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: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance. Two architectural models central to this conversation are Data Fabric and Data Mesh. This...

BLOG

Past, Present, and Future of AI and Machine Learning in Trading and Investment Management

On this episode of FinTech Focus TV recorded at A-Team Group’s Buy AND Build Summit, Toby Babb of Harrington Starr sits down with David Marcos, Founder and Managing Partner at Quantoro Technologies, to explore how AI agents are redefining trading, portfolio management, and the investor experience. From simplifying complex investment strategies to the rise of...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Reporting Handbook – First Edition

Welcome to the inaugural edition of A-Team Group’s Regulatory Reporting Handbook, a comprehensive guide to reporting obligations that must be fulfilled by financial institutions on a global basis. The handbook reviews not only the current state of play within the regulatory reporting space, but also looks ahead to identify how institutions should be preparing for...