Open Source in banking: innovations and opportunities @ World Banking Forum 2023
2. Dashdevs
GLOBAL product & software development partner
years of hands-on
experience
12+
own white label modular
fintech platform
Fintechcore
successful fintech &
banking products
20+
mobile applications
built and published
80+
wolrdwide offices
7
4. Create B2B2C platform for combining EMI
and MiFID II licences.
Deliver white label banking solution from
the scratch in 9 month.
Design scalable & flexible solution for future
business growth.
Integrate with 30+ vendors, including
KYC/AML, Cards Issuing, Banking rails, etc.
Pi1 CASE
case study
5. Shortage of inhouse Open Banking
implementation expertise
Build first open banking engine & app in MENA
region, which is compliant with newly issued
Legislation
Integrate commercial banks in Bahrain into the
solution
Tarabut Gateway
case study
6. Tech stack
What is the modern bank today?
Product and
services
Offerings include
checking and savings
accounts, CDs,
mortgages, personal
loans and cards
Branch
Network
A network of physical
branches where
customers can conduct
transactions
ATM
Network
Customers can
withdraw cash, deposit
checks, and perform
other basic
transactions
Digital
Banking
Platforms where
customers can check
balances, pay bills,
transfer money, and
more
8. What is open source?
definition
Open source refers to a software development and
distribution model that emphasises transparency,
collaboration, and community-driven development.
In an open source project or software, the source
code is made freely available to the public,
allowing anyone to view, use, modify, and distribute
it. This open approach stands in contrast to
proprietary software, where the source code is
typically kept secret and controlled by a single
entity.
9. benefits of Open Source and
communities?
Transparency Collaboration Community driven
No Vendor lock Customisation
Collaborative
development
14. Complex complicated
vs
Complicated: Refers to things that have many parts or steps, but they
can be understood and addressed through analysis and expertise. A
complicated system is often deterministic, meaning it behaves in a
predictable way. An example might be a large mechanical clock; it has
many intricate parts that require careful assembly, but with the right skills
and knowledge, it can be put together and understood.
Complex: Describes systems where the interactions of the components
are not straightforward and can give rise to unpredictable or emergent
behaviors. It's often used to describe systems that have an element of
unpredictability and are difficult to predict even with a deep
understanding of the individual parts.
15. Goals #
We digitalize technical and financial knowledge
We analyze ecosystem and provide visibility in
fintech industry
We connect fintech experts
We educate for better future
We improve constantly