Is the future for FinServ Open Source?

Is the future for FinServ Open Source?

02.12.2019 12:18 pm

In order to fully embrace using technology to deliver financial services, a move towards Open Source projects has often become the catalyst for digital transformation. However, despite many firms claiming to be 'the Uber of the industry' (whose technology was built on Open Source) there are many barriers and challenges to its use in financial services. 

FinTECHTalents, along with their partner, GitHub, have gathered a snapshot of viewpoints from senior leaders in the industry to look at whether Open Source is the Future for Financial Services.

They asked senior leaders a series of questions, including: 

  • Open Source is a well-established and proven model, the benefits of which the financial services community hasn't yet fully realised. Why do you think that is?
  • How important is it to have an in-house 'Open Source' Evangelist within an organisation? What benefits do they bring?
  • What type of project works well in an Open Source environment?

Find out how NatWest MarketsHSBCOCBC BankSantander UKFinastraFINOS and GitHub answered these questions by downloading the Vox Pop report here.

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