Open Source Is Finally Coming to Financial Services

“Open source will catalyze the financial services industry’s biggest evolution to date. This evolution will shift the power in this $25 trillion industry from business executives to developers, not just in fintech companies, but in centuries-old incumbents, as well….

… The Mifos Initiative, leaders of the Mifos X platform, now an Apache project [Fineract], is an open source banking core. Developers can access free open source libraries and benefit from the expertise of a global community to build cost-effective banking applications…”

(Andreessen Horowitz Future Blog)

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