Скачать или смотреть How Banks & FinTech Use Open Source

During the Linux Foundation/FINOS Open Source Strategy Forum 2020, Keith Bergelt, CEO of Open Invention Network, discusses a potential impediment to the growth of FinTech Open Source Software (OSS) – patent lawsuits. He explains how patent aggression by Patent Assertion Entities (PAEs) and operating companies could slow the progress of OSS code adoption in this sector absent unified support for patent non-aggression which mitigates risk.

Virtually everything we touch today uses Open Source whether or not we know it. While Open Source and Linux are not necessarily well branded as products, they are the engines and platforms that drive rapid cycle times and levels of innovation that would not be possible without Open Source, open innovation and collaboration. Open Source is a global and social movement that is transforming the world as we know it. A few examples that are powered by Open Source Software (OSS) specifically in the financial services industry include smartphone apps, bank ATMs, mobile payment transactions and even stock exchanges.

Implementing Open Source practices enables banks and financial service businesses to collaborate and improve all aspects of the industry, including workflows, trading, settlements, payments, risk management, compliance and reporting, to name a few.

Blockchain — a digital, public ledger that records online transactions and is the core technology for cryptocurrencies like bitcoin — is a good example. Based on Open Source Software (OSS), Blockchain ensures the integrity of cryptocurrency by encrypting, validating and permanently recording transactions. The emerging technology is gaining traction and being used by companies across the globe.

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