Language Selection

English French German Italian Portuguese Spanish

The Open Source Balance at Banks

Filed under

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

Android 6.0 Marshmallow review

Android, Google’s mobile operating system, has matured a lot over the past year. It’s running on 1.4 billion devices (up from 1 billion last year) and its most popular app store, Google Play, has more than 1 billion active users. In the last quarter, IDC estimates that Android held 82.8 percent of the global smartphone market. As its newest iteration, 6.0 Marshmallow, rolls out, Android’s going incredibly, undeniably strong. Read more

At the Heart of OpenStack Evolution

As it matures, OpenStack's parallel to Linux is clearer. Linux emerged 20 years ago as a somewhat exotic challenger to proprietary operating systems. Today, it is one of the most popular and widely used OSes. However, Linux still exists in a market of mixed use. It's likely that OpenStack will be subject to the same effect, becoming a viable option among a number of cloud infrastructures. Read more

GParted Live Gets the Latest Updates from Debian Sid

GParted Live, a small bootable GNU/Linux distribution for x86-based computers that can be used for creating, reorganizing, and deleting disk partitions, has been upgraded to version 0.23.0-2 and is now available for download. Read more

MATE-Desktop 1.11 Released, Working Towards MATE 1.12

MATE developers are currently working towards MATE 1.12. MATE 1.12 is expected to have full support for GTK3, initial support for Wayland, support for GNOME Account Servers, full support for systemd's logind, xf86-input-libinput driver support, and various other changes. The work-in-progress items can be found via the MATE-Desktop Roadmap. Read more