Article: How banks can leverage technology to explore the digital economy

Money, Open Governance

How banks can leverage technology to explore the digital economy

The classical banking world is in a state of radical change. Interest rates are low and revenues are dwindling. Challenger and neobanks are dominating the customer interface. Traditional players design their digital opportunities primarily from their viewpoint, focusing on their banking products, and becoming financial superstores for customers.

With open banking and open finance, financial institutions are now required to work more closely with non-banking players, often outside the world of finance. Digitization of key spheres of a customer’s lifestyle provides a plethora of opportunities for both banks and non-banks to create value services across shopping, housing, recreation, and healthcare. A winning strategy will be to surround end-customers with convenient digital services with easy access and the right pricing.

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Article: Presto users detail what’s next for open source SQL engine

Code, Open Software, Open Source

Presto users detail what’s next for open source SQL engine

The open source Presto project is gaining adoption beyond just Uber and Facebook as the need to connect and query disparate sources of data continues to be in demand. At the PrestoCon Day virtual event on March 24, Presto users and developers gathered to discuss how the technology is being used and where it is headed in the future.

Presto is a SQL query engine originally developed by Facebook and currently run as an open source project under the governance of the Presto Software Foundation, which itself is operated by the Linux Foundation.

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