Regulatory reporting has been a persistent challenge for financial institutions but impending compliance deadlines in 2022 are creating a new impetus for change.
They say a week is a long time in politics, well twelve months is certainly a long time in the life of the Common Domain Model.
As we enter 2022 it is a good time to reflect on how the Common Domain Model has developed over the last 12 months and the opportunities ahead in what will be a busy year for its development.
The Fintech Open Source Foundation (“FINOS”), together with platinum member Goldman Sachs (NYSE: GS), today announced the launch of Legend, Goldman’s flagship data management and data governance platform. Developed internally and used by both engineers and non-engineers alike across all divisions of the bank, the source code for five of the platforms’ modules have today been made available as open source within FINOS.