Deutsche Bank CTO: Banks Need to Be Open-Source Contributors, Not Just Takers
While delivering the keynote address at this year's North American Trading Architecture Summit, Jim Adams of Deutsche Bank looked at the need for greater collaboration among banks in the open source space, and delved into the bank's internal projects.
It’s a story that’s been told before: Banks are siloed; they’re run by complex, legacy platforms; and they’re slow to deploy innovative platforms when compared with other retail giants.
This structure, while changing, has created challenges as firms have looked to tap into the promise of open-source tools, noted Jim Adams, global markets CTO at Deutsche Bank, during his keynote address at this year’s North American Trading Architecture Summit.
“Banks have ingrained in them a certain degree of
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