Tosha Ellison, Director of member success at FINOS

Financial services focussed nonprofit organization FINOS (the Fintech Open Source Foundation) has announced the addition of four new members such as Royal Bank of Canada (RBC), Wipro, WhiteSource and Axoni to its community in a bid to expand its global footprint.

“Not only do these impressive new members add to our international presence, but they each also support fundamental parts of our foundation,” said Tosha Ellison, director of member success at FINOS. “We pride ourselves on bringing together expertise from companies across financial services, the open source community, technology firms and others who support the industry. We are pleased to see our community grow across each knowledge area and welcome these forward-thinking partners.”

The Fintech Open Source Foundation is an independent membership organization that aims to accelerate collaboration and innovation in financial services through the adoption of open source software and practices. It is based in California.

RBC’s Managing Director, Kim Prado, will be joining FINOS Board of directors. “We are pleased to join the FINOS community, a natural strategic partner for our increasingly open-first strategy,” said Kim Prado, RBC Managing Director, “FINOS has been a fierce advocate for open source adoption and collaboration and we look forward to working even more closely with the foundation to accelerate this great work by increasing our participation in FINOS programs and initiatives.”

The addition of Wipro will see the provision for essential advisory, large scale transformation expertise, scaled blockchain, open source solutions, and experience to multiple FINOS programs including Financial Delivery Accelerator (FDX), Decentralized Ecosystem Growth (DEG) program and Open Source Readiness (OSR) programs. Meanwhile, WhiteSource’s open source security and management solution has been deployed within the FINOS Open Developer Platform (ODP). Axoni will contribute to the DEG program to collaborate on open source software to help the financial industry build blockchain and decentralized solutions at scale.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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