FINOS Adds New Members and Expands its Governing Board

The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, today announced the addition of three new Gold members: Discover, Lloyds Banking Group, and Temenos, as well as turntabl as a Silver member. Welcoming these new members from different areas of the industry is yet another sign of the business value open source delivers to financial services at large, as evidenced by FINOS’ continued momentum as it nears 70 members across the globe. Additionally, FINOS grows its senior representation on its Governing Board, with the additions of Camille Fournier, Managing Director & Head of Engineering and Architecture, J.P. Morgan Corporate & Investment Bank; Aric Rosenbaum, Chief Technologist, Global Financial Services at Red Hat; John Mark Walker, Director, Open Source Program Office at Fannie Mae; and Andrew Aitken, GM & Global Open Source Leader, Wipro Ltd. FINOS also welcomes Rhyddian Olds, Head of Citi’s Open Source Program Office (OSPO), as Vice Chair of the Governing Board.

As FINOS continues to build both its community of global members and the diversity of its Governing Board, the organization will be able to continue investing in strategic areas of open source collaboration in 2023, such as Open Source Readiness, FDC3, and Open RegTech.

“After an unprecedented year of growth for the FINOS community and the open source in financial services movement, we are energized to see this trend continue by welcoming not only another group of influential organizations pledging a sizeable commitment to open source, but also our new Governing Board representatives and Vice Chair that will further our impact at the leadership level and in the C-suite,” said Gabriele Columbro, Executive Director of FINOS & General Manager of Linux Foundation Europe. “Open Source is counter cyclical in nature, so it’s fantastic to see organizations across the whole value chain doubling down their investments in a period of economic turmoil, because only by garnering this broad industry support will we be able to create a truly open ecosystem to open up new markets and unprecedented opportunities for all financial industry participants, large and small, established or just coming to the global stage.”

The deep level of participation in the open source community from key players across financial services, software companies, and banking technology platforms allows FINOS to continue to expand its reach and deliver collaborative solutions throughout the ecosystem. Between these new members of both the community and Governing Board, collaboration in interoperability, data connectivity and standardization, security, regulation, open source readiness, and more will continue to flourish and transform the industry at an accelerated pace.