FinTalk by VERMEG - The Open Source Future of Financial Services with FINOS CTO, Jane Gavronsky & VERMEG’s Head of Regulatory Product, Malcolm Arnold #11

The Open Source Future of Financial Services with FINOS CTO, Jane Gavronsky & VERMEG’s Head of Regulatory Product, Malcolm Arnold #11

11/15/22 • 22 min

When regulatory reporting is a burden and cost shared by all, it’s an area ripe for collaboration, and one growing movement to make that happen is that of open source software.

Instigating that evolution is FINOS, and their CTO Jane Gavronsky joins us on FinTalk to discuss the virtues and value in both open source principles and the culture surrounding it.

We also hear from our own Global Head of Regulatory Product, Malcolm Arnold, about the potential future implications and who needs to drive the buy-in to open source projects.

This episode of The VERMEG podcast covers:

The basics of what open source is
How culture plays a role in the success of open source
Ways in which open source software can help with governance, controls, and data lineage
Who needs to drive the movement for open source

When regulatory reporting is a burden and cost shared by all, it’s an area ripe for collaboration, and one growing movement to make that happen is that of open source software.

Instigating that evolution is FINOS, and their CTO Jane Gavronsky joins us on FinTalk to discuss the virtues and value in both open source principles and the culture surrounding it.

We also hear from our own Global Head of Regulatory Product, Malcolm Arnold, about the potential future implications and who needs to drive the buy-in to open source projects.

This episode of The VERMEG podcast covers:

The basics of what open source is
How culture plays a role in the success of open source
Ways in which open source software can help with governance, controls, and data lineage
Who needs to drive the movement for open source

Previous Episode

Horizon Scanning: Anticipating and Reacting to a New Governmental Direction with Gavin Stewart & Hanbury Hampden-Turner #10

A new calendar year is nearly upon us, and with a new Prime Minister comes governmental change that could easily affect the trends and patterns emerging in UK regulation.

Joining us on FinTalk to clear the fog on the horizon and look at what the industry may have in store, we hear from Gavin Stewart - Director at Grant Thornton LLP - and a returning guest, VERMEG’s Hanbury Hampden-Turner.

We hear how Big Bang 2.0 indicates a sharp change in direction, why shifts may be slower than expected, the overarching themes surrounding market risk, and much more.

This episode of The VERMEG podcast covers:

The biggest changes we’re likely to see with the new governmental direction
Patterns forming with ESG-based policy and legislation
Overarching themes around market risk, more granular data and temporary measures becoming permanent
How firms might guide their client base through the cost of living crisis

VERMEG: https://www.linkedin.com/company/vermeg/
Jawad Akhtar: https://www.linkedin.com/in/jawad-akhtar-313562b/
Gavin Stewart: https://www.linkedin.com/in/gavinbstewart/
Grant Thornton UK LLP: https://www.linkedin.com/company/grant-thornton-uk-llp/
Hanbury Hampden-Turner: https://www.linkedin.com/in/hanbury-hampden-turner-16004514/

FutureFit Regulatory Conference: https://www.vermeg.com/event/futurefit-2022-regulatory-conference/?utm_source=linkedin&utm_campaig=post-2

Next Episode

Catalysing Efficient Reg Change Through RegTech with Niresh Rajah & Alan Blanchard #12

From recent research, 50-70% of a firm’s annual change budget is spent on regulatory change - could the growth of comprehensive RegTech solutions impact that for the better?

Peering into the future of how RegTech can be used more efficiently, we hear from Grant Thornton UK LLP’s Niresh Rajah, and welcome back a former guest on the show, Alan Blanchard.

This episode of The VERMEG podcast covers:

How to reframe RegTech as an area of value creation rather than simply cost
Using technology to ensure consistent compliance and assist horizon scanning
Reducing manual work to introduce meaningful cost savings
How the Bank of England transforming data collection changes the landscape for firms