The investment bank spent countless hours over 14 years developing a platform called Alloy to help it access and analyze the growing set of financial databases being created across the firm. Now Goldman is taking the unusual step of making that program, as well as the language underlying it, available to the rest of Wall Street for free as open-source software in collaboration with a non-profit called Finos.
If this makes sense to a private banking company one just has to wonder why more governments are not sharing their software too with each other to lower costs for all taxpayers?
See https://www.cnbc.com/2019/11/20/goldman-sachs-is-giving-away-software-to-wall-street-for-free.html
#opensource #banking
#^Goldman Sachs is planning on giving some of its most valuable software to Wall Street for free
The move is the latest step by Wall Street to follow the lead of tech giants like Google and Facebook that regularly release code to outside developers.