About Financial Objects
FINOS Financial Objects is a community-led initiative that defines and maintains object structures for a wide range for financial interactions - everything from basic context linking of applications using different datasets to complex transactional workflows.
The Financial Objects Program, launched in July 2018, was formed to drive adoption of new and existing Financial Object Standards across the Financial Services Industry, through a FINOS Program that brings together creators of Financial Objects with users of Financial Objects. Standardization of Financial Objects is valuable to the Financial Services industry because it will lower integration and transaction costs, simplify processing across organizational boundaries, enable the mutualization of commodity software for handling these objects, and improve the discoverability of data and overall interpretability and readiness for data analysis tools.
The Financial Objects project was led by Johan Sandersson (Factset) and Hammad Akbar (Citi) until July 2020, when they expressed their intention to step down as project leads. See this GitHub issue Choose new project leads for FO for context.
Between July 2020 and February 2021, the FINOS Community engaged with a Request for Comment on the Future of the Financial Objects project, and in February 2021, Ffion Acland from Goldman Sachs stepped forward to lead the Financial Objects project. Following a ten day period during which this proposal received support and no objections from the FINOS Community, Ffion Acland became the project lead on February 19th 2021.
The FINOS Financial Objects project currently has two work streams: Commodities Payout and Product Control Common Template.
If you're interested in contributing to Financial Objects data models on the FINOS hosted instance of Legend Studio, please submit your interest at finos.org/legend and you will be granted "read-only" access to view models.
Editing and creating models in the FINOS hosted instance of Legend Studio is considered an open source contribution, and contributions to FINOS open source projects must be covered by a Contributor License Agreement (CLA). If you would like to get access to edit and create models (i.e. "write" access) on the FINOS hosted instance of Legend Studio, your employer will need to sign a Contributor License Agreement (CLA) with the Foundation. Please see the Contribution Compliance Requirements and email firstname.lastname@example.org with questions.
For more info, checkout the project README.