Difference between revisions of "Open Source Finance"

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== Definition ==
 
== Definition ==
'''Open Source Finance''' is the provision of [[Financial Service | financial services]] that is ''substantially'' based on software components released under an [[wikipedia:Comparison of free and open-source software licenses | Open Source License]].  
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'''Open Source Finance''' is the provision of [[Financial Service | financial services]] that is ''substantially'' (but not necessarily exclusively) based on software components released under an [[wikipedia:Comparison of free and open-source software licenses | 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 is a recent practice (see [[Fintech]])
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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. The [[Open Source Financial Software | list of software]] that is used is maintained separately  
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== See Also ==
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This entry focuses on documenting the structure and business models associated with open source financial activities.  
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* The overview of the architecture of the [[Open Source Finance Software Stack]] is maintained separately
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* The [[Open Source Financial Software | list of software]] that is used is maintained separately.
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'''Disclaimer: Financial Services is a highly regulated activity with significant risks 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 ==
 
== Service Categories ==
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=== Banking Services ===
 
=== Banking Services ===
 
* [[Open Source Core Banking]]
 
* [[Open Source Core Banking]]
 
 
== Software Stack ==
 
This is an overview of the overall open source finance software stack. Different service domains will utilize different parts of this stack.
 
 
The lower levels of the stack tend to be general purpose and used in many other domains besides finance. The higher levels of the stack tend to be finance specific
 
 
=== Operating Systems ===
 
* [[wikipedia:Linux | Linux]]
 
 
=== Communication Protocols ===
 
* [[wikipedia:HTTP | HTTP]]
 
 
=== Databases ===
 
* [[Open Source Databases]]
 
 
=== Applications ===
 
 
==== Client Facing Applications ====
 
This category includes all applications that are exposing the financial service to the end users
 
* Mobile
 
* Web applications
 
* Desktop applications
 
 
==== Internal Applications ====
 
This category includes all applications that are used internally by the financial services provider to enable the service provision (excluding the database category). It does not include general purpose applications that are also used for financial services
 
* Middleware
 
* Ledgers
 
 
==== API's  and Standards ====
 
Application Programming Interfaces ensure a measure of interoperability between different applications
 
* [[BIAN]]
 
* [[Open Bank API]]
 
 
 
  
 
[[Category:Open Source]]
 
[[Category:Open Source]]

Revision as of 12:22, 30 November 2019

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).

See Also

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 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

Payment Services


Banking Services

Contributors to this article

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