#OpenBanking / Goldman Sachs data governance code goes live on Finos

The Fintech Open Source Foundation (Finos) has lunched Legend, a flagship data management and data governance platform from Goldman Sachs, following pilot implementations with a host of international banks.

Seven-years in development and used by both engineers and non-engineers alike across all divisions of Goldman Sachs, the source code for five of the platforms’ modules has now been made available for industry participants to use and build models collaboratively.

Finos has enabled codebase contributions from both buy- and sell-side firms and counts 33 major financial institutions, fintechs and technology consultancies as part of its membership.

In the past five months, organisations like Citi, Deutsche Bank and Morgan Stanley have contributed internal code to Finos, providing a foundation for collaboration and extensions contributed by Finos members.