Article: Digital Twin Consortium pursues open source collaboration

Innovation, Open Space

Digital Twin Consortium pursues open source collaboration

Digital twins promise to bring digital transformation across various industries by harmonizing data flows between applications and users. However, this interest has also driven growth in various trade groups, standards bodies, and consortiums to ensure interoperability. The concern is that the rise of so many standards could slow down meaningful adoption.

Such concerns form the backdrop to the Digital Twin Consortium (DTC) announcement last month of a significant open source effort to facilitate digital twin collaboration across different groups on open source projects, open source code, and open source collateral to address this Tower of Babel

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Article: European Fintech Tink Announces Open Bank Tech Collaboration With Tribe

Money, Open Governance

European Fintech Tink Announces Open Bank Tech Collaboration With Tribe

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced earlier this week it has formed a new partnership with payments technology provider Tribe. According to Tink, the partnership will enable Tribe to combine its issuer and acquirer services, with payment initiation services (PIS), and account information services (AIS), all powered by Tink.

“Through Tribe’s technology platform, its UK customers now have seamless access to traditional payment methods alongside open banking payments – with AIS services to follow. Through its issuer and acquirer processing platform, ISAAC, Tribe uses the latest technology to enable banks, fintechs and acquirers to choose the payments modules that suit them.”

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