BBVA API Market
Open source code has changed the rules of the game in the world of technology, and –by extension – in the world of business too. It even represents a cultural shift and a new working model to which major companies are all now signing up.
Alberto Morgante, Cloud Computing Innovation Engineer at BBVA, explains the importance of this new way of working and analyzes its advantages and potential after his participation in the OpenExpo event Open Source Trends 2017.
The main benefit is that behind that solution you have a huge community to maintain that software and who are also looking out for its interests.
Open source tools give us the ability to be really quick to adopt new solutions. It also helps us adapt to new trends in the world of technology
One of the trends that’s going to be big in 2017 is machine learning and cognitive technologies. This is something that companies have yet to exploit, but it’s really important for us as a data source. This is one of the technologies and new trends that’s really going to make its mark. Cloud computing is going to become much more stable than it is at present; and also IoT, a trend that’s slightly less relevant in our case, but which is also going to make an impact.
The security side. We have to be really careful about that aspect. The data are paramount, as in the end that affects how much our customers feel they can trust us.
Cloud philosophy means you can drastically reduce development times compared to how long you needed before with non-agile methodologies. It means having to use agile methodologies to make your developments, which saves time. And vice versa –open source development implies we can obtain ever better cloud solutions, so in the end they mutually benefit each other – it’s a win-win situation.
We’re currently working with the Openstack community, as well as with the Kubernetes community. What’s more, outside the area of innovation, I’m sure many development groups at BBVA are collaborating on small projects, not at the community level, but more at the open-source project level, particularly because of the mutual benefit that can be gained from doing so.
Absolutely. Not only do you have the advantage that there are a whole load of people behind it who are working with you, but you actually have the code yourself and can update it as early as possible. For us at BBVA, time is our main priority. We have to minimize time in the event of a possible security incident that may ultimately impact the customers. Open source allows us to do just that, to cut our reaction times.
Of course. There are thousands of examples of companies with private software that are moving to free software and are even opening up their code, offering their code to everyone else. This is all part of that cultural change we’re talking about.
I’d tell them to start by trying a small project where they can see the advantages of having an open source solution, without being afraid to keep it going. They’ll find how much they like the cultural shift and having the advantages of open source. I’d advise them to take the plunge –there’s no harm in trying.
For more information go to:
– In our Open Source eBook
PRETA is one of the leading bodies in the European Union in terms of intra-Community payments and financial transactions. Following the implementation of PSD2, the body has focused its efforts on ensuring compliance by providing a number of services and documentation that suppliers need.
Open Future World is born with a clear vocation: to become a rallying point and meeting place for all players in the open banking ecosystem.
A new edition of the Secure Payments & ID Congress was held on November 17, an event dedicated to analyzing the current state of collection and payment services, authentication and identification processes, and fraud security and prevention.