RCS - FINOS - FINOS Welcomes Microsoft to Join Governing Board

MicrosoftAnnouncement

04/06/2025 15:00

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RNS Number : 2765L  FINOS  04 June 2025

FINOS Welcomes Microsoft as First Cloud Provider to Join Governing Board,
Deepening Cross-Industry Open Source Collaboration in Financial Services

Together with GitHub, Microsoft elevates its membership to Platinum to
accelerate critical initiatives to foster compliant open source, cloud and AI
adoption in financial services.

NEW YORK CITY, NY / ACCESS Newswire (https://www.accessnewswire.com/)  /
June 4, 2025 / The Fintech Open Source Foundation (FINOS)
(https://pr.report/b20z) , part of the Linux Foundation, today announced
that Microsoft is now a Platinum Member, expanding its leadership role within
the FINOS community. This enhanced commitment builds on the longstanding
participation of GitHub, one of FINOS' founding members and a supporter of the
financial services open source community.

With this expanded engagement, Microsoft is the first cloud service provider
joining the FINOS Governing Board, represented by Allison Nachtigal, Vice
President, Azure Chief Product Officer, Customer & Field Experience.
Together, Microsoft and GitHub will work to strengthen FINOS' mission to
enable secure, standardized, and scalable open source innovation across the
global financial sector.

"Cloud service providers are a critical partner to the financial industry
digital transformation journey, even more in the era of Generative AI", said
Madeleine Dassule, FINOS Chair and Executive Advisor. "As FINOS standards like
FDC3, CDM and CCC become pervasive in financial services, their adoption and
support across big tech are a win-win for every industry constituency"

GitHub's continued participation reflects its deep roots in supporting the
financial services industry's growing open source maturity. Now, with
Microsoft's elevated commitment, both organizations will help advance the
collaborative development of open frameworks and foster deeper partnerships
between technology providers and financial institutions to better address the
complex regulatory and operational needs of modern finance.

"Cloud runs on open source, and open source will be indispensable to how AI
will be developed and deployed in regulated industries like financial
services," said Allison Nachtigal, Vice President, Azure Chief Product
Officer, Customer & Field Experience, Microsoft. "We look forward to
working with FINOS and its members to help accelerate secure, open
collaboration on AI and cloud standards that support both innovation and
compliance."

"Open source has become mission-critical in financial services, with GitHub at
the center of how firms build, manage, and secure the software they depend on
every day," said Philip Holleran, Field CTO, Americas, at GitHub. "We have
supported FINOS' mission since its inception, and we're excited to continue
contributing to this organization as open source is now a first-class citizen
in the industry."

Through their active participation, Microsoft and GitHub will contribute to
key FINOS initiatives, including the AI Governance Framework (AIGF)
(https://pr.report/b210)  and Common Cloud Controls (CCC)
(https://pr.report/b211) .

About FINOS

FINOS (The Fintech Open Source Foundation) is a nonprofit whose mission is to
foster the adoption of open source software, standards, and collaborative
development practices in financial services. As part of the Linux Foundation,
FINOS provides a regulatory-compliant platform for developers from competing
organizations to collaborate on innovative projects that transform business
operations. With over 100 members spanning major financial institutions,
fintechs, and technology consultancies, FINOS is at the forefront of driving
open source innovation in finance. Get involved (https://pr.report/b212)
 and join FINOS (https://pr.report/b213)  as a Member. To stay up to date
on FINOS news, events, podcasts, blogs, and more, sign up here
(https://pr.report/b214) .

Learn more at www.finos.org (https://pr.report/b215) .

Media Contact:

Patrick Doherty

patrick.doherty@finos.org

+1 (206) 245-8574

SOURCE: FINOS / The Linux Foundation

 

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