BankingBusiness

FINOS: Launches Open RegTech initiative

  • FINOS a nonprofit whose mission is to foster the adoption of open source, open standards
  • Announced the launch of its Open RegTech initiative, which aims to expand the successful open collaboration model built between financial institutions
  • Additionally, FINOS announced a codebase contribution from Deutsche Bank of the Symphony Java Toolkit 
  • The FINOS board recently established the use of SIGs to bring together financial services stakeholders to define problem statements
  • Deutsche Bank already a leader in open source technology across the banking sector
  • OpenMAMA‘s project maintainers include several FINOS members like JPMorgan, Deutsche Bank, and Glue42
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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