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FINOS: Launches Open RegTech initiative

November 15, 2020

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