More than a decade ago, a handful of companies looked to capitalize on the open source movement while at the same time perverting the licensing fundamentals behind it. The threat to open source culture was palpable. But disaster was averted. Today, history is repeating itself and it's time to act.
Open Banking is aiming to give consumers access to real-time banking data through the use of APIs. The successful implementation of this type of system will change the way people save, borrow, spend and invest their money, as well as encourage healthy competition in the financial services industry.