It can be common, in today’s world, to hear a digital leader proclaim that their organisation is ‘no longer a bank’ but a ‘technology’ company with a banking licence! Their inspiration for innovating financial services is more likely to come from Silicon Valley-style industry disruptors like Netflix, Uber and Spotify. It’s time to consider what the future holds.
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. Open Source has moved beyond a loose collection of hobbyist coders and is now seen by senior management as a strategic tool to drive enterprise 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:
Find out how NatWest Markets, HSBC, OCBC Bank, Santander UK, Finastra, FINOS and GitHub answered these questions by downloading the Vox Pop report here.
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