Open source means that the source code of a software is publicly accessible (online) for everyone.

Similar terms

Application Programming Interface (API)

APIs are programming interfaces that provide a link to other software programs and facilitate the swift exchange of information. In short, programs/applications can access functions of external applications or companies via APIs.

Big Data

Big Data refers to vast amounts of data that are too large, too complex, too weakly structured and/or too short-lived to be processed and evaluated using conventional or manual methods.

Beacon Technology

Beacon technology allows for contactless data exchange via Bluetooth.

Backend-as-a-Service (BAAS)

In BaaS, individual banking functions are detached (unbundling) and made available to third parties. The users include FinTechs and other banks as well as other branches/subsidiaries of the bank itself.