Alessandro Petroni, Head of Strategy for Financial Services, from FINOS member firm Red Hat, shares his insights on open source trends for financial services in 2019. We share his optimism and look forward to increased openness and collaboration across the industry in 2019.
"The increased role of financial services communities
The past few years have seen the rise of communities and organizations being created for open source projects in the financial services industry. These organizations, such as the Fintech Open Source Foundation (FINOS), are both driving open source innovation in financial services and creating a space for industry experts to come together to share knowledge and experiences on banking and technology. In 2019, we expect that open community groups will continue to be trailblazers when it comes to setting the standard for new open source banking technologies, blueprints and guidance including defining new common controls requirements to accelerate adoption of public cloud services."