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Fintech Open Source


Published on asks the questions, is fintech ready for open source?

The last slide answers the question, why open source in wealth management?

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Published in: Economy & Finance
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Fintech Open Source

  1. 1. Is fintech ready for open source? Gene Kobilansky
  2. 2. $196.7 billion Total bank IT spending across North America, Europe, and Asia-Pacific will grow to US$196.7 billion in 2015 - IT Spending in Banking: A Global Perspective, Celent
  3. 3. 92% Study of 542 developers revealed 92% were using open source software to develop (mobile) apps. - Forrester Research Study, sponsored by Black Duck
  4. 4. 78% 78% of respondents saying their companies run part or all of their operations on OSS - 2015 Future of Open Source Survey, North Bridge
  5. 5. 28% 28% was all the unique code needed for a bank to develop its latest trading application. - Open Source Drives Innovation in Financial Services, BearingPoint -
  6. 6. $66 billion 42 million households, for $66 billion in annual revenues, are prime candidates for virtual financial advice - The Virtual Financial Advisor: Delivering Personalized Advice in the Digital Age, McKinsey