This deck is from Executive Director Gabriele Columbro's presentation during FinJS NYC 2017. Learn more about how open source and open standards are the dynamic duo that may very well save your platform strategy.

1. Open Source + Open Standards
The Dynamic Duo that may well save your Platform strategy
Gabriele Columbro (@mindthegabz)
Executive Director
Symphony Software Foundation

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• A brief history of Open Standards
• The ubiquitous rise of Open Source
• Worlds are colliding!
• The SSF as a safe space for
FinServ interoperable platforms
Agenda

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Platinum Members
Gold Members
Silver MembersNew! (*)
(*) Tier introduced in November 2016

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And vendor lock-in prevention
Platform influence
Superior trust for end user and regulators
Security by many eyeballs
Leveraging the Community innovation
potential
Velocity and innovation
Solve common industry problems faster
and provide app choice to consumers
Interoperable ecosystem
Hosted and per user / month pricing model
Cloud hosted PODs (tenants)
With customer only holding decryption key
End to end encryption
Open vs bundled play
Platform, APIs, App store
Intra and inter-firm
Compliant communication

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A Brief History of Open Standards
The “industry standard” to not reinvent the wheel

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The devil
is
in the details
v1

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Open Standards are necessary (but not sufficient)
Lack of Stickiness
if business initiated & abstract, might not solve “real life” problems for the individual
Can be fundamentally undermined by “not-so-great team players”
Can be too abstract and never implemented
Common traits of (not so) successful business-driven Open Standards
Quasi-standard implementation
Can be fundamentally undermined by “not-so-great team players”
Waterfall
Can be too abstract and never implemented

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A Brief History of Open Source
From individual driven to enterprise technology strategy cornerstone

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15. Proprietary and Confidential
The Answer is: Projects with a sustainable ecosystem.
And what’s an ecosystem: A rich developer community whose code is used to
create value which is in turn reinvested back into the project
http://events.linuxfoundation.org/sites/events/files/slides/State%20of%20the%20Union.pdf

16. @symphonyOSS #opensource #Fintech #FinDEVr

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v2

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Open Source is necessary (but not sufficient)
Limitations of a pure-play open source approach
Can be hard to keep strategic roadmap cohesion
Very much individual driven, might miss the bigger picture
Not all OSS projects are business valuable and easy to engage in
Not easy to what, how and when to invest in an OSS project
Not Enterprise friendly

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The 2 worlds are colliding!
Open Source and Open Standards virtuous cycle

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http://events.linuxfoundation.org/sites/events/files/slides/State%20of%20the%20Union.pdf

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Integrations Framework
Symphony Platform
API Clients
Bots, integrations, Apps
Desktop Containers
Minuet
SymphonyElectron
HelpDesk, RFQ
Java, Python, C#
iBridge
Contribution
in progress
ReST API
Container API
Financial
Objects
Standardization
Security
SSF Projects and Working Groups

23. Proprietary and Confidential
Any Container
(through Interop APIs)
Any Container
(through custom launcher)
Legacy App
(no Container)
OpenFin
(through custom launcher) SymphonyElectron
(through custom launcher)
Symphony <->
Container Interop
APIs
Example: Click-to-dial
Context: “contact”
Action: “dial”
Target: “gab@symphony.foundation”
A truly inter-bank Open Platform and Ecosystem

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Open Standards
+
Open Source
=
Successful Platform (and Ecosystem)

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The pattern of Enterprise Open Source engagement
Consumption
github.com/symphonyoss
dev@symphony.foundation
symphony.foundation
twitter.com/symphonyOSS
Contribution
Contribute a Project or Idea
Join an Existing Project
Submit PRs & Issues
Commitment
Become a Foundation Member
Join a Working Group

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OSS maturity stages
http://www.bearingpoint.com/ecomaXL/files/Open_Source_Drives_Innovation_In_Financial_Services.pdf

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Thank You.
For more information,
please visit http://symphony.foundation
and join our Community!
twitter.com/symphonyOSS
github.com/symphonyOSS