PEERNOVA | SAN JOSE, Calif. — PeerNova today announced that it has joined the Fintech Open Source Foundation (FINOS) to help foster the adoption of open source, open standards, and collaborative software development practices in financial services.

“We are excited to join FINOS and collaborate with fellow members of the community,” said Gangesh Ganesan, PeerNova Founder and CEO. “Through our membership, we aim to support the standardization of financial assets and help onboard clients and asset classes faster into the ClearConsensus™ solution.”

As a regulatory compliant platform, the foundation enables developers from diverse financial industry participants to collaborate on projects with a strong propensity for standardization and mutualization of technology. FINOS has enabled codebase contributions from both the buy- and sell-side firms and counts over 40 major financial institutions, fintechs, and technology consultancies as part of its membership.

The ClearConsensus platform helps financial institutions improve both their business resilience and regulatory response through a high-fidelity consensus network. The solution enables market participants to optimize capital, reduce total cost of ownership, and easily integrate with current technologies. By joining FINOS, PeerNova will continue to provide solutions that help financial firms reduce their risk and streamline their Independent Price Valuation (IPV) processes.