About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FINOS Releases Version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium Standard

Subscribe to our newsletter

The Fintech Open Source Foundation (FINOS), a non-profit organisation promoting open innovation in financial services, has released version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium (FDC3) standard. Founded and contributed to by OpenFin, the initiative brings connectivity and standards to the financial industry’s desktop applications.

Gabriele Columbro, executive director of FINOS, says: “The FDC3 interoperability standard represents the first fundamental building block for an open, organically evolving ecosystem of applications on traders’ desktops. The end game is to enable optimal user experience delivered with high levels of efficiency.”

FDC3 was ratified in November 2018. Over 50 financial organisations have supported development of the standard, which has been built on active contributions from Adaptive, Citadel, FactSet, GreenKey, IHS Markit, JP Morgan, OpenFin, Refinitiv, Scott Logic, Tick42, and Wellington.

Nicholas Kolba, chief product officer at OpenFin and FDC3 programme co-founder and chair, explains: “For too long in financial services, humans have been the integration layer between their applications. Now, with the FDC3 1.0 standard ratified and released, we can enable automation and make the humans smarter, faster, and better.”

The FDC3 standard is expected to bring a new level of productivity and workflow automation to financial institutions. Its core goal is to make it possible for fintech developers to create applications, whether in-house or third party, that can interact seamlessly without the need for bilateral agreements or proprietary application programme interfaces (APIs).

To evaluate and implement the standard, visit the FINOS FDC3 site.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: From Data to Alpha: AI Strategies for Taming Unstructured Data

Unstructured data and text now accounts for the majority of information flowing through financial markets organisations, spanning research content, corporate disclosures, communications, alternative data, and internal documents. While AI has created new opportunities to extract signals, many firms are discovering that value is constrained not by models, but by the quality of the content, architecture,...

BLOG

STS Digital and Haruko Integrate to Give Institutional Options Traders Unified Risk View

STS Digital, the regulated principal trading firm specialising in digital asset derivatives, has integrated with institutional portfolio management provider Haruko to deliver consolidated risk and position reporting for options traders. The integration allows institutional clients who trade vanilla and exotic options on STS Digital’s platform to view those positions on an aggregated basis alongside activity...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

MiFID II handbook, third edition – How compliant are you?

Six months after Markets in Financial Instruments Directive II (MiFID II) went live, how compliant is your organisation? If you took a tactical approach to cross the compliance line on January 3, 2018, how are you reviewing and renewing systems to take a more strategic approach and what are the business benefits of doing so?...