Open Source in Finance Forum New York 2024

ISDA staff and FINOS/ISDA members will provide updates on the expansion of DRR, built on CDM, in 2024, including success stories, planned jurisdictional builds for 2025, and strategies for developing a business case for adoption within your firm. This session highlights a key use case driving CDM adoption among financial institutions and will provide valuable insights into leveraging this innovative model for regulatory compliance.

Earlier this year FINOS launched the Open Regulatory Reporting (ORR) project to simplify Digital Regulatory Reporting (DRR) implementation by developing an open-source pilot of CDM and DRR on cloud tech that anyone can reuse. Attend this session to learn about this collaborative effort and how it enables your firm to easily set up a test environment, showcasing the benefits of open collaboration for future implementations.

The "AI Meets CDM" workshop is crafted for professionals involved in FINOS projects like CDM and the Open RegTech SIG, as well as AI engineers and researchers exploring the application of "LLM paradigms" to financial pre-competitive use cases. Participants will gain insights from industry experts and academics who will share lessons learned and challenges faced when implementing retrieval-augmented generation techniques on the CDM documentation itself. The workshop will cover fine-tuning strategies, best practices for integrating feedback from subject matter experts, and generating synthetic trade data from standardized derivative contracts. Attendees will have the opportunity to engage directly with live chatbot demonstrations, asking questions, evaluating responses, and experiencing an innovative approach to interactive learning.