Challenges Using OSS in Financial Services
summary
Lloyds Banking Group (29 million customers, 65k employees) moves from vendor lock‑in to open source core tech, standardizing on Kubernetes and OpenShift, running hybrid cloud and small AI experiments, and shifting most maintenance in‑house. This improves hiring and portability but creates costs: several dependencies prove unmaintained, requiring rewrites, and rising supply chain security work and regulator evidence drive continuous investment. The organization now enforces opinionated stacks to reduce fragmentation.
AI-written summary · about
chapters (6)
- 0:00Introduction
- 1:06Proprietary to open source
- 3:09Kubernetes and cloud-native
- 5:37OSS security benefits
- 8:31OSS benefits and challenges
- 14:16Summary
related talks
44mOpen Source in Financial Services: The Good, The Bad and the Ugly
55mIt's All about the Strategy: A Brief Story of the Open Source Renaissance in Financial Services
05mExpanding Value of OSS Community Activities in Cloud Native
28mUnlocking Agility with Open Source: A Guide for Modern Businesses
26mEnabling InnerSource at Lloyds Banking Group
23mThe Path to Open Source for the Traditional Enterprise
47m“Opening” Wall Street: Seizing The Opportunity Of Open Source In Fintech
15mKeynote: Financial Services Has Embraced Open Source – What Can Europe Learn From the Journey So Far?