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

More Intel DRM Changes Queued For Linux 3.18, Including Old i830M Fixes

With the drm-next merge window for Linux 3.18 closing, Intel's open-source developers have submitted another round of changes for ultimately landing with the Linux 3.18 kernel. Intel has already sent in multiple pull requests of new DRM graphics driver code to push into drm-next for the Linux 3.18 merge window. Among the changes include various Cherryview improvements for the forthcoming low-power Atom SoC, and code clean-ups and continued Broadwell tweaks. Another Git pull request landed in drm-next over the night. Read more

Speeding up the Debian installer using eatmydata and dpkg-divert

The Debian installer could be a lot quicker. When we install more than 2000 packages in Skolelinux / Debian Edu using tasksel in the installer, unpacking the binary packages take forever. A part of the slow I/O issue was discussed in bug #613428 about too much file system sync-ing done by dpkg, which is the package responsible for unpacking the binary packages. Other parts (like code executed by postinst scripts) might also sync to disk during installation. All this sync-ing to disk do not really make sense to me. If the machine crash half-way through, I start over, I do not try to salvage the half installed system. So the failure sync-ing is supposed to protect against, hardware or system crash, is not really relevant while the installer is running. Read more

Samsung's first open-source conference kicks off, with Tizen on its mind

The inaugural Samsung Open-Source Conference opens Tuesday morning in Seoul, with keynotes from well-known figures in the open source world and a hackathon focused on Tizen, the company’s in-house mobile operating system. The event kicks off with a speech from Jono Bacon, the former community manager for Ubuntu, who recently moved to the XPrize Foundation, and also includes talks from Linux kernel developer Tejun Heo and Carsten Heitzler, the principal creator of the Enlightenment desktop environment for Linux. Read more Also: Samsung Electronics to host first open-source conference

Flockport Rivals Docker with Open Source Container Virtualization

Is there more to container-based open source virtualization than Docker? A startup named Flockport thinks so, and has launched a website for sharing and deploying virtual apps using Linux Containers (LXC), an alternative to Docker. Read more