Technology

Open source charms banking

Open source software is worming its way into the local banking industry.

01 September 2009

Software and financial services have always had a close relationship.

Almost as soon as the first mainframes were available, financial institutions were using them to balance accounts, calculate payrolls and trade on the stock market. Because of the stiff reliability and scalability requirements, only the most competent enterprise vendors have survived for long in this rarefied atmosphere, purveying very high-end proprietary solutions.

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