FINOS News

A recent article by Cliff Saran of ComputerWeekly.com discusses FINOS members UBS and GitLab, and their collaboration on DevCloud strategy, and how FINOS helps tackle common industry challenges using open source in financial services.

Here is an excerpt from that article:

“UBS and GitLab are members of the Fintech Open Source Foundation (FinOS), which is focused on tackling common industry challenges and driving innovation in the finance sector through the use of open source code. Along with UBS and GitLab, members include Citi, JP Morgan, Nomura, Morgan Stanley and HSBC. 

FinOS aims to promote standardisation to promote industry-wide adoption of security frameworks and financial tools across the banking sector. These standards will be sharable with other financial industries and are expected to contribute to the overall development of banking of the future, as well as increasing efficiency and cooperation within the ecosystem.”