A new report reveals that open source software is driving innovation in finance, with strong endorsements from industry professionals. The 2025 State of Open Source in Financial Services highlights key benefits and emerging trends. AI and cloud technologies are leading this transformation.
The Linux Foundation announced the release of the '2025 State of Open Source in Financial Services' report on October 22, 2025. Produced in collaboration with LF Research, the FINOS Foundation, GitHub, and Scott Logic, the report underscores the growing impact of open source software (OSS) in the financial sector.
According to the findings, 93% of respondents state that OSS improves quality, while 87% recognize its business value. The report emphasizes that 'Open source is driving the next wave of innovation in finance,' with AI and cloud technologies at the forefront.
This collaborative effort aims to provide insights into how open source practices are enhancing efficiency and innovation in financial services. The full report is available for download via the provided link.
Key statistics from the report:
- 93% say OSS improves quality
- 87% see business value
Hashtags associated with the announcement include #OpenSource, #FinancialServices, #FINOS, #LFResearch, #AI, #OSS, and #OpenFinance.