Article: Corporates begin to embrace open banking

Money, Open Governance

Corporates begin to embrace open banking

When regulators developed the principles of open banking and the revised Payment Services Directive (PSD2), their primary intention was to encourage innovation and drive greater competition, so that consumers and small businesses could access a wider range of financial services.

However, open-banking application developers have not ignored the corporate sector. Various companies have introduced solutions in areas such as treasury management, managed IT services, and digital receipts and invoicing.

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Article: How far has open banking come in Europe?

Money, Open Governance

How far has open banking come in Europe?

Fintechs can then use that customer’s transaction data for the purposes of budgeting advice, loan approval and various other financial and investment services. 

It is also possible to initiate online payments through open banking, without the customer having to log into their bank account or use a credit/debit card. Although that may sound like a security risk, open banking is implemented in such a way that it is safer than some other forms of banking, with secure authentication for every transaction and no customer payment details retained by merchants. 

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Article: Open Source is Broken

Open Source

Open Source is Broken

The Open Source movement, as championed by the OSI, prizes absolute openness above all other concerns. Openness, they claim, is an absolute good, from which all other virtues flow, not to be questioned or criticized. It doesn’t matter if that openness enables evil in the world, without openness we cannot have truly collaborative software development communities. So the claim goes.

I want to question this claim. Openness seems like a good thing, but I think there’s plenty of room for disagreement. I am going to argue that there is nothing absolute about openness, that openness is not an end in itself, but a tool that we can use for good or ill.

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