Article: How can banks respond to the open banking revolution?

Money, Open Governance

How can banks respond to the open banking revolution?

Open banking possibilities are endless, yet many banks are still stuck in the dark ages. It’s time for banks to move with the times. The success of open banking has been widely documented, with more than two million people and small businesses currently using it in the UK.

These services give third-party financial service providers open access to financial data from banks and other financial institutions through Application Programming Interface (API) driven ecosystems. Open banking’s popularity is no surprise considering the benefits it offers customers.

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Article: The Six Risks To Assess Before You Choose That Open-Source Technology

Open Source

The Six Risks To Assess Before You Choose That Open-Source Technology

Years ago, there was a significant amount of hesitancy around implementing open-source technologies in large companies, especially in high-risk verticals like financial services. These days, there’s not so much. Arguably, open source is so pervasive now that no organization can, or should, avoid it.

Much of the hesitation was based on a lack of understanding. Today, we understand much more about the way that the open-source development process can be used to produce valuable and powerful software. Just as importantly, our shared understanding of how to think about risk management when consuming open-source software has become much more sophisticated.

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