Open Source in Financial Services

Infographic: Open Source in Financial Services 87% of respondents GitHub repositories Fun and commits agree that with enjoyment open source from financial are still top is valuable to services reasons the future institutions of the respondents financial services are up 43% engage with open industry. over last year. source software. “Consuming open source software” Open source 56% agree that their and “using open source standards” consumption is organizations are were the top factors more value increasing encouraged in 48% getting of organizations productivity, , from open source with “inner source” almost double the number compared to 2021. from 2021. close behind. The ability for The number of financial Organizations with OSPOs financial services services organizations are just over twice as likely employees to prohibiting open to openly contribute to contribution encourage open source is down 70% consumption is up 75% (6% in 2022 from than those without. OSPO (20% in 20% in 2021). 2021 vs. 35% in 2022). 48% of respondents Organizations with >10,000 Organizations with OSPOs are employees have a greater three times strongly agreed that almost improving security breadth of open source more likely to is a top reason consumption, with openly encourage use in AI, ML, contribution their organization should data and analytics contribute to open source. than those without. OSPO This is up from 28% in 2021. coming out on top. Copyright © 2022 The Linux Foundation | December 2022. This report is licensed under the Creative Commons Attribution-NoDerivatives 4.0 International Public License