FINOS FRIDAY UPDATE NEWSLETTER
Happy Friday! In this issue we're excited to welcome new FINOS Team member Julia Ritter; update you on work done on the newly formed Financial Objects SIG, the Legend Case Study, and more. And of course, we'll highlight ways for you to get involved.
We are thrilled to welcome Julia Ritter to the team as our new Community Manager. Julia will be working on providing tactical and strategic leadership for the FINOS Community. She's also fostering collaboration and driving innovation amongst the FINOS developer community by empowering contributors and supporting projects; while working closely with internal stakeholders to help present and position FINOS by supporting our Community in the most impactful ways possible. Stay tuned for more info and email her at julia.ritter@finos.org to introduce yourself.
At the April FINOS Governing Board meeting, the usage of the Community Specification was approved as the default charter for our future open standard efforts. This set of best practices brings together the best of two worlds, enabling an open standard process to be carried out in familiar open source tooling (like Github) and collaboration primitives (e.g. pull requests). We expect new open standard projects to follow this new approach as well as existing standard projects to consider moving to this in the near future. If you are interested in learning more, you can review the updated Open Standards Governance and, if you are a Member, propose new open standard projects here.
This year OpenUK is running their second OpenUK Awards recognising UK leadership in open technology and FINOS is delighted to be sponsoring the award for “Finance in Open Source”.
We’d love to hear more about how open source is being used to improve operations, accelerate development, promote innovation, attract talent, provide a better user experience, and more, within finance in the UK. If you’ve been working on something interesting or noteworthy please submit a nomination.
Read More on Why You Should Submit a Nomination
Submit Your Nomination by June 13th
At its April meeting, the FINOS Governing Board approved uplifting the Financial Objects project into a Special Interest Group (SIG), which will provide a neutral forum for individuals across the financial services industry to collectively identify the need for new, open, financial objects standards as well as modifications to existing ones. The Financial Objects SIG also aims to promote adoption of financial object definitions and models that support common industry workflows and use cases.
Learn more about current and potential use cases at the upcoming Financial Objects SIG kick-off meeting on Tuesday, June 15th at 11am ET / 4pm BST. Have a look at the agenda in GitHub and feel free to propose topics and use cases for discussion.
Send an email to fo+subscribe@finos.org to receive SIG updates.
We're excited to announce the publication of the FINOS Legend Studio Case Study, which illustrates the modeling efforts led by Goldman Sachs between April and September 2020. During the Pilot, FINOS members developed extensions to the International Swaps and Derivatives Association's Common Domain Model (ISDA CDM), that have since been incorporated to the canonical version of the ISDA CDM. The Legend Pilot established a model for future collaboration, where:
Legend was open sourced and contributed into FINOS in late 2020 and is available on GitHub for anyone to use and contribute to.
Every newsletter we recognize and celebrate the awesome work of our open source contributors and the FINOS community.
This week's FINOS Community Spotlight falls on the Financial Objects Special Interest Group and the community leadership demonstrated by Ffion Acland, who co-leads the GlobalData Models and Governance team at Goldman Sachs.
Read Ffion's Community Spotlight
We are continuing a new feature on our Open Source in Finance Podcast called "Voices of the Community". Share your wants & needs, your experience participating in FINOS projects and events, or anything else related to your FINOS experience - we're all ears! We'll be posting a new question every other week. Drop us an email, fill in the quick form below, or send us a 1 minute recording with your answer via Anchor.fm. We'll do our best to include as many responses as we can, and will let you know when the podcast will "air".
This week's question is: "What project or technology are you watching on the horizon for financial services or fintech? (FINOS or otherwise)"
For a full weekly list of meetups, webinars, and other open source project focused meetings, please refer to “This Week at FINOS”, and sign up to receive this email which comes out every Monday. (Email community+subscribe@finos.org to be automatically added to the distribution.)
Wednesday, June 9th
OS in Finance Meetup Webinar: Accelerating DevOps, Cloud and Agile Transformation in Banks with Rancher FINOS OS in Finance Meetup
Speakers: To be announced from SUSE and Wipro
Listen to and view our podcasts and videos on Open Source in Finance. We'll announce upcoming ones through our This Week at FINOS blog and email.
Podcasts
Understanding the InnerSource Checklist
The FINOS Perspective Project - Interview w/ Andrew Stein of JP Morgan
Running Open An Open Source Project From Inside A Bank
Apple Podcasts | Anchor.fm | Spotify | Google Podcasts
Videos
OS in Finance Webinar - FDC3 v1.2 Release Video
OS in Finance Webinar - Understanding the InnerSource Checklist
All FINOS Guest Presentations On YouTube | FINOS YouTube Channel
This Week at FINOS Blog - See what is happening at FINOS each week.
FINOS Landscape - See our landscape of FINOS open source and open standard projects.
Community Calendar - Scroll through the calendar to find a meeting to join.
FINOS Slack Channels - The FINOS Slack provides our Community another public channel to discuss work in FINOS and open source in finance more generally.
All FINOS Project Good First Issues - A good place to start contributing to, and making a difference in, open source in financial services is by taking a look at the FINOS Good First Issues (GFI) List on GitHub.
Project Status Dashboard - See a live snapshot of our community contributors and activity.
Events - Check out our upcoming events or email marketing@finos.org if you'd like to partner with us or have an event idea.
FINOS Virtual "Meetups" Videos & Slides - Access replays of our virtual "meetups" based around the FINOS Community and Projects since we can't all be in the same room right now.
FINOS Open Source in Finance Podcasts - Subscribe and listen to the first open source in financial services and banking podcast for deeper dives on our virtual "meetup" and other topics.
Interested in FINOS open source projects? Click the link below to see how to get involved in the FINOS Community.
Thanks!
~ The FINOS Team