Debunking Common Fears About Open Source | Danese Cooper

Debunking Common Fears About Open Source | Danese Cooper

Author: FINOS September 3, 2021 Duration: 34:28

In this episode of the podcast Danese Cooper, Founder & Chair of InnerSource Commons, and long time open source veteran discusses Debunking Common Fears about Open Source (a great segway into our Open Source Strategy Forums upcoming in London and New York in October and November - that deal with open source in the regulated industry of financial services). 

How can a regulated-industry business get ready for Open Source? That’s really a multi-layered question because of special requirements created by those regulations. The process of developing Open Source readiness through an internal InnerSource practice has been a focus in FinTech for most of the past decade, thanks to success stories from the likes of Lloyd’s Bank. How does the fact that FinTech companies are subject to strict regulation play into undertaking such a transformation? FINOS’s James McLeod was tweeting with Danese Cooper about a podcast they’d recorded when a follower asked that seemingly simple question, and out of the resulting conversation comes this webinar! We’ll be looking at issues such as PCI-compliance, GDPR-compliance, distributed-ledger systems such as Blockchain, and new regulations surrounding Transfer Pricing and exploring strategies to mitigate risk and what lessons can be learned from innovative new companies.

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Danese's Bio:

Ms. Danese Cooper has been the Head of Open Source Software at PayPal, Inc. since February 2014. She has served as inaugural Chairperson of the Node.js Foundation from June 2015-2017. Ms. Cooper previously served as the CTO of Wikimedia Foundation, Inc., as Chief Open Source Evangelist for Sun and as Sr. Director of Open Source Strategies for Intel. She concentrates on creating healthy open source communities and has served on the Boards of the Drupal Association, the Open Source Initiative, the Open Hardware Association and has advised Mozilla and the Apache Software Foundation. She also runs a successful open source consultancy which counts Bill & Melinda Gates Foundation, SETI Foundation, Harris Corporation and Numenta as clients. She has been known to knit through meetings.

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The FINOS Open Source in Finance Podcast, presented by FINOS, delves into the practical realities of applying open source principles within the financial sector. This isn't a theoretical discussion; it's a series of conversations with industry experts who share their direct experiences implementing specific technologies. Episodes explore the tangible benefits and challenges of projects focused on areas like desktop interoperability, which streamlines how complex applications work together, and low-code platforms that accelerate development. Listeners will hear detailed analysis on using synthetic data for testing and innovation, as well as approaches to effective data modeling. The dialogue extends into organizational strategy, covering best practices for establishing successful inner source programs and fostering collaborative development cultures inside large institutions. Each episode of this podcast focuses on a concrete use case or a pressing question at the intersection of finance and open collaboration, providing actionable insights rather than abstract concepts. It's a resource for professionals who want to understand how open source is actively shaping tools, processes, and competitive advantages in financial services today.
Author: Language: English Episodes: 100

FINOS Open Source in Finance Podcast
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