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Major Banks Back OSERA to Deliver Industry Wide Remediation Standards and Fixes to Secure Open Source Software

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Within 100 days, OSERA welcomed 6 Premier members, established an open standard for AI-scale remediation and attestation of vulnerabilities in open source software, and delivered patches for more than 50 commonly used projects in the Java ecosystem.

PRAGUE, Oct. 7, 2026 /PRNewswire/ — Open Source Summit Europe – The Fintech Open Source Foundation (FINOS), the financial services vertical of the Linux Foundation, today announced at Open Source Summit Europe that the Open Source Enterprise Resiliency Alliance (OSERA) is operational. Initial funding comes from six Premier members including Deutsche Bank, Goldman Sachs, Morgan Stanley, NatWest, and Royal Bank of Canada (RBC).

“OSERA turns open source resiliency from a fragmented internal burden into a collective operational capability.”

Financial institutions rely heavily on similar open source software stacks. When a security vulnerability is discovered in one of these widely used projects, banks can end up developing or commissioning the same fixes separately OSERA addresses these redundancies by giving financial institutions a shared, open and transparent way to identify, fix and verify vulnerabilities in the open source software they rely on. By working together, members can reduce duplicated effort while helping strengthen the software that underpins the financial services industry.

What’s available today
Following the intent-to-form announcement in June, in a matter of weeks, OSERA delivered:

An open standard for fixing and verifying vulnerabilities: Within 3 weeks of operation, OSERA released the first version of its patching and attestation standard, developed through collaboration between financial institutions, patch producers and open source infrastructure leaders. The standard sets out the requirements a fix must adhere to before it can be trusted and used at scale, helping organizations adopt fixes more consistently and with greater confidence.First wave of high value patched projects: The alliance prioritized and delivered secure package updates with standard attestations across more than 50 widely used open source projects in the Spring and Java ecosystems. These remediations addressed publicly disclosed security vulnerabilities (CVE) and are available for immediate production usage by OSERA members. Moving forward, vendor maintainers will address newly disclosed vulnerabilities on these managed lines under a severity-based software license agreement (SLA).

“An open, verifiable standard for remediation delivers trust at scale,” said Dov Katz, Managing Director and Distinguished Engineer at Morgan Stanley, and Chair of the OSERA Remediation Standards Working Group. “That v0.1 was able to be published so efficiently shows the sector’s desire to set its own high standard for what a patch must prove before anyone consumes it. This is especially critical to enable actual risk mitigation in production, as the industry at large is consuming open source from the community and from multiple patch vendors and coalitions.”

To review the supported lines and the Remediation Standards, review the OSERA Prospectus.

A sovereign option for open source supply chain resiliency in the era of AI
Because financial institutions often rely on the same open source software, addressing vulnerabilities independently creates unnecessary cost and duplication across the industry. This is compounded by research showing that 1 in 5 financial institutions have separate teams maintaining private versions of the same projects, creating a “fork tax” that increases maintenance costs and technology risk.

As cyber threats evolve, addressing known vulnerabilities quickly and consistently is increasingly important. OSERA provides an open, member-governed approach that enables financial institutions, technology providers and maintainers to coordinate vulnerability responses that strengthen the open source software the industry relies on.

New resiliency regulations such as DORA, NIS2 and the EU Cyber Resilience Act are increasing expectations for global institutions to demonstrate robust, repeatable approaches to managing software vulnerabilities across complex technology ecosystems. OSERA can work alongside existing commercial and community support models: its source code is public, its governance is member-led under the Linux Foundation, and its standards are open. Recent efforts also demonstrate that organizations can use the service without changing their existing development processes, using existing proxies and package coordinates without requiring CI changes.

“OSERA turns open source resiliency from a fragmented internal burden into a collective operational capability and we are proving it with fast delivery this year, not a roadmap,” said Gabriele Columbro, Executive Director of FINOS. “Upstream initiatives like Akrites secure the commons. OSERA is the regulated downstream: signed, standards-gated remediation delivered into production environments, on terms the industry itself sets.”

Looking ahead
The alliance has defined a target delivery schedule through the end of 2026:

Produce a minimum of 80 patches per month. Under the alliance’s SLA, vendor maintainer Moderne will deliver patches to a secured platform with quarantine gates, being built by open source security experts ControlPlane. Growing participation from HeroDevs, RapidFort, Sonatype and Scott Logic will continue to develop the standardization process and accelerate production use of supported software versions.Deliver the first end-to-end release of the OSERA platform at the Open Source in Finance Forum NY in November. This is expected to continue driving down the cost per patch, enabling increased software coverage and capacity to respond to increases in AI vulnerabilities.Develop a per-project sponsorship model that lets firms directly fund and boost projects they depend on, in addition to the common pool prioritization.Collaborate with sister initiatives like Akrites. OSERA is highly complementary to Linux Foundation initiatives like Akrites, and will promote collaboration on remediation standards, and financial services priorities to compound value and avoid duplication.

Designed for every industry constituent
OSERA offers an open-first, transparent operational model suitable for everyone. While OSERA addresses a critical need for financial institutions, it is designed to provide benefits for all constituents in the software supply chain, from commercial patch producers to software composition analysis and registry vendors.  

To get involved:

Financial institutions should join as OSERA members to consume financial services-grade hardened releases.Open source infrastructure vendors should become FINOS members to actively contribute to and ultimately adopt the remediation standards, ensuring their offerings meet the financial industry’s needs.Commercial maintainers and patch producers should also consider becoming FINOS members to participate in remediation standards and be eligible to become vendor maintainers under alliance SLAs.Everyone can rebuild fixeson GitHub as hardened project lines.

Supporting Quotes

Peter Thomas, Managing Director, Distinguished Engineer, Deutsche Bank:
“The strength of OSERA lies in its practical execution inside existing enterprise environments. In our initial pilots, we proved that banks can pull hardened, standard-compliant releases through standard corporate proxies with zero friction to existing development pipelines. Replacing duplicate internal patching efforts with a shared, high-trust pipeline is a huge win for the industry.”

Abe Batthish, Vice President, DevOps, RBC:
“So much of what we build runs on open source, and we want to help keep it safe and viable for everyone in the industry. RBC is excited to help lead the governance of OSERA’s backpatching pipelines, holding vendor maintainers to clear standards and SLAs so every fix meets the same bar no matter who produces it.”

About FINOS
FINOS (The Fintech Open Source Foundation) unites the financial services industry to build open technologies and standards that enhance profitability, improve resilience, and accelerate innovation. FINOS is the trusted community designed by regulated industry participants to solve industry-wide challenges and drive operational excellence and financial technology innovation. As part of the Linux Foundation, FINOS provides a neutral, well-governed home for open source collaboration across the industry. With a global community of more than 100 member organizations including major financial institutions, fintechs, and technology firms, FINOS advances open standards and production-grade open source for finance. This work embeds these technologies and standards into the core workflows, platforms, and policies of financial institutions, making them essential to how the industry builds, operates, and evolves. FINOS advocates for a clear focus on measurable ROI from open source adoption.

Learn more at www.finos.org.

Media Contact:
Tosha Ellison, VP Research and Communications, FINOS
tosha.ellison@finos.org 

 

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SOURCE FINOS

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Global Product Placement Spending Grew 12.7% in 2025 to $37.2B & Pacing for Faster Growth Again in 2026, Driven by TV, Film, Music & Digital Media

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Global product placement spending grew 12.7% in 2025 to $37.16 billion, accelerating from the 12.1% gain posted in 2024, fueled by double-digit growth in TV, film, music and digital media, which benefited from the end of writer and actor strikes in the US opening up production schedules and launching a cavalcade of new content, according to new PQ Media research released today.

STAMFORD, Conn., Oct. 7, 2026 /PRNewswire-PRWeb/ — Global product placement spending grew 12.7% in 2025 to $37.16 billion, accelerating from the 12.1% gain posted in 2024, fueled by double-digit growth in TV, film, music and digital media, which benefited from the end of writer and actor strikes in the US opening up production schedules and launching a cavalcade of new content, according to new PQ Media research released today. Product placement spending worldwide is on pace to grow at a faster rate of 12.8% in 2026 to $41.92 billion, marking the sixth consecutive year of double-digit growth, following the worst decline ever in pandemic-struck 2020, per PQ Media’s 11th edition Global Product Placement Forecast 2026-2030.

Paid product placements have grown substantially over the past 25 years because brands have become more willing to invest in skillful integrations of their logos and products in storylines that will expose their assets in meaningful ways.

In the US, which accounted for 56.5% of the global market for product placement in all media, total spending rose 13.2% in 2025 to $21.01 billion, faster than the 12.3% gain in 2024. Brazil, Mexico and Australia were the only other countries to generate more than $1 billion in product placement spending in 2025. The Netherlands was the fastest-growing market in 2025, rising 16.3%, while the United Kingdom was the only other top-20 market to rise by more than 15% for the year. In total,19 of the 20 top-20 global markets generated double-digit growth in 2025, with the exception of Russia.

In the 11th edition of the Global Product Placement Forecast 2026-2030, PQ Media found that the impact of the pandemic and writer/actor strikes in the United States are now in the rear window and the industry is growing annually at double-digit rates worldwide and will continue to do during the 2026-2030 forecast period.

Driving growth in 2025 was the continuing shift to streaming content, particularly television shows and movies being produced by the streaming video subscription services in each of the top-20 markets. Additionally, micro-dramas, short 5-15 minute episodic clips from an ongoing series on social media sites, have benefitted significantly from product integrations. Artificial intelligence has helped drive growth in digital media, videogame and music video product placements. Meanwhile, PQ Media found that print media are accepting more product placements to compensate for the declining ad revenues suffered over the last two decades.

But there is concern among product placement professionals that the opportunities for product integrations are slowing. Broadcast and cable TV networks are producing fewer new scripted and reality programs. Movie studios have yet to exceed the number of films produced in 2019. Videogame publishers are holding off releasing new titles until the new console upgrades in 2027 or 2028. Print magazines are folding and newspapers are shuttering print editions. Fewer music videos are being produced and there is a slowdown in new podcasting titles.

“Despite these concerns, content publishers have become more willing to include product integrations in all media to help deal with rising production costs,” said PQ Media President & CEO Patrick Quinn, “Additionally, paid product placements have grown substantially over the past 25 years because brands have become more willing to invest in skillful integrations of their logos and products in storylines that will expose their assets in meaningful ways. This trend will continue going forward. due to the popularity of this marketing tactic among the younger demographics that the brands are targeting.”

Product placement in TV remains, by far, the largest media platform category worldwide, valued at $26.16 billion in 2025. The hottest streaming TV series are driving the double-digit growth in product placement in the overall TV category, such as the brand integrations in “The Hawk” on Netflix. Meanwhile, movie integrations, the second largest platform category, generated $4.44 billion globally last year, with many of the integrations being included in top grossing films, such as “Spider-Man: Brand New Day.” which had 165 brand partnerships which was reportedly valued at over $300 million.

Product placement in music was the fastest-growing placement category in 2025, rising 13.8%, fueled by product placements in popular podcasts, particularly those in which the host references the brands and products. TV integrations ranked second in growth, followed by digital media product placements, as virtual placements (adding a brand in post-production when a theatrical film is shown on a streaming video service), and AI-embedded integrations are becoming more commonplace. The print media and videogame categories were the only channels not to post double-digital gains in 2025.

About the Report:

PQ Media’s Global Product Placement Forecast 2026-2030, the 11th edition of the industry’s recognized performance benchmark, is the only source to consistently define, size, analyze and project the growth of product placement spending in media. The new edition has expanded to cover 6 major media platforms and 19 media channels across all top 20 global markets. Below is a breakdown of the report’s expanded coverage of media platforms and channels:

Television/Video – Broadcast TV, Cable TV, Streaming TV;Filmed Entertainment – Theatrical Films, Streaming Films;Digital Media – Pure-Play Digital Sites, Social Media & Blogs, Virtual Placements & Artificial Intelligence, Influencer Sites;Videogames – Console/PC Games, Mobile Games, Internet Games;Print Media – Print & Digital Magazines, Newspapers, Books;Recorded Music – Music Videos, Broadcast & Streaming Radio, Podcasts, Lyrics

The Core PDF Report & Analysis delivers 259 slides of exclusive market data and insights, which is enhanced by the Deep-Dive Excel Databook that provides 5,625 datasets and over 250,000 datapoints by country, media platform and channel, covering the 2020-2030 period with five-year forecasts, exclusive rankings of the largest and fastest growing media platforms and global markets, and in-depth profiles of each major country. To Download a Free Executive Summary and Sample Datasets click: Global Product Placement Forecast 2026-2030.

About PQ Media:

PQ Mediadelivers strategic intelligence, data and analysis to the world’s leading media, entertainment and technology organizations through syndicated market intelligence reports, custom drill-down research services, and on-demand strategic consulting. PQ Media uses a proprietary econometric methodology to define, segment, size, analyze and project the growth of several hundred traditional, digital and alternative media by country, platform, channel and demographic. PQ Media also publishes the annual Global Media Forecast Series 2026 (13th edition), with each report covering one of the three industry KPIs – Advertising & Marketing Spending; Consumer Media Usage & Exposure; and Consumer Spending on Media Content & Technology.

Media Contact

Patrick Quinn, PQ Media, 1 203-921-5249, pquinn@pqmedia.com, https://www.pqmedia.com

Leo Kivijarv, PQ Media, 1 203-273-7081, lkivijarv@pqmedia.com, https://www.pqmedia.com

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/R E P E A T – Media Advisory – Minister Hodgson to deliver keynote at Global Risk Institute Summit/

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TORONTO, Oct. 5, 2026 /CNW/ — The Honourable Tim Hodgson, Minister of Energy and Natural Resources, will make a keynote address at the Global Risk Institute’s Summit 2026. Open to the media.

Date: Wednesday, October 7, 2026

Time: 10 a.m. ET

All accredited media are asked to register with GRI Summit 2026. Details on how to participate will be provided upon registration.

Follow Natural Resources Canada on LinkedIn.

SOURCE Natural Resources Canada

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MintNeuro raises $5 million to scale purpose-built chip platform for neural devices and brain-computer interfaces

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Funding from European and US investors will accelerate product launch,
partner adoption and international expansion

LONDON, Oct. 7, 2026 /PRNewswire/ — MintNeuro, a semiconductor company building specialised chips for neural devices from implants to wearables, today announces a $5 million investment round to drive its commercial scale-up. MintNeuro’s chips give device developers better performance than generic components, with less risk, lower cost and a faster route to market than custom chip design. The funding will accelerate product launch, expand delivery of pre-release silicon to partners and grow the company’s international presence.

The round was led by Odyssey Ventures, with participation from 33East, JSK Investments and Alumni Ventures, and returning investment from Empirical Ventures, Jumpspace Ventures and early investors. Bringing together deep tech, medtech and early-stage investors across Europe and the US, the round reflects global demand for the hardware needed to scale neurotechnology.

MintNeuro has already delivered working silicon and reached key integration milestones with research and development partners, including Motif Neurotech and Amber Therapeutics. Earlier this year, MintNeuro announced a partnership and multi-year commercial chip supply agreement with Motif, supporting the development of Motif’s minimally invasive neurostimulator initially targeting treatment-resistant depression. A growing number of neural device companies are now evaluating or integrating MintNeuro’s technology, alongside research teams building implantable systems that connect directly to the brain and nervous system.

MintNeuro will use the investment to grow its engineering and commercial teams, bring its products to market, support customers as they adopt its chips and strengthen its presence in the US alongside its UK and European base.

Neural devices are opening new ways to understand and treat conditions across neurology, mental health and beyond, from Parkinson’s disease, epilepsy and depression to hearing loss and inflammatory disease. These technologies include brain-computer interfaces (BCIs), neuromodulation systems, sensory prostheses and bioelectronic medicines. Until now, progress across the industry has been held back by the lack of standard chips designed specifically for the extreme power, size, safety and signal-quality demands of these devices.

MintNeuro is closing that gap with a modular semiconductor platform purpose-built for core functions like neural sensing, signal processing and stimulation: listening to the body’s nerve signals, interpreting them, and delivering precise electrical pulses to treat disease or restore function. Instead of adapting generic components or funding years of custom chip design, developers can build on MintNeuro’s chips to create smaller, lower-power neural devices and move from research to clinical use sooner.

MintNeuro’s modular architecture provides the building blocks to combine sensing, processing and stimulation efficiently at the system level, supporting more integrated closed-loop interfaces with the nervous system.

Commenting on the investment, Dorian Haci, Co-Founder and CEO of MintNeuro, said: “Every neural device depends on the chips inside it. Today, most device and therapy developers still have to choose between generic components that were never designed for the body and years of custom chip development. We are building the chips that end that trade-off. This funding moves us from technology validation to commercial scale-up, with more customer programmes, faster product launches and our chips in the hands of many more developers. Our ambition is clear: to make MintNeuro the semiconductor platform the global neurotechnology industry builds on.”

Michelle Robson, Founding Partner at Odyssey Ventures, said: “Neural devices such as BCIs represent one of the most exciting frontier technology opportunities today, and significant value will accrue to those solving the foundational infrastructure challenges that stand between innovation and widespread adoption. MintNeuro has the technology, market pull and ambition to become a globally important semiconductor company, and we are backing this exceptional team as it scales from the UK into global markets, including Silicon Valley.”

Yiannis Eftychiou, Co-Founder and Partner at 33East, said: “What stood out to us is the sheer breadth of the hardware opportunity. MintNeuro is solving critical needs for neural implants today, with technology that can extend into wearables and beyond.”

Johnathan Matlock, Co-Founder and General Partner at Empirical Ventures, said: “We invested before the chips were in hand, and we are reinvesting now that MintNeuro has working silicon, deep customer traction and a clear path to becoming a category-defining semiconductor business.”

Professor Tim Denison, Chair of MintNeuro, added: “Neurotechnology is entering a phase where specialised hardware will determine how far, and how fast, the field can go. MintNeuro’s semiconductor technology is well-placed to remove the key obstacle to industry scale, which could dramatically accelerate the pace of innovation.”

About MintNeuro (www.mintneuro.com)

Founded as a spinout from Imperial College London, MintNeuro is building the semiconductor foundation for the next generation of neurotechnology. The company develops specialised chips that enable devices to connect with the brain and nervous system, helping innovators create new therapies for neurological and mental health conditions.

As neurotechnology moves from research labs into clinical and commercial deployment, MintNeuro is addressing one of the sector’s most critical challenges: providing a scalable semiconductor platform designed specifically for neural devices. By removing the need for custom chip development or adapted generic components, MintNeuro aims to accelerate innovation, reduce development barriers and help bring transformative neurotechnology products to market faster.

The company works with leading developers, researchers and medical device companies, with a long-term vision to become the industry-standard semiconductor platform powering the future of brain-computer interfaces, bioelectronic medicine and other technologies that connect humans and machines.

MintNeuro’s immediate focus is medical applications, where size, power, reliability and safety are critical. The same core technology has the potential to become the chip layer for any device that connects to the brain and nervous system, providing the interface between human biology and the digital world.

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