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

Google is making encryption standard in the next version of Android

Less than a day after Apple detailed new efforts in user privacy for its products, Google now says it plans to encrypt user data on all Android devices. Speaking to The Washington Post, Google says data encryption will now be a part of the activation process instead of an optional feature. The end result is that whatever data is stored on that device, be it a phone or tablet, will be inaccessible unless the person has the correct password. Read more

Samsung to Launch Tizen based Smartphone in India in November 2014

It looks like a Tizen Smartphone launch in India is on the cards, and the launch date is November 2014 for our Linux based friend. Samsung believe that they can use content to differentiate themselves from the competition, enabling them to maintain their lead in the Indian Smartphone market. We are not expecting the launch of the Samsung Z at this point, but more likely the budget Tizen Samsung SM-Z130E or SM-Z130H. Read more

NVIDIA 343.22 Linux Driver Brings Support for GTX 970 and GTX 980

NVIDIA has released a new Linux driver for its products and the developers have added support for the latest GPUs that were just announced. Read more

Linus Torvalds and others on Linux's systemd

If you're not a Linux or Unix developer, you've never heard of systemd, the new Linux-specific system and service manager. In Linux developer circles, however, nothing else ticks off many programmers more than this replacement for the Unix and Linux's traditional sysvinit daemon... Read more