Bankloch

Historically   banks have been hesitant to adopt open source software   (i.e. software where source code is shared and made freely available). With traditional vendors like IBM, TIBCO, Oracle…​ strongly positioned in this industry, the move to open source has been slow. In recent years, forced by a rapidly changing business, banks are transforming their IT organizations considerably, adopting new technologies and methodologies like Cloud, microservices, Open APIs, DevOps, Agile and also Open Source (often these different adoptions enforce each other). The Open Source movement has already   reached a certain level of maturity . While 5-10 years ago, Open Source was still considered something of computer-nerds, idealists and small start-ups, today it has become mainstream. The recent acquisitions of open-source companies by large established corporate tech-vendors is the best proof of this evolution: SalesForce bought MuleSoft for $6.5 billion in March 2018 ...

A bit more than 3 months ago, I submitted the blog "PSD2 - 10 questions I would like to see a clear answer on" ( https://www.linkedin.com/pulse/psd2-10-questions-i-would-like-see-clear-answer-joris-lochy/ ), raising 10 questions around PSD2, on which I was searching an answer on. Via different channels, I got requests of many people, that they would love to get also the answers on those questions. With the excellent support of Ralf Ohlhausen (Executive Advisor at PPRO and Tink) and the input of some other people, I have tried to compile an answer on these 10 questions. Unfortunately, people looking for a clear, undisputable answer, will be disappointed. As with most complex topics in the financial industry, the answer to almost each question is "it depends…​". It depends on whether you look at the strict interpretation of the European directive (normally only 1 answer possible), the local interpretation of the national regulatory authorities (so 28 possibl...

Worldwide, the   evolutions in technology are accelerating exponentially . Almost every day, new technologies are discovered, and new products are released. This trend will accelerate even more, as: People all over the world are becoming   more educated , allowing more people to participate in the advancement of science and technology Companies   realize more and more that the only way to   compete is to innovate . This means that budgets spent on research and innovation increase year over year. The   development of countries like India and China   (each with more than 1 billion inhabitants), provide an almost unlimited pool of qualified resources Several   tools support the advancement in R&D , e.g. The internet   allowing easier sharing of ideas, easier communication, reducing travel time…​ Open-source initiatives : started in the software industry, this new way of collaborating is gradually extended to other domai...