperability, low code platforms, synthetic data, and data modeling. They’ve also discussed best practices for inner source, common myths about open source and why commercial companies choose to introduce open source offerings. Tune in to hear what comes next.

For a full weekly list of meetups, webinars, and other open source project oriented meetings, please refer to “This Week at FINOS”, and sign up for the email that comes out every Monday.

(Email community+subscribe@finos.org to be automatically added to the distribution.)

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FINOS Open Source in Fintech Podcast - Financial Services after Covid-19 : Open Source Paves the Way - Andrew Aitken