FINOS WELCOMES FIVE NEW MEMBERS BOLSTERING FINTECH, FINANCIAL SERVICES, OPEN SOURCE AND REGTECH REPRESENTATION AT THE FOUNDATION
Recent adoption of collaborative open source strategies across financial services and fintech is a direct result of the demand to solve business problems in order to stay competitive. The Fintech Open Source Foundation (FINOS) is the catalyst for this movement and today announced that five new members have joined the foundation, which is evidence of increased adoption. Sumitomo Mitsui Banking Corporation, CloudLinux, Digital Asset and EGAR Global join as silver members and Canadian RegTech Association joins as an associate member. Each organization provides unique value in different ways from regtech leadership to cloud innovation to distributed ledger technology for the financial open source community and will ultimately further adoption of open source strategies within the industry.
