“ Some have a perception that open source software is not as secure , which of course has been proven false ”
ANN SCHLEMMER CEO , PERCONA
For Bergelt , the rise of fintechs is pushing more legacy banks , particularly Tier 1 organisations , to develop their own technologies , or tinker with the technologies they leverage from thirdparty technology providers .
“ Banks are used to having indemnification from the technology manufacturer , the hardware maker that ’ s also in charge of incorporating software ,” Bergelt says .
“ All of that is essentially changing today because banks are onboarding record numbers of software developers to play catch up with fintechs , which voids indemnification requirements .
“ Indemnification can be voided because it no longer becomes the technology provider that brings in the
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