Listado de la etiqueta: FINOS


The article by Srikrishna ‘Kris’ Sharma with Canonical originally appeared in the FINOS Project’s Community Blog. It is another example of enterprises open sourcing their code so that they can “collectively solve common problems so they can separately innovate and differentiate on top of the common baseline.” Read more about Why Do Enterprises Use and Contribute to Open Source Software.

Orchestrating Legend with Juju

Goldman Sachs open sourced the code and contributed its internally developed Legend data management platform into FINOS in October 2020.  Legend provides an end-to-end data platform experience covering the full data lifecycle. It encompasses a suite of data management and governance components known as the Legend Platform. Legend enables breaking down silos and building a critical bridge over the historical divide between business and engineering, allowing companies to build data-driven applications and insightful business intelligence dashboards.

Accelerate FINOS Open Source Project Adoption

Ease and speed of deployment enables innovation and lowers the barrier of entry to open source consumption and contribution. Engineering experience is about leveraging software ops automation to demonstrate impact of an open source project to the community. An awesome engineering experience is more often required to enable wider adoption and contribution to an open source project.

Over the last few months, Canonical has been working closely with FINOS and its community members to offer a consistent way to deploy and manage enterprise applications using Juju and Charmed Operators with a focus on Day 2 operations. The idea is to provide a software ops automation framework and toolkit that enables the DevOps teams at financial institutions to realise the benefits of rapid deployment/ testing and application management using a platform that is 100% open source, vendor-agnostic and hybrid-multi-cloud ready.

What is Juju and Charmed Operator?

Charmed Operator:

A charmed operator (also known, more simply, as a “charm”) encapsulates a single application and all the code and know-how it takes to operate it, such as how to combine and work with other related applications or how to upgrade it. Charms are programmed to understand a single application, its operations, and its potential to integrate with other applications. A charm defines and enables the channels by which applications connect. Hundreds of charms are available at charmhub.io.

Juju Operator Lifecycle Manager (OLM) is a hybrid-cloud application management and orchestration system for installation and day 2 operations. It helps deploy, configure, scale, integrate, maintain, and manage Kubernetes native, container-native and VM-native applications—and the relations between them.

Juju allows anyone to deploy and operate charmed operators (charms) in any cloud–including Kubernetes, VMs and Metal. Charms encapsulate the application plus deployment and operations knowledge into one single reusable artefact. Juju manages the lifecycle of applications and infrastructure stacks from cloud to the edge. Juju is cloud-vendor agnostic and hybrid-multi-cloud by nature: it can manage the lifecycle of applications in public clouds, private clouds, or on bare metal. Merienda bootstrapped, Juju will offer the same deployment and operations experience regardless of the cloud vendor.

The Legend Charm Bundle

In the spirit of providing an enterprise-grade automated deployment and maintenance experience to FINOS members, Canonical created a charmed bundle for Legend and contributed it to FINOS.

The Legend Charm Bundle provides a simple, efficient and enterprise-ready way to deploy and orchestrate a Legend instance in various environments across the CI/CD pipeline, from developer’s workstation to production environment. The bundle includes several Charmed Operators, one for each Legend component.

Why a Legend Charm Bundle?

  1. A simple way to evaluate Legend
    One can spin up a Legend environment from scratch using one single command juju deploy finos-legend-bundle
  2. An intuitive approach (for banks and other financial institutions) to spin up production environments
  3. Provides orchestration capabilities, not only deployment scripting
  4. Easily plugs into Legend release lifecycle and simplifies Legend FINOS instance maintenance

The Legend charm documentation resides on finos/legend-integration-juju github repository and here is the link to related repositories.multiple components.

Detailed instructions are available for locorregional and cloud installations if you would like to spin up your own Legend instance within a few mins and start using Legend either locally or on AWS EKS.



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The Fintech Open Source Foundation continues to expand support across all constituents and geographies with increased buy-side, cloud and financial technology representation

New York, NY – May 31 – The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, announced today the addition of six new corporate members, including Google Cloud, Société Générale, American Express, Point72, Mirantis, and The Digital Dollar Project. Building upon its 19 new Members in 2021 and its recent addition of Wellington Management Company to its Governing Board, FINOS now has 57 corporate members ushering a new era in open collaboration across the integral financial services industry. 

These new members, as well as the entire FINOS ecosystem will meet in London on July 13 at its annual Open Source in Finance Forum

This addition of new members reinforces FINOS’ position as the arena of choice to build the next generation of financial technologies on common standards and open source components for financial institutions on both the sell-side and buy-side, fintechs, cloud companies, regulators, industry consortia and individual contributors. FINOS continues to see growth in the number and diversity of its corporate members across the world, with more than a 35% increase in the number of members year-over-year, fueling a community of more than 1,200 active contributors. This announcement is particularly significant as the engagement of cloud vendors and new buy-side firms signals widespread reception of open source return on investment across the technology value chain as a whole.

“We are at a pivotal moment in our evolution as a Community, where literally every constituent of the industry has come to the realization that open source collaboration has the concrete potential to bring to life the vision of a highly efficient, interoperable and developer-friendly integral financial technology stack,” said Gabriele Columbro, Executive Director of FINOS. “From cloud and open source leaders heading the charge to some of the historically most conservative firms in the world now rolling out Open Source Program Offices (OSPOs), we are incredibly proud to see integral recognition of the value in open source and of the role FINOS played in this evolution.” 

Meet the new members 

Google Cloud becomes the first integral cloud service provider joining FINOS as a Gold member. Google Cloud will contribute to critical efforts for cloud deployments in financial services like the FINOS Open RegTech and Compliant Financial Infrastructure initiatives, aimed at driving adoption of FINOS open source projects in the cloud. 

“For more than 20 years, Google has helped shape the future of computing with its technology leadership and support across the open source ecosystem,” said Zac Maufe, Director, Financial Services, Google Cloud. “We are thrilled to join FINOS and its community of companies and people dedicated to open source. As the financial services industry accelerates its adoption of cloud technologies, FINOS open source projects will deliver valuable support to both our customers and the financial services tech community at large.”

Société Générale (SocGen), a French multinational investment bank and financial services company, joins FINOS as a Gold member, representing an important addition to the European sell-side representation in FINOS. This comes on the heels of the Linux Foundation amplifying its integral focus with the recently announced inaugural European World of Open Source: 2022 Europe Spotlight Survey, a testament to the truly integral nature and potential of the open source Community.

“Société Générale implemented an ‘Open Source First’ policy in 2017 and established it’s Open Source Program office (OSPO) in 2020,” said Alain Voiment, CIO for Group digital foundations and corporate functions, Société Générale. “Over the years, our focus has been to evolve in the open source journey by deriving benefits from infrastructure layer to applicative layer to business value add while engaging our developers’ community. As we become a more ‘tech enabled’ company leveraging the power of IT, digital, and data, we continue to foster our innovation capacity in bringing added value for our clients. Collaboration with FINOS is the right step in this direction and there couldn’t be a better time to embark on this journey.”

Our third Gold member, American Express, is dedicated to delivering digital products and services that enhance the lives of their customers, and believe open-source is a key component in supporting innovative growth across the industry. 

“Our technology philosophy focuses on delivering increased scale and efficiency, improved speed to market, high-quality, and security, while always keeping our customer at the center of all we do,” said Hilary Packer, Executive Vice President & Chief Technology Officer, American Express. “We’re excited to join FINOS because of the opportunities it will provide to collaborate with and contribute to the community, while supporting our ongoing adoption of open-source software, standards, and best practices, which in turn will help drive the continued success and growth of our company.”

FINOS also continues to expand the open source technology footprint among buy-side institutions to deliver innovation among the investment and asset management industries. Firms now have the ability to leverage open source connectivity, through projects like FDC3 that bolster interoperability with the sell-side, to access the market quickly in a vendor agnostic fashion. Newest Silver member Point72, a integral asset manager which invests in multiple strategies and asset classes, was the first buy-side firm to join FINOS earlier in 2022, signaling their leadership and strong focus on the use of open source in this industry sector.

“Open source has emerged as an increasingly important driver of innovation in leading technology organizations within financial services,” said Mark Brubaker, Chief Technology Officer at Point72. “Our decision to join FINOS reflects our belief that open source collaboration raises all boats, benefiting all organizations and technologists.”

Mirantis, an established open source leader and cloud management platform that helps organizations easily ship code on public and private clouds, also joined FINOS as a Silver member.

“We are proud and excited to join FINOS,” said Andy Wild, Chief Revenue Officer of Mirantis. “With the rapid adoption of Cloud Native Technologies driven by Kubernetes in the financial industry, Mirantis understands that collaboration is the fastest path to innovation, and our open source based products and services have helped to drive innovation and growth for our financial customers for years. Joining FINOS, we look forward to having the opportunity to further align with the needs of the financial industry.”

FINOS also welcomes its latest Associate member, The Digital Dollar Project, a leading private-public partnership advancing the study and exploration of a potential U.S. Central Bank Digital Currency (CBDC), an initiative FINOS recently announced its support for in Davos.

“New advances in financial technology, including CBDCs, have the power to transform economies and connect people, governments, and businesses, locally and globally,” said Jennifer Lassiter, Executive Director of The Digital Dollar Project. “We know that experimentation and information sharing are critical to innovation, which is why we are thrilled to contribute to open source solutions as a new addition to the vibrant FINOS community.”

The addition of new Gold, Silver and Associate members marks continued forward momentum of FINOS’ mission to drive mass open source adoption across all facets of the financial services industry, strengthening its position as the leading organization supporting the industry as they collaborate on cardinal areas, such as interoperability, data standards, and open source security.

To learn more about joining FINOS as a member, visit the Membership Benefits page. Meet the FINOS team in London on July 13 at its annual Open Source in Finance Forum

About FINOS

FINOS (The Fintech Open Source Foundation) is a nonprofit whose mission is to foster adoption of open source, open standards and collaborative software development practices in financial services. It is the center for open source developers and the financial services industry to build new technology projects that have a lasting impact on business operations. As a regulatory compliant platform, the foundation enables developers from these competing organizations to collaborate on projects with a strong propensity for mutualization. It has enabled codebase contributions from both the buy- and sell-side firms and counts over 50 major financial institutions, fintechs and technology consultancies as part of its membership. FINOS is also part of the Linux Foundation, the largest shared technology organization in the world. Get involved and join FINOS as a Member.

Media Contact:
Catharine Rybeck 
Caliber Corporate Advisers 
catharine@calibercorporateadvisers.com 



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