21/12/2022
Until very recently, financial services were notoriously hard and expensive to build. Incumbents and startups alike grappled with extensive regulation, inflexible core systems, complex payment architectures, compliance hurdles, fraud, and more. With the open source movement in fintech, banking has moved from something only traditional banks could offer to something that any company can do. In other words, any company can offer financial services
Financial organizations and even non-financial enterprises are leveraging open source banking software to transform how they worked. Many of these changes can be attributed to growing their organizations, optimizing their profits, enhancing their customer experiences, and creating value for society. Enterprises are increasingly relying on vast open-source communities to build and maintain their products and platforms. It is estimated that 99% of Fortune 500 companies currently use OSS
http://www.humainpodcast.com/finos-apple