FINOS Open RegTech
FINOS Open RegTech is the Fintech Open Source Foundation's umbrella initiative to replace custom-built regulatory compliance systems with open-source, mutualized infrastructure. It is coordinated by the Regulation Innovation Special Interest Group and includes the Common Domain Model (CDM), Morphir, Digital Regulatory Reporting (DRR), and the AI Governance Framework (AIGF).
The pattern is precise: take a regulatory requirement, express it as enforceable logic, run it continuously against operational data, and produce evidence as a byproduct of normal operations.
The Component Projects
Open RegTech is an architecture pattern, not a single product. The components work together:
- Common Domain Model (CDM) — shared, machine-readable representation of trades and lifecycle events
- Morphir — expressing regulatory rules as executable code rather than PDF interpretations
- Digital Regulatory Reporting (DRR) — production layer that takes CDM-structured data, applies rules, produces regulator-grade reports
- AI Governance Framework (AIGF) — the AI governance equivalent with 25 risk categories mapped to global frameworks
Institutional Adoption
FINOS Open RegTech is backed by the largest banks in the world. JP Morgan, RBC, LSEG, Natixis CIB, and Japan's central counterparty JSCC are running the trade-reporting stack in production. Three of Canada's six Domestic Systemically Important Banks — RBC, TD (Platinum member as of April 13, 2026), and BMO — are active in the FINOS ecosystem.
RBC co-chairs the Open RegTech Special Interest Group. TD's Rajesh Raman joined the FINOS Governing Board in April 2026, citing Fluxnova and AI governance as primary drivers.
Why It Matters for AI Governance
The AIGF brings the same architectural pattern — requirement → rule → runtime enforcement → evidence — to AI governance. Institutions that built the trade-reporting stack are now applying the same pattern to AI. That is the convergence iTmethods calls the Bridge: one evidence architecture across both regulatory domains.