News Topic: Open source

Banks in the U.S. should take note of these requirements before opening their systems to third-party developers. ... Read full article

Financial institutions need to be aware of the platform model, strategic and reputational hazards that come with granting access to their networks. ... Read full article

Granting a third party access to a bank's systems in exchange for more advanced technology can help prevent fraud, but it can also attract cyberattacks. ... Read full article

Still trying to figure out whether to build gateways to your bank's data and systems? Here’s why you should transition. ... Read full article

Banks like RBC and JPMorgan Chase can now more easily draw real-time FactSet data feeds into applications. ... Read full article

A new unit of the nonprofit tech-development foundation is getting banks of all sizes to work together on cutting-edge software projects that could benefit the entire industry. ... Read full article

The merger could help make open source and cloud computing more commonplace at banks. But it may have an unintended consequence as well. ... Read full article

Brian Behlendorf, the executive director of Hyperledger, explains why Hyperledger and the Enterprise Ethereum Alliance have joined each other’s organizations.  ... Read full article

A popular AI open-source platform with bank investors is being combined with IBM hardware and Nvidia processors in the hopes of creating high-speed, “driverless” AI. ... Read full article

Hyperledge, an open-source organization focused on blockchain technology, has added 16 members. ... Read full article

The data-sharing directive has gotten off to a rocky start overseas, underscoring the need for domestic banks to start educating customers about the model well before it’s adopted stateside. ... Read full article

How new developments on many fronts are going to affect the banking business in the coming year and beyond — and what they can do to prepare. ... Read full article

Banks' embrace of open-source development could eventually go beyond creating tools and apps — to something far more radical. ... Read full article

A new European Union directive guarantees that third-party providers can access bank customers’ account information. The requirement will trigger a new revolution in financial services in Europe that U.S. bankers should be tracking. ... Read full article

Key efforts for banks include developing AI applications, adding fintech allies and strengthening cyberdefenses. ... Read full article

Even though they do not face the immediate prospect of regulation requiring an open-banking policy, American banks should act as if they do. ... Read full article

It’s not about saving money. The current allure of open source development is more about attracting talented developers and creating high-quality software. ... Read full article

The creators of Dash, a bitcoin rival whose price has increased nearly 3,400% in 2017, plan to entice thousands of white hat hackers to inspect the project’s code for flaws. ... Read full article