Press Releases

Landmark additions of DTCC, FactSet, Intel, JSCC, AWS, Provectus, TestifySec consolidate FINOS pivotal role as a neutral hub for open collaboration in financial services

NEW YORK, NY – June 26, 2024 - The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, is proud to announce the addition of new members to its ecosystem: DTCC, FactSet (NASDAQ: FDS), Intel (NASDAQ: INTC), Japan Securities Clearing Corporation (JSCC) have joined as Gold members, and Amazon Web Services (AWS) (NASDAQ: AMZN), Provectus, and Testify Sec have joined as Silver members. Additionally, interop.io has elevated its commitment from Silver to Gold Membership. These companies join FINOS to contribute to open collaborations that benefit the entire financial services industry’s value chain, like the recently announced AI Strategic Initiative.

FINOS Members including Citi, Scott Logic, Morgan Stanley, ControlPlane, Microsoft, London Stock Exchange Group, Publicis Sapient, Databricks, EPAM and Provectus collaborate to develop a governance framework for the onboarding, development and running of AI-based solutions within financial services

NEW YORK, NY - April 30, 2024 - The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, today announced the formation of the AI Readiness for Financial Services Industry (FSI) Special Interest Group (SIG)as part of its broader pioneering artificial intelligence (AI) strategic initiative.

Landmark additions of BlackRock, Microsoft, Publicis Sapient, Syntasso, Tidelift and Tradeheader to accelerate industry-wide adoption of critical FINOS projects across the value chain

NEW YORK, NY - March 7, 2024 - The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, is pleased to announce the addition of new members to its ecosystem: BlackRock (NYSE: BLK), Microsoft (NASDAQ: MSFT), and Publicis Sapient (OTCMKTS: PUBGY) have joined as Gold Members, while GitLab (NASDAQ: GTLB) has elevated their commitment from Silver to Gold Membership. Additionally, Syntasso, Tidelift and TradeHeader have joined at the Silver Membership level.

LONDON – December 4, 2023 - FINOS, the Fintech Open Source Foundation announces in partnership with The International Securities Lending Association (ISLA), International Capital Market Association (ICMA), and International Swaps and Derivatives Association (ISDA), the launch of version 5.0 of the Common Domain Model (CDM), released in November. This major release, hosted on FINOS, features a multitude of technical, product, and event improvements.

The State of Open Source in Financial Services 2023 report uncovers the need for new training and certification based on the experience of the largest global financial institutions which now encourage consumption and contribution to open source projects

As downloads grew 5x this year, financial services institutions and application developers can now accelerate their FDC3 skillsets through new Linux Foundation Training and Certification programs

Open standard launches following monumental industry-wide support with more than 100 participants from 20+ firms during formation phase.

NEW YORK, NY – October 17, 2023 - The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, today announced the addition of two new gold members: Hedera and, Sonatype as well as nine new silver members: ComplianceCow, Concourse Labs, Connectifi, Container Solutions, Kinetix, Leading Point,Orkes, Percona, StormForge, and one new associate member: Interledger Foundation. The continued expansion of FINOS members, ranging from established financial institutions to fintechs, showcases the transformative power of open source within the financial services industry. These members will be announced on stage at the Open Source in Finance Forum (OSFF), on November 1st in New York City, as they represent diverse and leading edge players across the entire financial service open source supply and value chain. The continued momentum of membership, now totalling an impressive 79 organizations globally, demonstrates FINOS' commitment to driving innovation and collaboration across the industry.

Global visionaries headline the premier open source in finance event in the world, addressing artificial intelligence, cybersecurity, cloud financial management and concentration risk, mainframe computing, frontend engineering, diversity recruiting, research, and more.

Championed by Citi and joined by over 10 global financial firms, the project welcomes broad industry participation across financial services, technology and cloud service providers.