FOREWORD
OPEN SOURCE : DRIVING BANKING COLLABORATION In this edition , we look at the rise of open source platforms in financial services , and how banks & finservs can shift their mindset to see its benefits …
“ WE LOOK AT THE BENEFITS BANKS
CAN REAP BY COLLABORATING WITH PARTNERS
AND COMPETITORS THROUGH OPEN-
SOURCE PLATFORMS ”
IMAGE : Karine Martinez | Head of Sales , Edenred Payment Solutions ; Expert on embedded finance
May 2024 | fintechmagazine . com
Industry leaders from Finastra , Fiserv , Edenred Payment Solutions and Airwallex on the rise of embedded finance and its pivotal role in the future of financial services
FINTECH MAGAZINE IS PUBLISHED BY
DIGITAL WALLETS
EMBEDDED LENDING &
CREDIT
We speak to TruStage Director of
Product Management and Innovation , Danielle Sesko
OPEN SOURCE COLLABORATION
The rise of open source platforms in finserv
EMBEDDED FINANCE
TRANSFORMING FINANCIAL SERVICES
OLD MUTUAL LIMITED ABSA GROUP WOODRUFF SAWYER
Leveraging the power of blockchain , open-source software and technologies can be used in several ways to drive innovation , reduce costs and improve efficiency .
From core banking solutions to open data – identified by McKinsey as the ability to share financial data through a digital ecosystem in a manner that requires limited effort or manipulation – open-source technologies have a significant role to play in the financial services landscape .
But while the opening up of banks and financial service providers ’ once-closely guarded data sets may have immediately dissuaded some banking institutions , progressive financial institutions have seen the value in leveraging open-source .
In this issue , we look at the benefits banks can reap by collaborating with partners and competitors through open-source platforms .
We also delve into the ways embedded lending is revolutionising consumer credit , and look at how mortgage brokers are overcoming macroeconomic volatility by leveraging cutting-edge technologies .
Don ’ t forget to check out our Top 10 too , where we look at the leading digital wallets on the market today . And , as always , you can keep up to date on all the latest news over at fintechmagazine . com . Enjoy the issue .
LOUIS THOMPSETT louis . thompsett @ bizclikmedia . com © 2024 | ALL RIGHTS RESERVED fintechmagazine . com 5