The State of Open Source in Financial Services Report

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The increased prevalence, importance, and value of open source is well understood and widely reported by many industry surveys and studies. However, the rate at which different industries acknowledge this shift and adapt their own business and technology practices to capitalize on open source opportunities differs considerably.

The financial services industry has been a long-time consumer of open source software. At the same time, open source software and standards development have not been activities at the core of financial services industry business models and technology strategies. Consequently, the levels of contribution to – and publishing of – open source, in software development, or in terms of allocating staff resources, are still in their infancy. 

This report identifies the extent to which the financial services industry is active in open source, creating a baseline of understanding of governance, leadership, consumption, contribution, culture, and overall open source aspiration. Further, the report highlights the obstacles and challenges to improving industry-wide collaboration and concludes with a set of actionable insights for improving the state of open source in financial services.  


  • Tosha Ellison, FINOS
  • Hilary Carter, Linux Foundation Research
  • Stephen Hendrick, Linux Foundation Research
  • Jason Perlow, Linux Foundation Research
  • Colin Eberhardt, Scott Logic
  • Daniel Drozdzewski, Scott Logic
  • Andrew Aitken, Wipro
  • Gilles Gravier, Wipro

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More About LF Research

Open source communities are at the heart of an explosion of technical innovation, where industry leaders, engineers, and end users are collectively creating and improving the digital infrastructure on which the global economy depends.

With an extensive community of members, connections with thousands of companies, and hundreds of thousands of open source contributors, professionals, solution providers, and users, the Linux Foundation is in a unique position to investigate the growing scale of open source collaboration, and provide insights into emerging technology trends, best practices, and global impact of open source projects.

By leveraging project databases and networks, and through a commitment to best practices in quantitative and qualitative methodologies, Linux Foundation Research is designed to be the go-to repository for open source insights for the benefit of organizations and governments the world over.