Deutsche Bank waltzes into open source space
Deutsche Bank has made its software code publicly available as it hunts out fame and fortune in the open source arena.
The move, a fairly common one in fintech, underpins the bank’s goal to get involved in the open source community following the release of its Plexus Interop late last year.
The solution known as “Waltz” allows organisations to gather information about their IT estate from multiple sources across the firm, including information on applications, infrastructure, data, processes and costs.
According to the bank, Waltz pulls the information together and displays it in an interface. The result is “transparency for decision makers over their complex IT environments”.
Russell Green, head of group architecture at Deutsche Bank, adds that it “showcases the high level of innovation within the firm”.
The work is a continuation of the bank’s strategy to modernise, simplify and standardise its technology. Because it’s publicly available, Deutsche Bank says programmers can suggest improvements, develop new features and find new uses for the software. This is fed back into the open source community.
The code can be accessed via the GitHub platform.