As such, banks are evaluating the costs of commercial software versus the opportunity presented by open source software (OSS) to drive down IT costs.
But beyond cost pressures, other trends are leading to increased adoption of open source on Wall Street, such as regulatory pressure, the demand for application development to support mobile platform use, and the need to control the costs of innovation while accelerating time-to-solution.
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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