Open Source Finance

From Open Risk Manual

Definition

Open Source Finance is the provision of financial services that is substantially (but not necessarily exclusively) based on software components released under an Open Source License.

Open source finance is an evolving domain in that both the provision of financial services based primarily on digital technologies and the adoption of open source software development are recent practices (see Fintech).

This entry focuses on documenting the structure and business models associated with open source financial activities.


Disclaimer: Financial Services is a highly regulated activity with significant risks (Legal Risk, Financial Risk, Operational Risk) for all entities involved. The inclusion of specific initiatives or approaches in this entry in no way represents an endorsement of their suitability for any particular purpose

Service Categories

The broad overview of financial service categories with existing open source finance examples

Category Examples
Payment Service
Banking Service
Investment Service
Wealth Management Service
Insurance Service

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