Open Source in Finance Forum New York 2024

InnerSource is a movement that is gathering momentum all across various technical industries, including FINTECH. This panel of experts will share their accomplishments, insights, lessons learned, challenges and what the future holds from 3 different perspectives. By hearing from experts at different levels of their experience, participants will gain valuable insights and practical guidance to enhance their own InnerSource practices within their own organizations.

Like Open Source, InnerSource relies on self-motivation and personal interests even if it is happening within a company. How then do you start an InnerSource movement that people want to join of their own volition and get a flywheel spinning? This lightning talk will touch on several ways Capital One is testing and learning to apply innersourcing at scale. These include: Culture challenges and ways to think about them, Tooling as a marketplace of buyers and sellers, Marketing by leveraging the community, Process Consulting, Motivation, and Career Planning

What does it take to provide a seamless experience for governing architecture - from creating and approving architecture to measuring compliance. How does architecture-as-code help in delivering a measurable and objective approach to align architecture with target roadmaps? How to manage tactical shortcuts and time-to-market decisions? Can architecture-as-code help keep architecture evergreen and can it identify and highlight architecture drift? These and other questions are discussed with a case study of Breeze - an architecture-as-code solution built by Morgan Stanley. It provides an extensible framework to support modules for various tasks such as creating and reviewing architecture, identifying adherence to architecture patterns, capturing immutable architecture snapshots, validating releases against approved architecture, etc. It is in the works to be open sourced and captures architecture-as-code in an open-source format, using CALM (https://github.com/finos/architecture-as-code).

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.

OpenSource has proliferated in every industry, and Financial Services is no exception. While OpenTelemetry is the 2nd most popular CNCF project behind Kubernetes, there is still a fair amount of confusion and concern around its adoption. Nearly all financial services customers are leveraging OpenTelemetry in some form, and yet we still hear varying myths and concerns depending on who we speak with.  In this session, we'll discuss some of the nuanced hows and whys of OpenTelemetry, clarify myths and confusion, and provide an update on how Financial Services customers are leveraging the standard in pursuit of modern observability.

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.

Test automation has been around for a while now, but teams are still having trouble adopting it--particularly in finance and finserv applications. Historically, there are three exceedingly complex questions when testing these applications, which are made far more complex when migrating to automated tests: data generation, complex workflow coverage, and regulatory compliance. In this talk, Marcus will showcase the myriad ways Generative AI can help solve these three complexities, and will introduce several other risk factors you have to account for when adopting LLMs. Everyone is trying to reconcile where and how AI fits into the new world of software development. Come join this talk to explore both the opportunities and downsides, and how to stay above the hype-cycle.

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)

Listen to industry experts and active practitioners discussing the applicability of Quantum Computing for Financial Services along with Post Quantum Cryptography, the implications around open standardization, and where does this industry and topic leads us in the next 5 years.

Open corporate digital identity standards play a pivotal role in combating financial crime. They provide a framework for secure and reliable identification processes. These standards help to establish trust and ensure that individuals and entities are who they claim to be, which is essential for preventing fraud, money laundering, and other financial crimes. By adhering to open corporate digital identity standards, financial institutions can more effectively detect and prevent suspicious activities. For instance, consistent and reliable corporate identity verification processes help to create comprehensive audit trails, making it easier to trace transactions and identify potential illicit activities. This session will delve into how open standards support corporate identity verification and how these standards have improved effectiveness and cost efficiencies for the financial service industry. The discussion will address mechanisms for authentication, data protection, and regulatory compliance - all essential elements in the fight against financial crime.