The State of Open Source in Finance
Talkat Open Source in Finance Forum New York 2022 · on Thursday, 2022-12-08· at 09:25· HALL 1, New York, NY, USA·
summary
Survey of 250+ respondents finds 87% say OSS is valuable and GitHub commits from finance are up +43%. Finance adopts projects like FDC3, builds an Open Source Readiness SIG and a technical steering committee, and reports that an OSPO boosts inner source success (61%). Benefits cited are lower TCO, less vendor lock‑in, faster security response, and better talent retention, while challenges remain: 80% of code is open source, contribution incentives are weak (75% allow contributions but only 35% actively encourage them), so governance and access barriers persist.
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chapters (17)
- 0:00Open source in finance
- 1:02Game-changing projects
- 2:25Why CFOs care about FDC3
- 3:29Finos maturing
- 4:52Open source Readiness SIG
- 5:35Open source in banks
- 6:59Open source in finance
- 7:40Security benefits
- 8:44Security trade-offs
- 10:08Open vs proprietary tools
- 11:33Inner source success
- 12:18Why embrace open source
- 13:00Surge in contributions
- 14:25Barriers to contributions
- 15:30Firms hesitate to contribute
- 17:18Appeal to young devs
- 19:46Overcoming resistance
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