OSinFinance 101 Open Source Benefits for the Financial Services Industry – Grizz Grizwold 11 August 2022

This article gives a high-level view of the advantages of open source for stakeholders in financial services institutions, as well as the ecosystem that supports them. Why use and contribute to open source in finance? Open source's power is found in leveraging a collaborative development as well as the security and quality of code, with more eyeballs on the code. Banks and fintechs can lower costs of development, speed up time to market, and reduce vendor lock-in.