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Open source solutions a great option for financial services organizations

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In the financial services industry, technology has always played a big part right from the transaction mechanism to the data storage and security aspects. The industry has also gone through a lot of ups and downs with challenges such as economic crises that are tough to recover from. This means that the players in financial services sometimes have to achieve high goals while working with constrained resources including time. Let us try and understand the benefits of using open source solutions in financial sector:

http://suyati.com/impact-of-open-source-in-financial-services/

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Open source solutions a great option for financial services organizations

  1. 1. Open Source Solutions A Great Option for Financial Services Organizations
  2. 2.  Open source means that the source code and compiled versions of a software offering are completely open and available for review and changes to all.  The concept of open source has always been highly regarded in the tech world, as it is developer friendly and open to improvements from experts worldwide. What is Open Source?
  3. 3. Why Open Source in Finance?  In the financial services industry, technology has always played a big part right from the transaction mechanism to the data storage and security aspects.  The players in financial services have to achieve high goals while working with constrained resources including time which calls for a need for open source platform.
  4. 4. Why Opt for Open Source? Cost effectiveness which reflects in the balance sheet Range of choices according to the needs Easy scalability with increased customer base
  5. 5. Easy Maintenance with in-house support Support from the community of users Product stability because of universal acceptance Why Opt for Open Source?
  6. 6. The Final Say  Skeptics might raise critiques such as open source solutions not being complex enough to deal with their requirements, or that the security and maintenance of such a product would be challenging compared to a packaged product.  We hope that the above list of benefits answers these questions and brings out the fact that open source could prove to be of great benefit to financial services organizations.
  7. 7. That’s not all, feel free to share this information For any queries on Open Source Solutions
  8. 8. Suyati provides marketing technology and integration services for companies that wish to combine the best of breed solutions and create a unified approach to customer acquisition. This unified digital marketing approach requires system integration between various CMS and CRM platforms, and a slew of eCommerce, Marketing Automation, Social Media Listening, email and social marketing, and customer service systems. Our specialized knowledge in Salesforce, open source and .Net based systems enables us to build effective custom integrated solutions for our clients. www.suyati.com

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