Video by FINOS via YouTube
Hitesh Kamdar (Head of Capital Markets Architecture at RBC Capital Markets) discusses why open source is now a strategic differentiator for global banks. He announces the contribution of FiveSpot, RBC’s homegrown HPC orchestrator, and explores the role of automated architecture (CALM) and AI governance in modern financial engineering.
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🕒 Timestamps:
0:00 Welcome to OSFF Toronto
0:35 Open Source as a Strategic Differentiator
1:35 RBC’s Expanding Open Source Footprint
1:55 CALM: Automating the Architecture Lifecycle
2:45 CDM: Standardizing Financial Data Transmission
3:30 Tools for UI and Contribution: FDC3 & Get Proxy
3:55 AI Governance: Ensuring Safety and Soundness
4:15 Announcing FiveSpot: RBC’s Homegrown HPC Project
5:45 The Mission: From "Future" to "Present"
6:45 The 2030 Vision: GenAI and Regulation
7:45 Call to Action: Adopt and Contribute
📊 The Problem: The "Side Project" Perception Historically, open source in banking was often viewed as a peripheral cost-saving measure. This led to a "governance gap" where complex requirements—particularly in high-performance compute and risk calculations—were handled by fragmented, proprietary stacks that lacked the scalability required for modern capital markets.
🏗️ The Solution: Architecture-as-Code & Project FiveSpot
Hitesh outlines RBC’s evolution from a consumer of open source to a primary contributor of foundational infrastructure:
* Project FiveSpot: RBC’s first homegrown contribution to FINOS—an orchestrator for High-Performance Compute (HPC) that manages workloads across cloud and on-prem with deterministic performance.
* Architecture Transformation (CALM): Leveraging the CALM project to ensure that technical standards and architecture are as automated as code generation within the SDLC.
* Standardizing Data (CDM): Utilizing the Common Domain Model to ensure trades are transmitted internally and to regulators in a consistent, unified way.
The takeaway: Finance is no longer "going" open; it is open. Hitesh Kamdar proves that contributing back projects like FiveSpot is the key to achieving real business outcomes and financial resilience.
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