An Open Source Architecture for Modernizing Market Risk Management

In today’s environment, financial institutions face challenges that include: * New and more complex calculations due to regulatory demands (i.e., FRTB) and climate risk * Explosive data growth and the need to move and analyze this data * Limited on-premise compute capacity * Need to improve time to value by accelerating model deployment to production To help solve these challenges, Marius Bogoevici and Aric Rosenbaum have worked with industry experts and market leaders to design a forward-thinking, open source solution to better address current challenges and prepare for future needs. Based on real-world use cases, we will show how an open source market and credit risk calculation architectural framework: * Scales risk management by leveraging the hybrid cloud to perform new and more complex calculations in less time at a lower TCO * Accelerates development and deployment of risk models via modern DevSecOps practices * Responds in real-time to market / alternate data via an event driven architecture * Improves risk management by orchestrating and automating the many pre/post-calculation steps * Improves auditability and transparency with flexible rules-based decisioning

FINOS CCC Announcement - Money 2020 Interview

This morning during Money2020, The Fintech Open Source Foundation (FINOS), the foundation of open innovation in financial services and part of The Linux Foundation, announced that FINOS Common Cloud Controls (FINOS CCC), a set of open standards that describes consistent controls for compliant cloud deployments in the financial services sector, is now open sourced through FINOS under the Community Specification License.

Collaborate, Don't Fork - Peter Smulovics

The concept of forking has become synonymous with branching out independently on a project. While forking serves its purpose in certain scenarios, it's essential to recognize when it may not be the most effective approach. Now, we'll explore the benefits of active innersourcing and why developers should consider collaboration before taking the fork in the road.

CDM: An Overview

View an overview of the CDM

Introducing FINOS Common Cloud Controls

Learn more about FINOS Common Cloud Controls in this pdf

Blog: Unlocking the Future of Finance IT

Unlocking the Future of Finance IT: Discover key insights from The 2023 Open Source in Financial Services Report, highlighting the growing importance of open source, the rise of Open Source Program Offices, and actionable insights for organizations in the financial sector.

2023 Report Infographic

View the infographic covering the 2023 State of Open Source in Financial Services report

2023 Report Download

FINOS, the Fintech Open Source Foundation, and its research partners, GitHub, Linux Foundation Research, Red Hat and Scott Logic conducted a survey and key stakeholder interviews to understand the state of open source adoption, contribution, and readiness in the financial services industry. Download the report to learn more.

OSFF 2023: State of Open Source in FinServ Report

Watch a keynote from our Open Source in Finance Forum 2023 covering the State of Open Source in Financial Services Report

FDC3 General Meeting 7th Nov 2023

Watch the video from our FDC3 General Meeting on 7th November 2023

Common Cloud Controls Homepage

Click to view the FINOS Common Cloud Controls (CCC) Homepage

Common Cloud Controls Interest Form

Sign up to get involved in the FINOS Common Cloud Controls (CCC) Project

Common Cloud Controls Github

Click to view the FINOS Common Cloud Controls (CCC) Github