On Demand Webinar

Building a Competitive Advantage With Open Source:  A How-to For Financial Institutions

 

Key Take-Aways From the Webinar:

 

TAKE AWAY #1

There are a number of reasons why Financial Institutions are looking to open source as an alternative to proprietary database options:

  • Lowering total cost of ownership 
  • Adaptable platforms helps drive adoption
  • Security through mass adoption and code review
  • Resilience
  • Technology neutral

TAKE AWAY #2

Migrating towards open source systems requires a number of steps:

  1. Tolerating
  2. Developing
  3. Migrating
  4. Executing
  5. Realizing

TAKE AWAY #3

How to develop your plan:

  1. Separate the application stack
  2. Deep dive into each layer - what are your required capabilities?
  3. Map your technology - What is your optimal tech stack?
  4. Document - Document findings, capabilities and limitations requirements
  5. Decide - What is your optimal approach?

TAKE AWAY #4

Before making your decision to use open source, consider some of the risks:

  • Migrations can be hard (but are manageable)
  • Perceived security issues
  • A complete database technology migration is hardly ever possible
  • Knowledge training is important
  • Human capital constraints
  • Watch out not to migrate from Closed source to another Lockin
  • Timelines can be long

 

 

 

From challenger banks to stalwarts such as Goldman Sachs, financial organizations have adopted open source software and standards at a break-neck pace. That’s because open source enables them to get products to market faster, meet increasing regulatory pressure, respond to evolving customer expectations, and keep pace with stiffer competition. 

In this webinar, Percona Solutions Engineer Dimitri Vanoverbeke provides tips for successful adoption of open source, as well as risks to consider (and avoid).

Topics covered include: 

  • Landscape and OSS software
  • Business benefits in working with OSS software
  • Risks in working with OSS software
  • Mitigation and more

 

Fill out the form below to register:

dimitri-round

Dimitri Vanoverbeke, Percona Solutions Engineer

As a young padwan, Dimitri was triggered into IT by an early adoption in BASIC, DOS, the early windows era, and early Linux adoption. This made him aware of the numerous pitfalls, challenges and actual fun of working in IT. In his career, Dim0 has worked for emerging technology organisations and has been active in Open Source Software consulting. Since 2013, Dim0 is a Solution Engineer at Percona and has helped numerous organisations in adopting Open Source database technologies.

 

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