Today’s topics include Apple rolling out GDPR-like features for its users, and financial services embracing open source to gain an edge in innovation.
When Europe’s General Data Privacy Regulation took effect in May, Apple promised its users in other areas, notably the United States, that it would provide similar services this year. As of Oct. 17, that time has come.
Apple customers can download the data that Apple has on them simply by asking, just like Apple customers in Europe have been able to do since May.
At the Linux Foundation’s inaugural Open FinTech Forum in New York City, attendees got a chance to discuss the latest state of open-source adoption and the extent that open-source strategies are changing financial service businesses.
Banks essentially have tech businesses inside of them because customers demanded more control of their finances through online and mobile applications.
“The pressure to innovate is solved by open source,” said Jagadesh Gadiyaram, head of open source for Capital One. “We are way past the days where we have to build everything from scratch. There’s code out there to start from and build scaffolding around that gives you access to innovative ideas as well as features that accelerate your time to value. It gives you a head start on building stuff you care about faster. If you embrace it and understand it and know how to utilize it, you can really get ahead,” he said.