Chainguard Collaborates with FINOS to Promote Secure Open Source in Financial Services Sector

Chainguard Partners with FINOS

On May 11, 2026, Chainguard, a leader in the open source space, made a significant announcement: its membership with the Fintech Open Source Foundation (FINOS) as a Gold Member. This partnership aims to address challenges in the financial sector while promoting secure, standardized, and scalable open source solutions. With the surge of artificial intelligence (AI) impacting software development, the need for trustworthy software has become more critical than ever.

The Role of AI in Financial Software Development

The integration of AI into financial services is rapidly transforming the landscape, powering everything from trading systems to digital banking. However, as software development accelerates with AI, it also increases the volume of code entering production, thereby amplifying vulnerabilities. Threats like the AI-driven Mythos can identify and exploit these vulnerabilities at an alarming rate, outpacing even the most proactive security measures. This reality has prompted financial institutions to prioritize the security of their software supply chains, a vital aspect for operational resilience amidst stringent regulations.

Dan Lorenc, CEO and Co-founder of Chainguard, remarked, "Open source serves as the backbone of contemporary software and AI development. As AI hastens coding processes, financial institutions must build on a foundation of code they can trust. FINOS is here to unite the community to confront such challenges and create secure environments for developers and AI agents alike. The future will be driven by AI, necessitating a default security approach in software development."

A Collaborative Approach to Industry Challenges

FINOS Executive Director Gabriele Columbro highlighted the industry-wide shift occurring as AI, open source, and cloud-native systems evolve. He stated, "In today's interconnected financial services environment, tackling security, governance, and resilience issues cannot fall to individual institutions. Chainguard's expertise in software supply chains is invaluable, and we welcome them to help shape practical projects and standards that firms can implement on a wide scale."

Chainguard's engagement with FINOS emphasizes its long-standing commitment to supporting the open source community. The company actively develops a comprehensive toolchain designed for secure software delivery while contributing upwards to fix issues in essential projects across the cloud-native ecosystem. Chainguard's team members are involved in over 100 well-known open source projects, such as Kubernetes and Tekton.

One of Chainguard's distinctive initiatives is EmeritOSS, launched last year, which promises safe and predictable maintenance for established open source projects that have reached a level of stability. Additionally, the company recently launched DriftlessAF, an open-source framework aimed at helping organizations minimize operational drift and enhance software delivery consistency in modern infrastructure.

Looking Ahead for Open Source in Finance

As Chainguard joins forces with FINOS, the objectives are clear: to leverage their strengths in software security and governance while creating an environment that encourages open source innovations. The collective efforts will focus on building foundational elements that support AI-driven development and, subsequently, the financial services domain.

Chainguard is recognized as a reliable name in open source, providing hardening and secure builds for all software that engineers and AI agents lean on. The company's clientele comprises numerous Fortune 500 companies and industry leaders that include Canva and OpenAI. Backed by prominent investors such as Sequoia Capital and Lightspeed Venture Partners, Chainguard aims to empower organizations in their efforts to build efficiently, compliant with standards, and free from risks.

To further explore Chainguard's endeavors in the open source arena, visit Chainguard's Open Source Leadership Page.

About FINOS

FINOS stands as a pivotal community for the financial services industry, aiming to develop open technologies and standards that usher in innovation while fortifying profitability and resilience. Operating under the Linux Foundation, FINOS serves as a neutral ground for collaboration, constituting over 100 member organizations, including various banks and tech firms focused on refining operational excellence through open source.

In a time when the financial industry is undergoing transformative shifts due to technological advancements, the partnership between Chainguard and FINOS is an exciting development that promises to enhance the reliability and security of open source applications across finance. The future of building software in this space hinges on a collective commitment to collaboration and security.