The 2023 State of Open Source in Financial Services

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Linux Foundation Research has partnered with the Fintech Open Source Foundation (FINOS) for the last three years to study the financial services industry's use, contribution, and participation in open source.

In its third year, the annual FINOS research report analyzes quantitative and qualitative data to understand industry-wide trends in open source adoption, from banking, to asset management, to hedge funds. In comparison with the 2021 and 2022 reports, this analysis illustrates directional shifts in use and contribution of open source software and acts as a resource for industry leaders to create or refine their open source strategy.


  • Hilary Carter, Linux Foundation

  • Cara Delia, Red Hat

  • Tosha Ellison, FINOS

  • Colin Eberhardt, Scott Logic

  • Stephen Hendrick, Linux Foundation

  • Philip Holleran, GitHub

  • Adrienn Lawson, Linux Foundation

  • With a foreword by Jane Gavronsky, 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.