Global Financial Institutions and Technology Leaders Collaborate Under FINOS to Launch Open Source Common Controls for AI Services24.6.2025 10:00:00 CEST | Ritzau demofirma | Press release
BMO, Citi, Microsoft, Morgan Stanley, RBC, Google Cloud, Red Hat, AWS and others join forces to set secure, standardized AI controls for financial services NEW YORK CITY, NY / ACCESS Newswire / June 24, 2025 / The Fintech Open Source Foundation (FINOS), part of the Linux Foundation, today announced the launch and cross-industry support behind its Common Controls for AI Services initiative - a collaborative effort to define standardized open source technology-neutral controls for safe and compliant AI adoption in the financial industry. Global financial institutions - including BMO, Citi, Morgan Stanley, RBC, are working with major cloud and technology providers, including Microsoft, Google Cloud and Amazon Web Services (AWS). These efforts are supported by consultants and vendors like Red Hat, Sonatype, ControlPlane, Scott Logic and Tetrate, working collaboratively to develop baseline AI controls tailored to the complex regulatory and operational requirements of the financial sector. W