Many government bodies have historically been averse to open-source software (OSS). Now that OSS has gained popularity and shown what it can do in the private sector, that’s changing. The open-source movement holds significant potential for public agencies, too, especially in the realm of finances.
Public finance has emerged as a leader in government-backed OSS, thanks largely to the move toward open banking. Regulations like Europe’s Second Payment Services Directive (PSD2) require banks, either directly or indirectly, to adopt open-source APIs for consumer products. As these projects mature and grow, their benefits and risks become increasingly clear.
This article has been indexed from DZone Security Zone