This Week: Finos, Northern Trust, DTCC, and more

A summary of some of the past week's financial technology news.

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Finos brings on 6 new members led by BMO            

The Fintech Open Source Foundation (Finos) has increased its membership to 55. BMO Financial Group has joined as a platinum member with Kim Prado, US CIO of BMO Capital Markets, re-joining the organization’s governing board. WhiteSource has joined as a gold member; Synechron as a silver member; and EDM Council (EDMC), International Securities Lending Association (ISLA), and the Mojaloop Foundation as associate members.

Finos will focus on

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Back to basics: Taxonomies, lineage still stifle data efforts

Voice of the CDO: While data professionals are increasingly showing their value when it comes to analytics and AI adoption, their main job is still—crucially—getting a strong data foundation in place. That starts with taxonomies and lineage.

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