Open Source in Finance Forum London 2024

The key to success for any organization is providing value to its customers. The product or service is what brings success. However, many components and backend systems ensure companies can get items to market. Profitability has become the primary focus for most companies these days. So, naturally, cost is part of the conversation. When it comes to the data and the management of it, cost is just one component. Other concerns include security, scalability, and efficiency. Open source software should be a part of everyone’s strategy. This talk is tailored explicitly to why adopting open-source technologies, particularly databases, benefits financial institutions by giving them a competitive advantage. The session will go over moving from proprietary databases to open source, the benefits of moving towards open source adoption, and the risks associated with open source adoption. We will review the Why and the How for migrating from proprietary to open software.

Join us at the FINOS Open Source in Finance Forum as we delve into a collaboration between NatWest and Red Hat that culminated in the NatWest Group Distinguished Engineer program. Discover how this initiative crafted a robust framework for engineering assessment, an agile operating model, and resulted in ongoing collaboration amongst a selected cohort of NatWest Group Distinguished Engineers. This program not only provides an engineering career framework that could potentially be adopted by the financial services industry, but also showcases how collaborative FINOS members can drive innovation and excellence in the financial industry.

This session will share Citi's experiences of: • Architecting your inner source program - how to decide which projects to include • How inner source actually adds value - how collaborating in teams rather than silos improves productivity and the developer experience at Citi • Common challenges – getting users/contributors, poor quality contributions… • How inner source prepares you for open source contribution

Dive into the dynamic world of financial services and open source community building with James McLeod, NatWest Group Open Source Program Lead. Drawing from his experience building engineering communities at React London - Bring Your Own Project, London.JS, Lloyds Banking Group and FINOS, James has sculpted thriving ecosystems that drive innovation and collaboration. Join us at the FINOS Open Source in Finance Forum to unravel the secrets behind James' success in fostering vibrant communities that redefine the intersection of finance and technology. Explore the power of community-driven development and the future collaboration will play in building Open Source and InnerSource at NatWest Group.

Creating an engineering culture that thrives on strategic open source contributions In the dynamic landscape of financial services technology, open source contribution has become a critical enabler for innovation. But open source development takes a complete shift in engineering culture. So how do you successfully drive that change in a large enterprise? By focusing on developing a culture of continuous learning and engineering excellence, Fidelity Investments has matured from the early days of basic contributions to current-day delivery of strategically important features. In this session, you will gain insight into the comprehensive framework used to build our open source community from the ground up. We will share the challenges we faced and give practical examples of how you can apply this model to your organisation. And finally, you will gain insight into how to measure success at each stage of your journey,

The development of StatGPT represents a significant milestone in the advancement of LLM-driven solutions for interactive
data exploration and analytics. StatGPT is to be deployed by world's leading multinational organizations. It is built on top of EPAM’s DIAL, open-source technology (https://epam-rail.com) which, among other capabilities, is specifically designed to automate the generation of statistical data queries by harnessing the capabilities of LLM.

Join to hear how Chris and Kateryna have supported open source program offices and organizations on navigating the open source landscape and the significance of contribution over consumption and the importance of business aligned metrics. We’ll share our experiences, key findings throughout our careers, both positive and negative, as well as strategies for deriving tangible value from open source involvement with a specific lens on financial and regulated industry scenarios. The talk will also highlight how leveraging data-driven approaches, to understand and adapt open source maturity, is a sure-fire way to inform decision-making, elevate your development activity, and propel your organization towards innovation and a more collaborative culture. In particular, for organizations hesitant or inexperienced in open source contribution, this session will offer a transformative perspective on the impact that active participation can have on business success. We’re excited to share how overcoming barriers, embracing open and leveraging metrics to quantify the value derived from open source involvement can support your enterprise.