SD Times: FINOS introduces open source Common Domain Model project

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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

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.

Post-OSFF Announcements #2 - Rob Moffat

Read our Open Source Readiness weekly update

Initial Margin Reporting using CDM – Marc Gratacos, TradeHeader

Presented at Open Source In Finance Forum 2023 – NYCPresented by Marc Gratacos – TradeHeaderTitle: Initial Margin Reporting using CDMAbstract: Initial Margin Reporting using CDM The International Swaps Derivatives Association, Inc. created the Standard Initial Margin Methodology (SIMM) to harmonize the calculation of guarantees and help market participants to comply with regulations. Specifically, to comply with the BCBS-IOSCO (Basel Committee on Banking Supervision and the International Organization of Securities Commissions) margin framework for non-cleared derivatives. ISDA developed the Common Risk Interchange Format (CRIF), and together with the Common Domain Model (CDM), create a powerful solution to standardize and automate the exchange of risk data. The CRIF is the standard template to hold and report risk data, it enables the exchange of risk data between firms and facilitates the initial margin reconciliations. The SIMM methodology applies sensitivity-based calculations across four product groups: Interest rates and FX, Credit, Equity and Commodities. Applying the CDM will help to automate the creation of CRIF files and ensure their validity, as well as enable automation of risk data reporting to regulators. The presentation will show how CDM can be used to standardize the generation of CRIF files.Slides can be found here: https://osff2023.sched.com/event/1PzGF/initial-margin-reporting-using-cdm-marc-gratacos-tradeheaderFind more info about FINOS:On the web: https://www.finos.org/Twitter: https://twitter.com/finosfoundationLinkedIn: https://www.linkedin.com/company/finosfoundation/OSFF NYC: https://events.linuxfoundation.org/open-source-finance-forum-new-york/

CDM Collateral Representation – Amy Caruso & Vernon Alden Smith, ISDA & Tom Healey, ICMA

Presented at Open Source In Finance Forum 2023 – NYCPresented by Amy Caruso & Vernon Alden Smith – ISDA & Tom Healey – ICMATitle: CDM Collateral RepresentationAbstract: Reduce manual input to collateral management systems and decrease collateral disputes with CDM. Learn more about CDM’s collateral representation and the Object Builder, which can be used to create digital eligible collateral schedules and automate eligibility of collateral processing.Slides can be found here: https://osff2023.sched.com/event/1Q2Lu/cdm-collateral-representation-amy-caruso-vernon-alden-smith-isda-tom-healey-icmaFind more info about FINOS:On the web: https://www.finos.org/Twitter: https://twitter.com/finosfoundationLinkedIn: https://www.linkedin.com/company/finosfoundation/OSFF NYC: https://events.linuxfoundation.org/open-source-finance-forum-new-york/

Congratulations to the FINOS Community Award Winners 2023

During our recent Open Source in Finance Forum, we had the opportunity to recognize many of the incredible individuals and companies making significant contributions and creating a positive impact in open source in financial services. We're extremely grateful for all of their work, along with so many others, and want to give them another shout out in this post!

Open Source Readiness – Weekly Update – 8 November 2023

Unless you’ve been living under a rock for the last couple of weeks, you should be aware of the OSFF conference that happened on the 1st November in grand style in the Marriott Marquis hotel in New York. Open Source Readiness was featured heavily not only in the keynotes and at our project table (thanks to Brittany Istenes, Cara Delia and Mimi Flynn for their staffing duties) but also in the press release on the state of open source in financial services.

5 Lessons for Organizations Starting Their Open Source Contribution Journeys - Andy Smith, Discover

While Discover® Financial Services has a long history of using open source, in 2021, I joined Discover to formally drive the open source strategy. I have spent the past year listening to our business units, collaborating with our legal team, and working within our developer community to develop a framework for open source contribution. The blog post shares some of the fundamental principles I’ve learned that can help organizations that are charting their open source contribution path for the first time.

Optimizing Cloud Efficiency for FinServ Enterprises with FinOps – Shua Shim & Andrew Nhem, Discover

In the dynamic landscape of the financial services industry, cloud technologies have become the catalyst of innovation for enterprises. However, optimizing cloud resources and managing costs in a highly regulated environment poses unique challenges.

The CDM: Common Domain Module – Adrian Dale – ISLA, David Shone – ISDA, Jane Gavronsky – FINOS

In this episode of the podcast, our FINOS COO, Jane Gavronsky sits down with Adrian Dale of ISLA and David Shone of ISDA to discuss the associations contribution and backing of the FINOS Common Domain Model (CDM) to the FINOS open source community.

LF Course & FSOSD Exam - Rob Moffat

This year at FINOS we are focusing on one of FINOS' key existing projects: Open Source Readiness. This is FINOS' term for helping the finance industry "do open source properly".