More Fintech Players Cashing in on Open-Source Offerings
The financial industry has historically been conservative when it comes to software development, especially when it comes to picking open-source applications over proprietary code. That caution is softening as more financial companies are now embracing open source. Recent research shows that 87% of finance industry respondents believe open source is valuable to the future of the financial services industry. Open-source code is an integral part of most software — even proprietary products. Despite its lower cost to adopt, open source has posed challenges to the fintech industry over the years. Industry reports show that open-source products provide other benefits and opportunities in the financial industry. According to Michal Nosek, senior enterprise architect at open-source database software firm Percona , open source plays a crucial role in the financial industry and is gaining increasing adoption across various use cases due to its proven value over the years. “True open...