Language Selection

English French German Italian Portuguese Spanish

The Open Source Balance at Banks

Filed under
OSS

While many banks still ponder the benefits of using open source technology for their coding needs, nascent BankSimple has gone full steam ahead.

The start-up bank, which is testing its product with select customers, uses open source platforms for the development of nearly all of its Web and mobile applications as well as the backend systems that will power the bank when it finally throws the on switch for the 100,000 people who have signed up for its branchless services.

"Our relatively small [development] team has been able to build an enormous amount of functionality in a short time," says Alex Payne, co-founder and chief technology officer for BankSimple, of Portland, Ore.

You don't need to be a bank of the future to work with open source.

Rest here




More in Tux Machines

GNOME News

  • Hurrah! Dash to Dock Now Supports GNOME 3.24
    The Dash to Dock GNOME Shell Extension has been updated to support GNOME 3.24, and improves its app launch keyboard shortcut feature.
  • openSUSE Tumbleweed Is the First to Offer the GNOME 3.24 Desktop Environment
    openSUSE Project's Dominique Leuenberger was proud to announce the availability of the recently released GNOME 3.24 desktop environment into the software repositories of the openSUSE Tumbleweed rolling release. According to the developer, and to our knowledge, openSUSE Tumbleweed is now the first GNU/Linux distributions to offer the GNOME 3.24 packages to their users. We know that openSUSE is a distro mostly oriented towards the KDE Plasma desktop, but support for GNOME is provided at the same level of quality.

Linux Action Show ends after 10-year run

This past Sunday, Jupiter Broadcasting announced the Linux Action Show—one of the longest-running podcasts in the Linux world, which has aired almost continuously since June 10, 2006—is coming to an end and closing down production. Over a decade. That is a seriously good run for any show—podcast, TV, radio or otherwise. When I and my co-host created the Linux Action Show (typically abbreviated as LAS) nearly 11 years ago, we had no idea it would last this long. Nor did we have any idea of how far it would grow. Read more

Red Hat News

Samsung Z4 gets WiFi Certified with Tizen 3.0 onboard, Launching soon

Today, the next Tizen smartphone, which should be the named the Samsung Z4, has received its WiFi certification (certification ID: WFA70348) – Model number SM-Z400F/DS with firmware Z400F.001 on the 2.4Ghz band. WiFi certification is usually one of the last steps before a mobile device gets released and means a launch is coming real soon as we have already seen the Z4 make its debut appearance at the FCC. For the previous model, the Samsung Z2, we saw it get WIFi certified on 7 July and then launched on 23 August, a mere 6 weeks. Read more