Open Source, Fintech, and the power of communities
summary
An open-source ACH library in Go plus a Docker image turns JSON into compliant NACHA files and handles wires, debit messages and Metro 2 reporting; one high-risk merchant drops ~3% per-transaction fees to about $0.50 and saves tens of millions annually, while a major bank runs billions through the library, surfaces 150 bug reports that harden the codebase. Community grows from hundreds to ~2,500 on Slack with human welcomes, a shift to GitHub Discussions and a planned Slack→Discussions exporter.
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chapters (10)
- 0:00Start
- 11:52Remote Cryptocon
- 13:18Banking as a Service
- 14:02Integrating to a Core Banking System
- 20:04How Is the Relationship between the Private Company and the Open Source Projects
- 20:14It Started as an Open Source Project Not a Company
- 28:36International Wires
- 33:32How Do You Contribute to the Project
- 37:27Github Discussions
- 40:50Luma
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