FINOS

📰 This Week at #FINOS is live! 📢 What's happening: - Feb 26 (Wed) – Register for the FINOS Open Source in Finance Webinar with ControlPlane's Francesco Beltramini, exploring Cloud Native Security. - March 16 – Open Source in Finance Forum London (June 24) Call for Proposals closes. Submit your talk proposal soon! - 🎥 Watch the recent FossID presentation from Jon Aldama on Enabling Generative AI & Mitigating Risks on the FINOS YouTube channel. ➡️ Full details: https://hubs.ly/Q037XwyQ0 #FINOS #RegTech #FinancialServices #FinTech #OpenSource #CloudNative #GenerativeAI

☁️ The future of cloud security standards in financial services starts here - FINOS Common Cloud Controls! Collaboration is the key to building a unified standard for cybersecurity, resiliency, and compliance controls for common services. 🎥 Watch to learn how the FINOS Common Cloud Controls Project is making this vision a reality ➡️ Get Involved: https://hubs.ly/Q035pgJD0 ➡️ Check out the Github: https://hubs.ly/Q035plTw0 #cloud #FINOS #securitystandard #opensource #fintech #financialservices #regtech

The Future of the market brought to you by ICMA - International Capital Market Association, Trading Apps, Fragmos Chain and FT Advisory LLC! 💻 Tom Healey of ICMA - International Capital Market Association started the latter sessions of the day explaining how the CDM is and will continue to be crucial for recording trades in a DLT environment. 💻 Matthew Phillips of Trading Apps highlighted the value of ISLA's CDM Working Groups in understanding the CDM as a common language for the industry. Recognising an initial gap in communication functionality, TradingApps developed TA.Link, which they recently launched live within the CDM, showcasing their contribution to enhancing the model's capabilities. 💻 Daniel Ivanier demonstrated how Fragmos Chain uses blockchain and the CDM to automate derivatives transactions, streamlining interactions between financial institutions in the derivatives market to provide standardised contract representation for efficient processing. 💻 Daniel Schwartz of FT Advisory LLC highlighted how collaborative efforts have distilled domain-specific complexities into easily communicable states and then demonstrated CDMFlow, a prototype network developed with CLOUDRISK Limited, utilised the CDM to streamline messaging and communication between industry participants. Adrian Dale reflected on how the presentations today have clearly shown how the CDM is evolving to resolve industry challenges, during his 2025 CDM Roadmap panel alongside Gabriel Callsen (ICMA - International Capital Market Association), Jane Gavronsky (FINOS) and @ISDA. Picking a few of the demonstrations to highlight this evolution, Adrian shared how: 💭 Digital Asset showed how the CDM can be used for atomic settlement. 💭 VERMEG for Banking & Insurance Software are implementing the CDM to solve KYC issues, and J.P. Morgan stated that there has been a clear return on their investment in the CDM. 💭 Which ties in with the keynote speech given by Andrew Douglas, where he iterated the fact that the UK and Europe are about to start their T+1 journeys, and, based upon the lessons learned from the US, to achieve this goal we need to increase settlement efficiency, promote automation and tokenisation. 💭 And as proven today, the solution for all of the above is the CDM. Olivier MIART of ISDA then brought the showcase to a close, building on Matthew Neville’s opening remarks with his closing call to action of “don’t be a passenger be a driver”. As by embracing CDM firms can save enormously in operating costs, so let’s work together to shape the future of the CDM across the securities finance industry! 👏 A final thank you to our gracious hosts at State Street, and our ongoing CDM collaborators FINOS, ISDA and ICMA - International Capital Market Association. 🤝 And now for a well-earned final break for networking! #ISLAEvents #CDMShowcase #CDM #ISDA # ICMA #FINOS #Securitiesfinance #Securitieslending #Digital

✅ Making CDM Operational. In our fourth entry in the series exploring how Tokenovate is operationalising CDM, our CTO Steve Haigh examines the technological implementation of CDM within our platform, explaining how CDM - through interoperability - can help deliver automation, transparency, and efficiency in post-trade processing. Interoperability is crucial for genuine industry transformation. When implemented thoughtfully, it can provide the foundation for new business models and more user-centric innovations. In capital markets, where technology silos have long been the norm, adopting robust, well-defined interoperability standards can reduce unnecessary complexity and redundancy, unlocking substantial productivity and growth. In a nutshell, it requires shared vision and governance, along with buy-in from stakeholders who often have competing priorities. When these elements align, however, we begin to see compelling examples of interoperability done right. ✅ The Power of CDM For technology innovations in blockchain, smart contracts, tokenisation and AI to truly deliver on their promise, the underlying data must be standardised and interoperable: ➡️ BLOCKCHAIN requires standardised trade data for reliable execution and settlement. ➡️ SMART CONTRACT automation depends on predictable, universally recognised structures to function predictably and efficiently. ➡️ TOKENISATION can only scale when assets are consistently defined across systems. ➡️ AI relies on structured, high-quality data to drive intelligent decision-making and automation. By establishing a uniform way to represent data, CDM provides a common language that the myriad of global systems and organisations within financial markets can agree upon. Markets and services can scale faster because they can plug into a ready-made technology ecosystem rather than starting from scratch. Data that were once buried in disconnected silos can emerge to reshape entire processes or business models. And the transformational benefits of these technologies can then be realised. So, CDM isn’t just a technical artefact; it’s a prime example of how thoughtful and well-timed standardisation of data leads to interoperability that can energise an entire industry, turning a meaningless buzzword into a catalyst for digital transformation. That’s why we’ve chosen to embed CDM as one of the critical building blocks in our technology stack. Link to the full blog is in the comments 👇 #CDM #interoperability #data #capitalmarkets #standardisation #AI #tokenisation #smartcontracts #blockchain

📢 Happening TODAY! Is your organisation prepared for a cloud native security incident? 💻🔒 We're live in just a few hours! Don’t miss today’s Open Source in Finance Webinar at 11 AM ET / 4 PM GMT, featuring Francesco Beltramini, Head of Technical Solutions at ControlPlane. 🛡️ What you’ll gain: - Lessons from the 2024 FINOS Tabletop Exercise (TTX) – What worked & what needs improvement - How to structure and run a TTX to improve your organisation’s security readiness - Practical strategies to improve collaboration across security, risk, and business teams ⚡ There’s still time to register – don’t miss out! 🔗 https://hubs.ly/Q037XZhj0 #Cloud #CloudSecurity #OpenSource #CloudNative #Fintech #Regtech #FinancialServices #FINOS

✨ Call for Speakers: OSFF London 2025 Are you driving open source innovation in financial services? Do you have insights on AI, security, compliance, or real-world implementations? This is your chance to take the stage sharing your expertise at the premier conference for open source in finance! 🔹 OSFF London 2025 📍 Location: QEII Centre, London 📅 Date: June 24, 2025 ⏳ CFP Deadline: March 16, 2025 – Don’t miss out! We’re looking for speakers to share their expertise on: - AI & Emerging Technologies – How AI, quantum computing, and automation are reshaping finance - Open Source Security & Supply Chain Risk – Best practices for financial institutions - Open Source Readiness & Compliance – How firms are adopting and governing open source - Case Studies in Open Source Financial Applications – Real-world implementations and lessons learned - Common Domain Model (CDM) – The role of CDM in driving standardization 🔗 Submit your proposal now: https://hubs.ly/Q0389G4j0 #OSFF2025 #OSinFinance #OSFF #FINOS #OpenSource #Finance #CallForSpeakers #AI #CyberSecurity #Compliance #CDM #Fintech

⏳ Only a few days left! Is your organisation ready for a cloud native security incident? 💻🔒 Join us this Wednesday, February 26, at 11 AM ET / 4 PM GMT for an Open Source in Finance Webinar featuring Francesco Beltramini, Head of Technical Solutions at ControlPlane. 💡 What you’ll take away from this session: - Insights from the 2024 FINOS Tabletop Exercise (TTX) – What FSIs are doing well & where improvement is needed - How to plan, structure, and execute a TTX within your organisation - Best practices for enhancing collaboration between security, risk, and business teams to maximize impact 📅 Don't wait—secure your spot now! 🔗 https://hubs.ly/Q037vZX60 #Cloud #CloudSecurity #OpenSource #CloudNative #Fintech #Regtech #FinancialServices #FINOS

21-Feb-2025 #TheBigGreenShort: "The Flywheel Effect for Physical Risk" - #physicalrisk is ubiquitous and growing. Solving this material business problem, which bridges traditional finance and sustainable finance, is all about gathering business risk intelligence at speed, scale and low cost. We are now adding the next element to the financial services Physical Risk Programme under The Linux Foundation by extending integration of the programme with the hugely successful #CDM / #CommonDomainModel and leveraging the #foundationmodel #AI capabilities of NVIDIA. See below the latest presentation exploring how to extend the Common Domain Model to enable frictionless integration of physical risk data and models into the whole financial system. Our work at FINOS and OS-Climate involves collaborating with their key members (including many of the banks, and technology specialists like NVIDIA and Red Hat) and critical market partners like ISDA, International Securities Lending Association (ISLA), ICMA - International Capital Market Association, and the leading insurance standards organisation Oasis Loss Modelling Framework Ltd. Also, our early work on OS-SFT Open-Source Sustainable Finance Taxonomy has helped to advance these ideas. The presentation covers the following: 1️⃣ Context & Objectives: CDM in the Physical Risk Ecosystem for Banks 2️⃣ Vision for CDM Extension: the Scope of Physical Asset Classes 3️⃣ The 1st Use Case: Residential Real Estate 4️⃣ CDM in Physical & Credit Risk Workflow: a modern design solution 5️⃣ Role of AI Platforms: Scaling Simulations & Computations 6️⃣ Practical Implementation: the Solution Design 7️⃣ Next Steps: Extension & Computation 8️⃣ Key Takeaways: Solving for the Entire Banking System

Real-World CDM Applications: AI, Automation & Emerging Tools 📽️ The FINOS CDM Masterclass in London brought together industry experts to showcase how CDM is modernizing financial processes with hands-on applications and real-world use cases. 🎤 Topics Covered: - Hello CDM World – Ian Sloyan (FINOS) - CDM Object Builder – Vernon Alden-Smith (ISDA) - CDM Asset Refactoring – Lyteck Lynhiavu (ISDA) - AI, LLM, and CDM Start Making Sense – Luca Borella (FINOS) & Oleg Blokhin (Provectus) See CDM in Action: Practical Use Cases & Innovations 📄 Read key takeaways & watch the on-demand recordings: https://hubs.ly/Q037Ld_K0 📺 Watch the full sessions on YouTube: https://hubs.ly/Q037LbKG0 #OpenSource #FinancialServices #FINOS #CDM #RegTech #DigitalTransformation #Fintech #AI #LLM

📆 Is your organisation ready for a cloud native security incident? 💻🔒 Join us on the 26th of February 2025 at 11 am ET / 4 pm GMT for an Open Source in Finance Webinar featuring Francesco Beltramini, Head of Technical Solutions at ControlPlane. 💡Here's what you'll gain from this session: - Takeaways from the 2024 FINOS Tabletop Exercise (TTX) – What FSIs excelled at and where to improve - Insights on planning, structuring, and executing TTXs within your organisation - How to enhance collaboration across security, risk, and business teams to maximise impact 🔗 Register Here: https://hubs.ly/Q037vYWT0 #Cloud #CloudSecurity #OpenSource #CloudNative #Fintech #Regtech #FinancialServices #FINOS