Open Source in banking: innovations and opportunities @ World Banking Forum 2023
GLOBAL product & software development partner
years of hands-on
own white label modular
successful fintech &
built and published
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
Integrate with 30+ vendors, including
KYC/AML, Cards Issuing, Banking rails, etc.
5. Shortage of inhouse Open Banking
Build first open banking engine & app in MENA
region, which is compliant with newly issued
Integrate commercial banks in Bahrain into the
6. Tech stack
What is the modern bank today?
checking and savings
loans and cards
A network of physical
customers can conduct
withdraw cash, deposit
checks, and perform
customers can check
balances, pay bills,
transfer money, and
8. What is open source?
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
9. benefits of Open Source and
Transparency Collaboration Community driven
No Vendor lock Customisation
14. Complex complicated
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
We connect fintech experts
We educate for better future
We improve constantly