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Chief Information Officer

Chief Information Officer

Chief Information Officer

The Chief Information Officer (CIO) is The CIO oversees IT governance, data management, and information security, as well as the maintenance and enhancement of existing systems to support the organization's day-to-day operations.

Objectives

  • Safeguard company security (e.g Cybersecurity)
  • Ensure visibility of the processes and efficiencies across different departments
  • Manage costs across different processes
  • Drive digital transformation

Challenges

  • Security and data protection
  • Increasing regulatory & compliance requirements
  • Data integrity and systems gaps
  • Finding the best technology solutions
  • Cost Control

Open Source Engagement

The CIO's interaction with OSS often involves evaluating its viability, security, and long-term support, as well as ensuring compliance with licensing and legal requirements.

Furthermore, the CIO plays a critical role in guiding the organization's contributions to open source projects, which not only enhances the company's reputation but also cultivates valuable relationships with the broader OSS community.

Internal Stakeholders

Calls To Action

  1. Read the Survey Report "The State of Open Source in Financial Institutions"

  2. Watch recorded presentations from the 2022 FINOS Open Source Strategy Forum

  3. Attend the FINOS Member Meetings and OSFF events

Expected Activities

Software Inventory

Software inventory is a precondition to most of the activities involved in OSMM level 2. The first step to licence compliance or supply chain security is to understand what software is in your estate.

License Compliance Management

There are several key points that a large enterprise should consider to ensure compliance with open-source license obligations:

Further Reading