Symphony Software Foundation Sets Out to Build a New Fintech Innovation Model - Seite 2

Igor Khmel, founder, BankEx, said, "BankEx joins the Symphony Software Foundation to be part of a global collaboration effort to establish open standards in new type of assets origination and trading, while leveraging the last generation of bank-as-a-service fintech and distributed ledger technology, bringing real assets to crypto currencies and crypto-assets to capital markets."

German Soto Sanchez, global head of corporate development, Cloud9 Technologies, said, "Cloud9 joins the Symphony Software Foundation in the spirit of fostering open communication, interoperability, and innovation in the financial services community. Our mission is to eliminate the complexity and hassle of traditional trader voice solutions while delivering services that are inherently more reliable, less expensive and of higher quality across enterprises. We believe collaborating with like-minded innovators is the key to modernizing communications."

Kevin Barresi, CTO, FinTech Studios, said, "FinTech Studios joins the Symphony Software Foundation because we believe in building an open, collaborative community of industry leaders around next-generation technologies, products, and workflows. We see the Foundation as one of the top groups leading this charge, and are excited to join ranks with other members to bring a positive change in this space."

Unlocking Open Source for Financial Services

Recent research from Black Duck's Center for Open Source Research and Innovation (COSRI)shows that between 80 percent and 90 percent of the code in today's applications is open source. While the audit confirms universal use, it also reveals the ineffectiveness in addressing risks related to open source security vulnerabilities and license compliance challenges.

"This is precisely where our Foundation provides value -- by offering a secure and IP compliant, open source developer experience and software supply chain, while maintaining the high productivity typical of modern, open source communities and workflows," said Peter Monks, VP of technology, Symphony Software Foundation. "After adding OpenShift support, we plan to continue investing in our Open Development Platform (our open source development reference-model), to provide our community with a shared, secure and compliant tool chain that can power open source collaboration."