Open Source in Finance Forum New York 2024

Join the Open Source Governance Team at JPMorgan Chase (JPMC) for a panel discussion about how we do open source at the world's largest bank. The panel will discuss a wide range of topics including best contribution practices for banks, what we've found works for keeping contributions compliant, best consumption practices and risks associated with consumption, as well as improving the developer experience while navigating the tightly regulated world of software development in finance. Join our discussion of the A to Zs of all it takes to consume and contribute to open source at the nation's largest bank, and world' largest bank by market cap.

Open-source software has transformed technology, but many projects struggle with sustainability and user satisfaction due to the absence of structured product management. Despite their technical excellence, projects often fail to achieve broad adoption because they do not adequately understand or address users' needs. Product managers can fill this gap by developing user personas, creating journey maps, improving onboarding, evangelizing the project, and managing development processes. This talk highlights how product management can play an critical role in open source, by addressing issues like resource constraints, adoption, governance, and volunteer reliance with strong product management principles. Attendees walk out with a good understanding of how product professionals fill a crucial gap in open source through real life examples and actionable strategies of integrating product management into open source, which will help in fostering community engagement, ensuring sustainability, and driving project success. Embracing product practice can unlock an untapped stream of contributors of product professionals resulting in thriving, user + goal focused open source projects.

Banking and finance companies are realizing they need to integrate the same success formulas as large tech enterprises to further their Open Source journey & remain competitive. With increasing regulatory pressures, demanding customer expectations, evolving technologies & an agile economy, decision-makers are exploring new, forward-thinking ways for continued growth in today’s technological landscape. These strategic technology decisions must be made together with IP management strategy. This presentation will share how companies that have made this tech-focused cultural shift in parallel with making shifts to their IP strategy.

For many years, the landscape of open source licensing seemed stable and predictable. However, the advent of large language models (LLMs) has introduced new licenses and raised numerous questions about the application of existing open source licenses. At Fidelity, our Open Source Program Office (OSPO) and legal team have evolved our processes to navigate these changes and better understand what they require of us. This session will provide a practical case study and an accessible discussion on how OSPOs and legal teams can collaborate effectively in this evolving landscape.

InnerSource is a common topic in many organizations, often discussed in the context of enhancing team collaboration and resource utilization. While numerous teams have embraced this model from a product perspective, we recognized an opportunity to focus on a different set of assets aimed at component reuse. Our approach at Discover goes beyond the traditional product approach. We noticed a gap where valuable reusable components are created, yet they fall outside the scope of any single product team. To address this, we have implemented an internal open-source model, encouraging a community-driven development framework. 
 
Discover has pioneered a Foundation model, inspired by open-source principles, designed to foster collaboration, incubate innovation, and govern the development of reusable components built and shared across organizational boundaries. This model includes our internal requirements for maintaining products and libraries, standardizing delivery through pipelines, and community-driven governance structure that ensure the sustainability and scalability of these assets across the organization.  
 
Our strategy focuses on building a culture that supports InnerSource development within the company, encouraging collaboration beyond individual product teams. By leveraging open-source principles, we aim to create elasticity in resource capacity and cultivate a thriving ecosystem of reusable components that benefit the entire company.

The Common Architecture Language Model (CALM) offers a novel solution, embodying the principles of Architecture as Code (AasC)