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In the fast-paced world of financial technology (fintech), real-time decisioning has become a cornerstone of innovation and success. Fintech apps are reshaping the financial landscape by offering users unprecedented convenience, speed, and personalization.
Therefore, whilst security isn’t a barrier to digital transformation, it is a consideration that will impact the speed at which firms transform. Are these business silos slowing down the rate of change and innovation? It’s also not simply a game of partnering or competing with big tech and fintech firms.
Their work produces higher-quality code and enables faster innovation, while maintaining high security standards. Faster innovation Without prohibitive contracts and lengthy procurement processes, open source enables developers and DBAs to customize the source code and create new applications for addressing evolving needs.
There is an alternative perspective that is far more optimistic : digital companies drive down costs through hyper-efficiency (speed, automation and machine scale) and price transparency. Ride sharing services have added driver/fleet capacity and accelerated speed-of-access for local transportation service.
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