High Assurance Software for Financial Regulation and Business Platforms

Stephen Goldbaum, Attila Mihaly, Tosha Ellison, Earl T. Barr, Mark Marron

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations


The financial technology sector is undergoing a transformation in moving to open-source and collaborative approaches as it works to address increasing compliance and assurance needs in its software stacks. Programming languages and validation technologies are a foundational part of this change. Based on this viewpoint, a consortium of leaders from Morgan Stanley and Goldman Sachs, researchers at Microsoft Research, and University College London, with support from the Fintech Open Source Foundation (FINOS) engaged to build an open programming stack to address these challenges. The resulting stack, Morphir, centers around a converged core intermediate representation (IR), MorphirIR, that is a suitable target for existing languages in use in major investment banks and that is amenable to analysis with formal methods technologies. This paper documents the design of the MorphirIR language and the larger Morphir ecosystem with an emphasis on how they benefit from and enable formal methods for error checking and bug finding. We also report our initial experiences working in this system, our experience using formal validation in it, and identify open issues that we believe are important to the Fintech community and relevant to the research community.

Original languageEnglish
Title of host publicationVerification, Model Checking, and Abstract Interpretation - 23rd International Conference, VMCAI 2022, Proceedings
EditorsBernd Finkbeiner, Thomas Wies
Number of pages19
StatePublished - 2022
Event23rd International Conference on Verification, Model Checking, and Abstract Interpretation, VMCAI 2022 - Philadelphia, United States
Duration: Jan 16 2022Jan 18 2022

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume13182 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349


Conference23rd International Conference on Verification, Model Checking, and Abstract Interpretation, VMCAI 2022
Country/TerritoryUnited States

Bibliographical note

Publisher Copyright:
© 2022, Springer Nature Switzerland AG.


  • Fintech
  • Intermediate language
  • Software assurance

ASJC Scopus subject areas

  • Theoretical Computer Science
  • General Computer Science


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