At interop.io, we are thrilled to announce our elevation to Gold Membership status within the Fintech Open Source Foundation (FINOS). This milestone is a testament to our unwavering commitment to FDC3, open source collaboration, and innovation within the financial services industry. Our journey with FINOS began in 2017, and today, as a Gold member, we intend to further our contributions and leverage the extensive benefits included in the Gold membership.

A Commitment to Open Standards

Dan Schleifer, President and Co-Founder of interop.io, said: “We’ve been an active participant and member of FINOS since 2017 and are proud to be upgrading to a Gold membership. As a firm, we continue to invest heavily in open standards and lead the FDC3 working groups.

“FINOS is the key that unlocks collaboration across open source and open standards inside the financial services industry.” – Dan Schleifer, President and Co-founder, interop.io

Our involvement in FINOS has always been driven by a passion for fostering interoperability and collaboration in financial technology. The FDC3 (Financial Desktop Connectivity and Collaboration Consortium) working group (of which we are lead maintainers) epitomizes this mission. FDC3 is pivotal in enabling universal communication between financial applications. This not only enhances operational efficiency but also drives innovation and agility within the industry.

Additionally, interop.io Director, Platform Consulting Kris West is heavily involved in FINOS. “Kris West is the lead maintainer of FDC3,” said Rob Moffat, Senior Technical Architect at FINOS. “He chairs many meetings in the FDC3 community, providing guidance and leadership on where the standard should go, all while doing the legwork of improving the FDC3 standard through pull requests or comments on commits.”

“We are very happy with the level of involvement of interop.io, and we hope that will continue into the future.” – Rob Moffat, Senior Technical Architect, FINOS

Kris West said: “interop.io supported FDC3 pretty much from the outset. We were involved in the original definition of it, and we worked heavily with FINOS over the last few years to help promote it and develop resources around it, like the training platform and the certification. Increasing our membership tier to gold is really a natural extension of that.”

Check out Kris West’s article on FDC3 Context Data and Intents.

Who are FINOS Members?

Firms like Citi, UBS and J.P.Morgan are all members of FINOS. Check out the full member roster in this image:

Leveraging FINOS Benefits

As a Gold member, interop.io now gains access to benefits that will bolster our capabilities and impact within the FINOS community. These include extensive training programs, certification opportunities, and software conformance benefits. These resources are designed to ensure that our team remains at the forefront of innovations and industry best practices.

Training Programs:

FINOS offers a wide range of training modules that cater to various aspects of financial technology and open source development. These programs are instrumental in equipping our team with the latest knowledge and skills, enabling us to implement cutting-edge solutions for our partners and clients. Learn more about FDC3 training.

Certification Opportunities:

Certification through FINOS not only validates our expertise but also enhances our credibility within the industry. It underscores our commitment to maintaining high standards of excellence and adherence to industry norms.

Software Conformance:

Achieving software conformance through FINOS ensures that our desktop agent (io.Connect) is aligned with FDC3 standards. This fosters trust and reliability among our clients and partners, who can be assured of the quality and compatibility of the platform. “I couldn’t be more thrilled to welcome so many globally recognized organizations to the FINOS community,” said Gabriele Columbro, Executive Director of FINOS and GM of Linux Foundation Europe.

“The increased commitment of existing contributors like FactSet and interop.io demonstrate[s] once more the value our most established projects like FDC3 are delivering across the industry.” – Gabriele Columbro, Executive Director, FINOS

The Future of Financial Technology

The financial services industry is at a pivotal juncture, with technological advancements and open source initiatives driving unprecedented transformation. As a Gold member of FINOS, interop.io is poised to play a significant role in shaping the future of financial technology. Our leadership in the FDC3 working group is a testament to our dedication to creating interoperable solutions that bridge gaps and foster seamless communication between financial applications.

Moreover, our collaboration with other FINOS members opens up new avenues for innovation. By sharing insights, resources, and expertise, we can collectively address the challenges faced by the industry.

A Shared Vision

Our journey with FINOS is not just about leveraging the benefits of Gold membership; it is about contributing to a shared vision of an open, collaborative, and innovative financial ecosystem. We believe that the true potential of financial technology is realized through collective effort and a commitment to open standards.

Learn more about our partner program.

In conclusion, our elevation to Gold Membership within FINOS is a significant milestone for interop.io. It reflects our dedication to developing FDC3 standards and fostering interoperability within the financial services industry. We look forward to continuing to make meaningful contributions to the FINOS community. Together, we can unlock new possibilities and drive the future of financial technology. Thanks to FINOS for hosting FDC3 and all open source projects in finance!

For more details on the benefits for FINOS members, check out the FINOS Membership Benefits Guide.

Author: Anna Shearer, Director of Content Marketing, interop.io