Open Source in banking: innovations and opportunities @ World Banking Forum 2023

Igor Tomych
Igor TomychFintech consulting and software develoopment at Dashdevs
Open Source in banking: innovations and opportunities @ World Banking Forum 2023
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
Aboutme igortomych
CEOatDashDevs
Founderof FintechGarden
20
yearsof
experience
20+
fintech
products
9
monthstillEMI
launchinUK
10+
financial
institutions
50+
vendors
intgrated
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
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
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
what is digital part of the
typical bank?
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.
benefits of Open Source and
communities?
Transparency Collaboration Community driven
No Vendor lock Customisation
Collaborative
development
Macro level impact
Ready to use

products
Proven

solutions
Use of

support
examples
Micro level impact
Real life
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.
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
let’s build fintech community
together
Thankyou
email dashdevs.com linkedin book a call
QUESTIONS?
1 of 18

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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
  • 7. what is digital part of the typical bank?
  • 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
  • 10. Macro level impact Ready to use products Proven solutions Use of support
  • 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
  • 16. let’s build fintech community together
  • 18. email dashdevs.com linkedin book a call QUESTIONS?