Managing open source software risk for financial services organizations

For financial service organizations, balancing cybersecurity and technology innovation is a complex challenge.

Cybersecurity is crucial in protecting sensitive customer data, preventing fraud and financial breaches, and maintaining customer trust. At the same time, technology innovation plays a transformative role in areas such as customer service enhancement, mobile banking, and predictive analytics.

Organizations that navigate this challenge and can both move fast and innovate while also keeping critical systems secure will be best positioned to deliver better customer experiences and outcomes.

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Open source software has become the foundation for building modern, customizable, and cost-efficient solutions. Open source is used in a variety of financial services functions, from credit scoring tools to payment gateways, and trading platforms.

This substantial dependence on open source software has prompted financial services organizations to strategically prioritize the security and effective maintenance of the open source software supply chain so they can continue to innovate while minimizing risk.

Tidelift helps address this need by giving leading financial services organizations the tools and data they need to manage their open source software supply chain effectively, streamlining costs and reducing open source related security risk.

“Open source software supply chain threats are much broader than what CVEs tell us. More and more, organizations are starting to recognize the importance of minimizing the likelihood of being exposed to a vulnerability in the first place.”

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How Tidelift helps leading financial services organizations use open source with confidence

Validated open source package intelligence

Use Tidelift’s package, release, and vulnerability APIs to give your teams access to a continuously curated stream of validated data about vetted components they need to make intelligent decisions, faster.

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Open source management and policy compliance

Curate catalogs of vetted, approved open source components with validated licenses that follow secure software development practices, then continuously curate them against the set of organizationally-defined open source policies.

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