The 2022 State of Open Source in Financial Services

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In its second year, the State of Open Source in Financial Services report uses empirical methods to identify various topics related to open source aspirations, consumption, contribution, and leadership, in addition to obstacles and challenges faced by the financial services industry. The report draws on survey data, industry data, and insights culminating from a series of qualitative interviews and makes year-over-year comparisons to the industry from 2021.

This report identifies the extent to which the financial services industry is increasingly active in open source. Further, the report highlights the obstacles and challenges to overcome in order to improve industry-wide collaboration and concludes with a set of actionable insights for improving the state of open source in financial services.  

These insights and more were the results of the Fintech Open Source Foundation’s (FINOS) 2022 State of Open Source in Financial Services survey, conducted in partnership with GitHub, Linux Foundation Research, Red Hat, and Scott Logic


  • Hilary Carter, Linux Foundation
  • Cara Delia, Red Hat
  • Colin Eberhardt, Scott Logic
  • Tosha Ellison, FINOS
  • Stephen Hendrick, Linux Foundation
  • Philip Holleran, GitHub
  • Foreword by Gabriele Columbro, Executive Director, FINOS

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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.