201805 FINOS Corporate deck

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FINOS Corporate deck. The second element is what we refer as platform or collaborative economy. Since the dawn of web 2.0, cloud and software-as-a-service we witnessed a massive transformation of how technology is used to deliver value: platforms like Uber and Airbnb have shown the way in a whole new way of delivering technology. Those are not solutions, they are platforms, fundamentally opening new channels between demand and supply, rather than producing and delivering a specific product / solution like in traditional business models. In a platform play, value creation is continuous rather than one way, and involves creating a thriving ecosystem. Whether thats hotels, cars or partners integrating, building solutions or the very network your platform creates, it is clear that the value, the core IP, is NOT in the platform - in the software - per se. And openness, in your API, data representation and ideally source code, become critical to create that ecosystem that will deliver value.

Technology

- http://www.thedigitaltransformationpeople.com/channels/strategy-and-innovation/why-banks-should-reinvent-banking-in-the-era-of-platform-economy
Finos.org

Value Creation Is Linear And One-Way
Finos.org

Value Creation Is Two-Way And Continuous
Finos.org

Your Secret SauceValue
Line
Community
Agile and Iterative
Across the org chart
Finos.org

Fintech Open Source Foundation
Financial Services Focus
Finos.org

Open Source Repos
Contributors
Collaborative Programs
Member Organizations
See all our Members at finos.org/membersSee all our OSS Projects at finos.github.io

CORPORATE
GOVERNANCE,
STRATEGY
MEMBERS
NEW PROGRAMS
COMMUNITY
GOVERNANCE
OPERATIONS
Board of Directors
PROGRAM A
PROJECTS
WORKING
GROUPS
PROGRAM A PMC
PROJECTS
WORKING
GROUPS
PROGRAM B
PROGRAM B PMC

OSS
VALUE
OSS
CHALLENGES
DECISION MAKERS ENABLEMENT
LINE OF BUSINESS ENABLEMENT
WHY
OPEN SOURCE?
WHAT TO
OPEN SOURCE?
LEGAL CULTURAL TECHNICAL
Finos.org | 4.13.18
HOW CAN FINOS HELP?

The Open Developer Platform
SYMPHONY
(ReST API)
SYMPHONY
(Extension API)
PLEXUS
Upcomin
g
ADD YOUR
OPEN API
FREE for all our open source contributors!
finos.org/open-developer-platform
ADD YOUR
OPEN DATA
SYMPHONY
(Integration webhooks)
A SECURE AND COMPLIANT SANDBOX FOR OPEN SOURCE FINTECH
COLLABORATION ACROSS THE FIREWALL
Finos.org | 4.13.18

5 Stages of Engagement
In our collaborative Programs
Finos.org | 4.13.18

Financial institutions and fintech vendors are amongst the larger producers of software and employers of highly talented developers worldwide. Yet while Wall Street has been consistently increasingly consumption open source, this interactive-by-nature ecosystem has been largely missing out on the opportunities of open collaboration, participation and contribution open source projects. But in the context of a massive generational and technological evolution, with cloud and decentralized technologies taking over the industry, the opportunity for an open fintech is huge for financial institution decision makers, for developers and generally for each one of us, downstream users of the financial services complex. In this deck, Gab, Executive Director of the Fintech Open Source Foundation, discusses the state of open source in financial services, discussing trends, opportunities, concrete examples of collaboration and extending a call for contribution to the extended OSS community.

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Gab Columbro, Symphony Software Foundation: Welcome & Keynote. Gabriele is an open source leader and technologist at heart, having spent more than 10 years building thriving communities and delivering business value through open source. He thrives in working with open source communities to drive disruptive innovation, whether it’s for an early stage tech startup, a Fortune 500 firm, or a non profit organization. Gabriele brings a wealth of expertise in executive and technical leadership, ranging from FinTech to enterprise collaboration, and from developer platforms to SaaS ARR business models. Previously Director of Product Management at Alfresco, Gabriele has now built the Symphony Software Foundation from the ground up, with the vision of creating a trusted arena for Wall Street to accelerate digital transformation, engaging in a new model of open source FinTech innovation. Gabriele is a PMC Member for the Apache Software Foundation and an advisor for Bankex.com. Based in San Francisco but originally from Italy, he’s a proud SSC Napoli supporter, a reggae music connoisseur and a South Park groupie.

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FINOS June 2018 Members Meeting - Voice Program Update

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In this talk Jamie Jones, GitHub’s Principal Architect, Diane Mueller is Director, Community Development at Red Hat, and Maurizio Pillitu, FINOS DevOps Director, present what are the most common barriers and technical frictions that prevent financial institutions to fully embrace open source. The FinsServ Developer Experience is a new FINOS Program that aims to consolidate a safe, accessible and shared workflow for developers in the financial world, who are welcome to join the talk and share their experiences. The program leads will be on stage to present charters, updates and to call for the participation of developers and software vendors wanting to plug their build automation tools and data APIs inside the FINOS Developer Experience.

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The days when financial institutions relied solemnly on proprietary code are over. Today, even the largest financial services firms have realized the benefits of using open source technology to build powerful, innovative applications at a reduced time-to-market. However, the financial services industry faces strict regulatory requirements that present it with a unique set of challenges, especially when it comes to open source usage (both consumption and contribution). FINOS is a non-profit organization whose purpose is to accelerate collaboration and innovation in financial services through the adoption of open source software, standards and best practices. Together with WhiteSource, they are able to provide a safe environment for developers to use open source components freely and fearlessly. Join FINOS and WhiteSource as they discuss: The challenges of open source usage The state of open source vulnerabilities management How FINOS uses WhiteSource to ensure the security and IP compliance of FINOS-produced open source software

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What is Fintech Open Source Foundation_ - Bahaa Abdul Hussein.pdf

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Bahaa Abdul Hussein brings our attention to Fintech Open Source Foundation and explains about it in this article. Digital Currency has the power to transform the economies connecting government, people, businesses, organizations, and people globally and locally with the help of technology. It had a significant impact over a while with more advances in the future. We must share information freely and openly across borders, institutions, and industries to achieve success. It will create a robust database that strikes decision-making and innovation.

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Technology leaders (CTO, VP Infrastructure, etc.) at most organisations are always looking for better and more efficient ways to address business needs. Performance is one of the critical attributes leaders consider while making data center infrastructure decisions, but with limited budgets, cost efficiency becomes an important criteria as well. This talk will discuss both CapEx and OpEx advantages of open networking, combined with technical benefits that lead to easier automation, scaling and troubleshooting.

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This talk focuses on how Financial Services companies prepare for the next big technology step change while running a heterogeneous infrastructure environment (edge, fog, colo, primary data centre, etc). Financial Services companies are looking for best practices gleamed from hyper-scale companies like Facebook, Microsoft and Google who run highly efficient private and public clouds. The sharing of open hardware and data centre designs is a core strategy for these companies and the basis for the Open Compute Project (OCP). The Open Compute Project (OCP) was started by Facebook in 2011 with the idea of delivering the most efficient designs for scalable computing through an open source hardware community. We believe that openly sharing ideas, specifications, and other intellectual property is the key to maximizing innovation and reducing complexity in technology components. Goldman Sachs (a current board member of OCP) is one example of a company who is leveraging these designs. OCP designs are more efficient at the ingredient level (server, storage, networking) compared to traditional gear yielding energy savings of 15% + and reduced service costs of ≈ 50%. Also, OCP data centres achieve PUE's better than 1.1 (definition). In fact, IDC forecast that by 2020 OCP Servers are expected to represent 50% of the global market. In this session we would discuss the key strategies Financial Services companies need to consider now to simplify the migration and data centre transformation from conventional gear to OCP and open source. We would provide specific examples of how other Financial Services companies and large enterprises have made this transition. Additional goals would include: • Research findings – share results comparing OCP with legacy infrastructure from large enterprises who have tested OCP gear in their local facilities. • Facebook and Microsoft – help the audience understand which OCP designs from hyper-scale companies can be used for each environment (colo, edge, etc.)

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