I went to a Deutsche Bank Hackathon last year in Berlin where they announced opening up their apis. https://developer.db.com/ They touted it as being innovative and open but in the end all Banks are required to open up when PSD2 comes into effect next year. Seeing this release, maybe they have honest intentions for being more open, but it being Deutsche i still have my doubts.
I used to walk around other countries bragging about German online banking, given that we have a standard that has been iterated upon (HBCI/FinTS) over decades and you can pretty use any online banking software with any bank. A few years have passed since then and most germans banks are still the same. Meanwhile you get instant wire transfers in a few countries. When I think Deutsche Bank and innovation, I think of m…
Deutsche Bank makes source code publicly available for the first time
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Re: Deutsche Bank makes source code publicly available for the first time
#102Get ready for a data dump of 40 year old COBOL code /s But in all seriousness, this is a great step forward in institutional software. Open up software to further progress towards standardizing an industry's software interface.
I would love for a few banks to dump all their old COBOL code on to GitHub. Not because it would necessarily be useful for anything, but simply because it would be fascinating to read... There is actually very little open source COBOL code available, of the massive quantities of COBOL code written over the decades the vast, vast majority of it remains closed source. Sadly I think a lot of it is just going to be lost…
Re: Deutsche Bank makes source code publicly available for the first time
#103Re: Deutsche Bank makes source code publicly available for the first time
#104Get ready for a data dump of 40 year old COBOL code /s But in all seriousness, this is a great step forward in institutional software. Open up software to further progress towards standardizing an industry's software interface.
Looking at the code I cannot find any finance related code (searching for the terms bond, swap, future). So it must be a communication protocol only but doesn't cover the products. Why not using a simple REST API then?
Re: Deutsche Bank makes source code publicly available for the first time
#105One of their competitors, Dresdner Bank, did something similar in 2001 when the open sourced their messaging middleware code as Openadapter. https://github.com/openadaptor/openadaptor It's pretty good and I actually used it at a commodity trader, but this kind of integration is pretty niche and while Openadapter is still around it never caught on in a big way. I expect that this will be similar - hardly anybody else…
Re: Deutsche Bank makes source code publicly available for the first time
#106Earlier quoted context omitted.
I used to walk around other countries bragging about German online banking, given that we have a standard that has been iterated upon (HBCI/FinTS) over decades and you can pretty use any online banking software with any bank. A few years have passed since then and most germans banks are still the same. Meanwhile you get instant wire transfers in a few countries. When I think Deutsche Bank and innovation, I think of m…
SOAP in 2017? Yikes. Design by committee?
Re: Deutsche Bank makes source code publicly available for the first time
#107Earlier quoted context omitted.
Looking at the code I cannot find any finance related code (searching for the terms bond, swap, future). So it must be a communication protocol only but doesn't cover the products. Why not using a simple REST API then?
There are a big likelihood that they used german terms since it's a german bank. Sourcecode written in other languages are not funny to read.
Re: Deutsche Bank makes source code publicly available for the first time
#108Earlier quoted context omitted.
I would love for a few banks to dump all their old COBOL code on to GitHub. Not because it would necessarily be useful for anything, but simply because it would be fascinating to read... There is actually very little open source COBOL code available, of the massive quantities of COBOL code written over the decades the vast, vast majority of it remains closed source. Sadly I think a lot of it is just going to be lost…
For a probably extreme but real example, I think I would prefer my Grandfather's specific duties with the Atomic Energy Commission in the 1940s not be released. I don't even like talking about what kind of scientist he was in some crowds.