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Community Calls For OSS Contributions by Banks

Posted by ryuzaki0 on from the also-the-mailmen-and-firemen dept.

Erikson Wright writes to mention a ZDNet article, covering a call by open-source vendors to banking institutions. The groups are asking powerful financial firms to contribute more code to the open source community. From the article: "Concerns over competitive advantage mean that it can be difficult to persuade companies to share code with the open-source community, as it can then be easily accessed by competitors. But for technologies that have little impact on competitive advantage, financial companies could probably be encouraged to contribute code, the conference panel agreed ... 'If you're using open-source technology on Wall Street, unless you're completely reliant on a vendor to provide a certified version, you will probably invest extra time to fix it,' he said. 'What will you do with your fix? You can keep it to yourself, but if you move it upstream by passing it on to the vendor or submitting it as a patch, you know it will be available in the next version of the product. That's what drives most open- source development--collective self-interest.'"

2 of 106 comments (clear)

  1. Aint' gonna happen. by Anonymous Coward · · Score: 1, Funny

    The Banking industry is the largest group of selfish people I have ever met. Anything they do internally is kept there for fear of giving anyone any kind of edge or leg-up.

    It's to the point that they act almost paranoid that everyone is out to get them.

  2. Re:What banks are for by gbjbaanb · · Score: 2, Funny

    As if they'd use that!

    Here's my version, its MUCH better to a banking person.

    000100 IDENTIFICATION DIVISION.
    000200 PROGRAM-ID.     LOVEBANKS.
    000300 DATE-WRITTEN.   27/04/06        16:57.
    000400*       AUTHOR    GBJBAANB
    000500 ENVIRONMENT DIVISION.
    000600 CONFIGURATION SECTION.
    000700 SOURCE-COMPUTER. RM-COBOL.
    000800 OBJECT-COMPUTER. RM-COBOL.
    000900
    001000 DATA DIVISION.
    001100 FILE SECTION.
    001200
    100000 PROCEDURE DIVISION.
    100100
    100200 MAIN-LOGIC SECTION.
    100300 BEGIN.
    100400     DISPLAY " " LINE 1 POSITION 1 ERASE EOS.
    100500     PERFORM UNTIL 0
    100500         DISPLAY "I LOVE BANKS." POSITION 10.
    100600     END-PERFORM
    100700     STOP RUN.
    100800     MAIN-LOGIC-EXIT.
    100900 EXIT.