💡 Is open source the future of finance? For years, Wall Street kept its tech proprietary. Now, financial giants like Morgan Stanley, J.P. Morgan, and Goldman Sachs are shifting gears—embracing open source to cut costs, move faster, and collaborate better. 📈 In 2024 alone, finance professionals made 750K+ commits on GitHub—a 55% jump since 2021. That’s not just adoption; it’s active contribution. 🔗 Read more via Business Insider: https://hubs.ly/Q036422X0 (paywall) 💬 What do you think? Is open source reshaping finance? Let’s discuss! ⬇️ #OpenSource #Finance #FinTech
💬 Is open source now a competitive advantage in finance? 💡 “If you're building something and it is not a source of competitive advantage, you have to wonder: 'Is this already outside? Should I be using it if I'm not using it? Is there something or a gap that I should be improving and contributing back my improvement?’ And only then should you build something net new.” — Dov B. Katz, Managing Director, Morgan Stanley & FINOS Governing Board Member 🔓 Wall Street’s approach to technology is changing fast. Instead of keeping everything proprietary, financial firms like Morgan Stanley, J.P. Morgan, Goldman Sachs, Citi, and BlackRock embracing open source to: ✅ Reduce costs & tech debt ✅ Speed up development & vendor integration ✅ Improve engineering retention & collaboration 📊 In 2024 alone, financial services professionals made 750,000+ commits to GitHub, a 55% increase since 2021 – proving that finance is no longer just using open source, but building it together. 🔗 Read more in Business Insider https://hubs.ly/Q036422X0 (paywall) 👇 Drop your thoughts in the comments!
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