Open Source in Financial Services: The Good, The Bad and the Ugly
summary
State of play: banks move from guarded to active contributors with 72% of firms seeking open source and projects like Perspective (2,500 npm downloads) and FDC3 (800+ npm downloads) in production; Finos hosts Legends, CDM (chosen as custodian by ISDA/IKMA/ISLA), and mainframe Kubernetes tooling. Metrics show 1500+ contributors and 30% annual contributor growth. Remaining problems are real: only 35% know of an OSPO, vendor lock‑in and openwashing limit upstream contribution and internal policy barriers.
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chapters (4)
- 0:00Start
- 4:41Transforming Financial Services Collaboration
- 26:17Senior level & Upstream engagement
- 33:10fintechs are late to the party
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