Recently, the Fintech Open Source Foundation (FINOS) became a Linux Foundation organization to accelerate collaboration and innovation in financial services through the adoption of open source software, standards and best practices. “Open source technology is essential to the future of the financial services industry,” said Alejandra Villagra, FINOS chairperson, Citigroup. “…as part of the Linux Foundation, we can leverage a wider network of resources and further accelerate collaboration that delivers technology solutions to common business issues and industry challenges, shaping the future technology landscape.”
So, how could such developments affect risk and insurance? What can insurers learn from other industries adopting open platforms to improve their own ability to build and leverage technology and data? Join AAIS SVP Joan Zerkovich and special guests for a discussion on why open-source development works for the finance industry and how insurance could put open-source principles to work. They will also discuss how the openIDL and its distributed ledger technology could revolutionize insurtech development.