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

[GNU IceCat] browser is (finally) on Fedora

GNU Icecat will be available on Fedora updates-testing repositories for some days. That’s right time to test harshly this new web browser (really it’s not so new considering it’s a fork of Firefox) and leave a positive/negative karma or open a bug. Read more

today's howtos

today's howtos

Leftovers: Gaming

  • Ryan Icculus Gordon On The Linux Action Show
    Ryan Icculus Gordon has just recently been on a guest on the excellent Linux Action Show to talk about Linux gaming. Ryan Icculus Gordon is the name behind a number of big ports, and you can see here just what he has done. Hint: It's a lot.
  • Empire: Total War Looks Close To A Linux Version, Pokes Fun At Linux Gamers
    We already knew that Total War: Rome II would come to Linux which sadly didn't come out when expected early this year, but now it looks like the original Empire: Total War will come to Linux too.
  • Another (Linux) game added to the Humble Jumbo Bundle 2
    - Legend of Grimrock: Old school and modern gaming combines in this thrilling dungeon crawler RPG from Almost Human Games. A group of prisoners are sentenced to certain death by exile to the secluded Mount Grimrock for vile crimes they may or may not have committed. Unbeknownst to their captors, the mountain is riddled with ancient tunnels, dungeons, and tombs built by crumbled civilizations long perished now. If they ever wish to see daylight again and reclaim their freedom, the ragtag group of prisoners must form a team and descend through the mountain, level by level.