Is a Wave of Open Source Banking Coming?

Open source projects have started at Deutsche Bank and JPMorgan Chase in the past year, there is a thought that this is the start a new wave of open source banking; Accenture found that 99 out of 100 payments executives at banks said they plan to make big open banking investments by 2020; open source projects like Linux has help the tech industry develop into what it is today; banks like CBW Bank, who is run by former Google engineer Suresh Ramamurthi, already have a marketplace where developers can build banking apps using their APIs; open source banking can also help to keep banks more secure as the big tech giants have been helped a lot by using open source applications. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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